TechFlow news — The underlying protocol LayerZero of Stargate, a recently launched cross-chain bridge project with TVL exceeding $350 million, has updated its default transaction verification contract. According to analysis by the Cobo Blockchain Security Team, this update fixes a critical vulnerability present in previous versions that could have potentially impacted all assets across cross-chain projects built on LayerZero.
Cobo Blockchain Security Team urges investors to remain cautious about risks associated with new projects. We also call on project teams to conduct thorough smart contract audits and promptly transition privileged controls currently held by EOA (Externally Owned Accounts) to multi-sig or timelock contracts to reduce attack surface.
Members of the Cobo Blockchain Security Research Team come from well-known security labs, with years of experience in cybersecurity and vulnerability discovery. They have assisted Google and Microsoft in resolving critical vulnerabilities and received public acknowledgments from these companies. The team has previously achieved top rankings in Microsoft's MSRC Most Valuable Security Researcher program. Currently, the team focuses on smart contract security and DeFi security, actively researching and sharing cutting-edge blockchain security technologies.
