According to an interview with The Block, LayerZero CEO Bryan Pellegrino denied allegations that LayerZero (related to the LayerZero-based cross-chain liquidity protocol Stargate) has two critical trusted third-party vulnerabilities, saying that "it is 100% The facts are wrong, and I would ask you to speak to any auditors involved in the project." Previously, Nomad founder and chief technology officer James Prestwich stated that there are two key vulnerabilities in the LayerZero relay, which is currently in a two-party multi-signature state, so these vulnerabilities can only be exploited by insiders or known team members. The first of these vulnerabilities allowed fraudulent messages to be sent from LayerZero multisigs, and the second allowed messages to be modified after the oracles and multisigs signed them or transactions, both resulting in the theft of “all user funds.”