Unauthorized LayerZero Initialization Leads to GAIN Minting Incident

According to BlockBeats, GoPlus has reported on social media that an unusual minting of GAIN tokens may have occurred due to unauthorized LayerZero Peer initialization and malicious exploitation. This incident is similar to the recent Yala attack. The attackers, potentially insiders or individuals who socially engineered project members, initialized an additional LayerZero Peer on the Ethereum network. They minted TTTTT tokens and exploited a misconfigured Peer to bypass cross-chain verification, resulting in the minting of 5 billion GAIN tokens on the Binance Smart Chain.