LayerZero CEO Bryan Pellegrino Calls Out Alleged $24,000 Wash Trading on Hyperlane, Sparking Reactions from Robinson Burkey and Zach Rynes
LayerZero CEO Bryan Pellegrino posted a response on X highlighting suspicious blockchain transactions. He pointed to recent data linked to Hyperlane, noting repeated $24,000 USDT transfers in a ping-pong pattern. Pellegrino labeled this behavior Hyperlane wash trading because it appeared automated and orchestrated by the same addresses. Each transfer occurred every thirty seconds, moving funds … Read more
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