PeckShield retracts hack claim, says LayerZero fund move was rebalancing

Blockchain security firm PeckShield has retracted its earlier report about a potential hack of a LayerZero (ZRO) team address. The firm now states that the fund movement, initially suspected to be a hack, was a rebalancing and that user funds are not at risk. PeckShield had previously reported that a total of $2.1 million was stolen across multiple chains due to a hack of the LayerZero team's Executor wallet, an address that executes requests from a source chain on a destination chain.