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Layerswap announced V8, a permissionless and trustless cross-chain bridging protocol based on PreHTLCs, an improved Hashed Time-Lock Contract design that removes reliance on oracles and third-party DVNs.
Attackers compromised Layerswap's GoDaddy account and hijacked the layerswap.io domain, redirecting users to a phishing site and draining about $100,000 from users. Layerswap recovered the domain and stated affected users would be fully refunded.
Layerswap announced a $2.5 million investment. At the time, the company reported over 20,000 active users and more than $80 million in deals over the previous six months.
Layerswap v2 went live, merging Bransfer into the platform, introducing a redesigned UI/UX, passwordless authentication, unified swap history, and enhanced transaction validation features.
Layerswap received a $1.5 million investment from StarkWare, Argent, ImToken, and zkSync, as reported by co-founder Aram Kocharyan.
Layerswap Labs was founded in 2021 by Ruben Muradyan, Babken Gevorgyan, and Aram Kocharyan to enable direct crypto transfers between centralized exchanges and layer-2 networks, reducing fees and confirmation times.