[LayerZero Exposed for Using Multisig Wallets to Trade Meme Coins, with Risks in Default Library Contract Upgrade Mechanism] According to a post by crypto KOL Fishy Catfish, LayerZero Labs co-founder and CEO Bryan Pellegrino engaged in a heated debate with a security researcher today in the ETHSecurity Community Telegram group. The core disputes include: LayerZero Labs' ability to immediately upgrade a default library contract without a time lock to forge messages (similar to the rsETH hack scenario), putting over $3 billion worth of LZ OFT at risk of theft recently. Researcher Banteg pointed out that mainstream projects like Ethena and EtherFi were still using this default library contract weeks ago, and $178 million in value remains exposed to risk, originating from funds still relying on this default library.