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According to encryption KOL Fishy Catfish, Bryan Pellegrino, co-founder and CEO of LayerZero Labs, had a heated debate with security researchers in the ETHSecurity Community Telegram group today. The core of the dispute is that LayerZero Labs can immediately upgrade the default library contract without time limit, which may lead to the risk of message forgery, involving LZ OFT worth over 3 billion US dollars. Researcher Banteg pointed out that projects such as Ethena and EtherFi were still using the default library contract a few weeks ago, and there are still $178 million in funds exposed to risks.