26-09-2026 21:30 via newsbtc.com

KelpDAO Sues LayerZero Over $292M rsETH Bridge Exploit

TL;DREvercrest Technologies, the company behind KelpDAO, has filed a civil claim against LayerZero entities and co-founder Bryan Pellegrino.
The lawsuit concerns the April exploit that drained 116,500 rsETH, worth about $292 million at the time.
KelpDAO alleges LayerZero reviewed and endorsed the bridge configuration later blamed for the attack; those claims have not been proven in court.The company behind KelpDAO has taken its dispute with LayerZero into court, filing a civil claim over the Apr
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