KelpDAO Files Civil Claim Against LayerZero Over $292M rsETH Exploit
Evercrest Technologies, the legal entity behind KelpDAO, has filed a civil claim in British Columbia against LayerZero and co-founder Bryan Pellegrino over the April 18 rsETH bridge exploit that resulted in approximately $292 million in losses. Kelp says the defendants failed to adequately disclose risks in LayerZero’s technology and failed to prevent attackers from compromising infrastructure used to verify cross-chain transactions. The claim also alleges LayerZero had reviewed and approved Kelp’s bridge deployment and configuration in writing before the attack. Those allegations have not been adjudicated.