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News 2026-09-26 19:31 UTC

KelpDAO Sues LayerZero Over $292M rsETH Bridge Exploit

TL;DRThe company behind KelpDAO has taken its dispute with LayerZero into court, filing a civil claim over the April bridge exploit that cost the restaking protocol roughly $292 million.Evercrest Technologies filed the case in the Supreme Court of British Columbia against LayerZero Labs Ltd., Layer…

News 2026-09-25 08:58 UTC

KelpDAO sues LayerZero, CEO over $292M rsETH bridge exploit

KelpDAO has filed a lawsuit against cross-chain protocol LayerZero following the roughly $292 million exploit of its rsETH bridge earlier this year, alleging that failures in LayerZero’s security infrastructure contributed to the attack.KelpDAO said Friday that LayerZero failed to disclose risks in…