KelpDAO Developer Sues LayerZero Over $292M Bridge Exploit
60-second summary
Evercrest alleges that LayerZero approved a single‑verifier bridge configuration in writing several times before warning another developer, and now KelpDAO’s developer sues over the $292 million exploit. The lawsuit claims LayerZero’s inconsistent guidance enabled the breach, exposing vulnerabilities in cross‑chain messaging. This dispute could pressure LayerZero to tighten verification standards, affecting bridge adoption and market confidence.
Evercrest says LayerZero approved the single-verifier configuration in writing multiple times, then warned a different developer about it.