KelpDAO sues LayerZero, claims it endorsed setup used in $292 million rsETH exploit
60-second summary
KelpDAO files a lawsuit against LayerZero and its co‑founder Bryan Pellegrino, asserting that the April 18 rsETH exploit—costing users $292 million—was enabled by a bridge configuration the DAO claims was formally endorsed in writing, linking LayerZero to the vulnerability; the legal action could pressure cross‑chain providers to tighten audit standards and may dampen investor confidence in interoperable DeFi solutions.
KelpDAO sued LayerZero and Bryan Pellegrino over the April 18 rsETH exploit, alleging the bridge setup was endorsed in writing.