KelpDAO is suing LayerZero and CEO Bryan Pellegrino over a $292 million rsETH bridge exploit in April, alleging LayerZero's infrastructure was compromised and its verifier falsely attested deposits. LayerZero disputes the claims but admits it made a mistake allowing its DVN to secure high-value transactions via a single verifier. The case raises questions about responsibility when crypto infrastructure security setups fail.
KelpDAO is suing LayerZero and co-founder Bryan Pellegrino over security failures that led to a $292M rsETH bridge exploit in 2026. Discussion on social media reflects ongoing concerns about bridge security and its impact on DeFi protocols like Aave.
KelpDAO is suing LayerZero and CEO Bryan Pellegrino over a $292 million rsETH bridge exploit allegedly caused by undisclosed risks and a flawed 1-of-1 verifier setup that enabled North Korea-linked hackers to drain 116,500 rsETH. LayerZero denies the allegations and says it will defend the case in Vancouver courts, while KelpDAO migrates users to a safer bridge.
KelpDAO has sued LayerZero and CEO Bryan Pellegrino following a $292 million rsETH bridge exploit attributed to North Korea's Lazarus Group, which was also linked to a recent $352 million Bitget hack.
X users discuss DeFi protocols and tokens, including NOTE's real financial activity, GRT price movements, TiwiFlix's content monetization platform, Chainlink's partnership with Infosys for institutional blockchain adoption, KelpDAO's lawsuit against LayerZero over a $292M rsETH exploit, and TartSwap's Binance Alpha listing application.
KelpDAO is suing LayerZero and CEO Bryan Pellegrino over a $292 million rsETH bridge exploit that drained 116,500 rsETH in April 2026. KelpDAO claims LayerZero reviewed and endorsed the bridge setup but failed to disclose security risks, while Pellegrino denies the allegations. The case highlights ongoing disputes over responsibility for DeFi security failures.
KelpDAO is suing LayerZero and CEO Bryan Pellegrino over a $292 million rsETH bridge exploit in April 2026 attributed to North Korea-linked hackers. KelpDAO alleges LayerZero failed to disclose risks and approved an insecure single-verifier configuration, while Pellegrino calls the claims meritless and vows to defend the case in Vancouver courts.
KelpDAO sued LayerZero and co-founder Bryan Pellegrino over security failures that caused an rsETH bridge exploit earlier in 2026. Separately, Bitget disclosed a $351.6 million breach of its hot wallet system, with user funds protected by its $464 million Protection Fund and withdrawals paused pending investigation.