Crypto
KelpDAO Developer Sues LayerZero Over $292 Million Bridge Exploit
Evercrest Technologies is suing LayerZero and CEO Bryan Pellegrino over a $292 million exploit involving the rsETH bridge.
September 25, 2026, 02:30 PM·Crypto Briefing

Evercrest Technologies is suing LayerZero and CEO Bryan Pellegrino over a $292 million exploit involving the rsETH bridge.

Evercrest Technologies is suing LayerZero Labs over a $292 million bridge exploit, alleging the firm provided faulty configuration instructions that led to the security breach.

KelpDAO is suing LayerZero and its CEO over a $292 million bridge exploit, alleging security failures and lack of transparency regarding infrastructure risks.

Attackers stole approximately $292 million in rsETH from KelpDAO's cross-chain bridge, triggering over $10 billion in DeFi withdrawals.
