KelpDAO Sues LayerZero and CEO Bryan Pellegrino Over $292M rsETH Exploit

TLDR: Evercrest filed a civil claim against LayerZero and Bryan Pellegrino over April’s $292 million rsETH exploit. KelpDAO alleges LayerZero failed to disclose risks despite reviewing and approving its bridge configuration. LayerZero argues KelpDAO’s 1-of-1 verifier setup created the key security weakness behind the exploit. KelpDAO is migrating rsETH cross-chain transfers to a new security [...]

The post KelpDAO Sues LayerZero and CEO Bryan Pellegrino Over $292M rsETH Exploit appeared first on Blockonomi.