KelpDAO sues LayerZero and CEO over $292M rsETH bridge exploit
🤖 AI-generated content — The title and summary were produced automatically by artificial intelligence, without human editorial review.
KelpDAO has sued cross-chain protocol LayerZero and CEO Bryan Pellegrino over an April 18 attack that stole 116,500 rsETH, worth about $292 million, from Kelp’s LayerZero-powered bridge. Kelp alleges LayerZero had endorsed its bridge setup in writing, failed to disclose risks, and did not prevent infrastructure compromise; Pellegrino called the suit meritless and plans to defend in Vancouver.
Continue in the app — vote & join in ➔Source: Cointelegraph · via ahirlevel.hu