KelpDAO files suit against LayerZero over $292M rsETH bridge exploit
KelpDAO has sued LayerZero and Bryan Pellegrino over an April 18 exploit involving rsETH that resulted in $292 million in losses. The lawsuit claims LayerZero endorsed the bridge configuration used in the attack in writing.
KelpDAO has sued LayerZero and Bryan Pellegrino over an April 18 exploit involving rsETH. The incident resulted in $292 million in losses, according to the available material.
The lawsuit claims LayerZero endorsed in writing the bridge configuration used in the attack. The dispute centers on that alleged endorsement and responsibility for the configuration behind the exploit.
The lawsuit may focus attention on how crypto bridge security and responsibility are assessed after major losses. KelpDAO, LayerZero, and participants in the affected bridge ecosystem could be affected as the claim proceeds. It may also shape expectations around written technical endorsements and liability in decentralized finance, though the outcome remains uncertain.