KelpDAO Sues LayerZero Over $292 Million rsETH Exploit, Claims Bridge Risks Were Not Disclosed

Gadgets360 - Sep 25, 2026

KelpDAO has filed a civil claim in British Columbia against LayerZero and co-founder Bryan Pellegrino over an April attack that resulted in the loss of 116,500 rsETH worth about $292 million (roughly Rs. 2,797 crore). KelpDAO alleges LayerZero failed to disclose risks linked to the bridge’s verification setup. Pellegrino has called the claims “meritless” and sai...

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