Kelp DAO Sues LayerZero and CEO Bryan Pellegrino Over $292 Million rsETH Bridge Exploit

Evercrest Technologies, the developer of Kelp DAO, has filed a lawsuit against LayerZero Labs and CEO Bryan Pellegrino in the Supreme Court of British Columbia regarding an April exploit of the rsETH bridge. The lawsuit alleges negligence and defamation, claiming LayerZero's failure to secure the bridge led to the loss of 116,500 rsETH, valued at approximately $292 million at the time. Kelp claims LayerZero endorsed the bridge's configuration, while LayerZero has previously attributed the attack to the Lazarus Group.