Nearly $15B is moving off LayerZero, now a: Exploit
Evercrest Technologies, the company behind KelpDAO, has sued LayerZero Labs, its Canadian affiliate, and CEO Bryan Pellegrino in British Columbia over April's $292 million rsETH exploit. The claim alleges negligent misrepresentation, negligence and defamation, seeks aggravated and punitive damages, and says Kelp users have withdrawn more than $650 million since the attack. Pellegrino has called […] The post Nearly $15B is moving off LayerZero, now a $292M lawsuit puts its security model on trial appeared first on CryptoSlate .
Evidence boundary
Confidence describes the coverage of the available evidence. It is not a safety rating and does not guarantee that a protocol or asset is safe.
Sources
Record history
First seen: 2026-09-26T10:42:49.000Z. Last updated: 2026-09-26T16:43:23.233Z. Revision: 1.