POPA ReconKelpDAO Sues LayerZero Over $292M rsETH Exploit
KelpDAO Sues LayerZero Over $292M rsETH Exploit KelpDAO sued LayerZero and Bryan Pellegrino in the Supreme Court of British Columbia over the April exploit that drained 116,500 rsETH (about $292M) through its LayerZero bridge. Kelp says the hack was a direct result of LayerZero's failures: not disclosing weaknesses and risks in its own technology, and not stopping attackers from infiltrating LayerZero's own security infrastructure. It also says that while LayerZero and Pellegrino publicly blamed Kelp for months, LayerZero had reviewed and endorsed Kelp's bridge deployment and configuration i…
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