KelpDAO sues LayerZero over $292M rsETH exploit
KelpDAO has sued LayerZero and co-founder Bryan Pellegrino in British Columbia over the April 18 exploit that drained 116,500 rsETH worth approximately $292 million. KelpDAO said on September 24 that Evercrest Technologies Inc., the legal entity behind Kelp, filed the action to address what it describes as failures connected to LayerZero‘s infrastructure. Kelp’s current terms identify Evercrest Technologies Inc. as the company providing the Kelp application. Today we filed a lawsuit against LayerZero and its co-founder, Bryan Pellegrino, to right the wrongs associated with the exploit of rsETHs LayerZero bridge earlier this year. For more details, please refer to the statement below.https://t.co/gPQTPeM0Zh — Kelp (@KelpDAO) September 25, 2026 The complaint, according to KelpDAOs public account, alleges that LayerZero failed to disclose weaknesses and risks in its technology and failed to stop attackers from penetrating security infrastructure used by its verifier. No court has ruled on those allegations. Pellegrino disputes the case. He called the claims “meritless” and said he would defend himself and LayerZero in Vancouver. Current reporting confirms the civil claim names both LayerZero and Pellegrino personally. KelpDAO says LayerZero approved its bridge setup KelpDAO‘s case centers partly on the configuration of the rsETH bridge. The protocol says LayerZero had reviewed and approved its deployment and









