Sep 24, 2026
Evercrest sues LayerZero over $292 million rsETH bridge exploit
Evercrest Technologies, developer of KelpDAO, filed a civil claim in British Columbia against LayerZero Labs, its Canadian entity, and CEO Bryan Pellegrino over the April 2026 rsETH bridge exploit that caused roughly $292 million in losses. The lawsuit alleges LayerZero failed to disclose technical vulnerabilities and endorsed the setup used in the exploit.
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