KelpDAO LayerZero rsETH exploit lawsuit stories

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.

Sep 24, 20267 sources

Top claims

▪LayerZero co-founder and CEO Bryan Pellegrino publicly stated that Evercrest Technologies' lawsuit is meritless and announced he would defend himself and LayerZero in court in Vancouver, British Columbia
▪The rsETH bridge exploit began on March 6, 2026, when an attacker used social engineering to install malware on a LayerZero developer's computer
▪An attacker in the April 18 rsETH bridge exploit tampered with LayerZero's nodes and manipulated RPC infrastructure, causing LayerZero's verifier to approve a forged cross-chain message that 116,500 rsETH had been locked on Unichain

People involved

Bryan Pellegrino

Subtopics

Blockchain interoperability1 Crypto hacks1 DeFi1

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