KelpDAO Files Civil Claim Against LayerZero Over $292 Million Hack
The claim names LayerZero Labs co-founder Bryan Pellegrino, who called it baseless and said he would defend himself in Vancouver.
KelpDAO has filed a civil claim against LayerZero and its co-founder and CEO Bryan Pellegrino, opening a legal dispute over an exploit that caused more than $292 million in losses.
Pellegrino disputed the claim, calling it baseless and saying he would defend himself in Vancouver. The filing places LayerZero’s cross-chain infrastructure at the center of a dispute over how the April attack occurred.
The attackers used social engineering to compromise a LayerZero developer account, then targeted KelpDAO’s rsETH configuration. Because the setup used a single verifier, the target contract released assets after receiving one valid signature, allowing rsETH to be stolen.
