KelpDAO Sues LayerZero and CEO Over $292M rsETH Bridge Exploit
Updated — view changes (3)
· body · New information from a source
KelpDAO has sued LayerZero and CEO Bryan Pellegrino over an rsETH bridge exploit involving $292M, according to Cointelegraph.KelpDAO alleges LayerZero endorsed the bridge setup prior to the attack.Pellegrino has characterized the lawsuit as meritless, per Cointelegraph.- KelpDAO has filed a lawsuit against LayerZero and its CEO, Bryan Pellegrino, over the April 18 rsETH bridge exploit that drained $292 million, according to The Block.
- The suit alleges that LayerZero endorsed the bridge configuration in writing before the attack took place, according to The Block and Cointelegraph.
- Pellegrino has publicly dismissed the lawsuit as meritless, according to Cointelegraph.
- CoinDesk describes the exploit as the largest seen so far in 2026.
· summary · New information from a source
KelpDAO filed suit against LayerZero and its CEO over a $292M rsETH bridge exploit, claiming LayerZero endorsed the bridge setup before the attack.- KelpDAO has sued LayerZero and its CEO Bryan Pellegrino, alleging the bridge platform endorsed the setup exploited in an April 18 rsETH hack that drained $292 million.
· headline · New information from a source
KelpDAO sues LayerZero and CEO Bryan Pellegrino over $292M rsETH bridge exploit- KelpDAO Sues LayerZero and CEO Over $292M rsETH Bridge Exploit
Every change made to this story after publication is recorded here automatically. A factual error gets a correction as well, on the corrections page.
KelpDAO has filed a lawsuit against LayerZero and its CEO, Bryan Pellegrino, over the April 18 rsETH bridge exploit that drained KelpDAO sues LayerZero, CEO over $292M rsETH bridge exploit.
, according to The Block.
The suit alleges that LayerZero endorsed the bridge configuration in writing before the attack took place, according to The Block and Cointelegraph.
Pellegrino has publicly dismissed the lawsuit as meritless, according to Cointelegraph.
CoinDesk describes the exploit as the largest seen so far in 2026.
Sources: Cointelegraph, CoinDesk, The Block
This article is for information only and is not financial advice.
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Story so far 2 updates
- flashKelpDAO sues LayerZero and CEO Bryan Pellegrino over $292M rsETH bridge exploitfirst reported · 2 sourcescointelegraph.com · coindesk.com
- storyKelpDAO Sues LayerZero and CEO Over $292M rsETH Bridge Exploitupdate · 3 sourcescointelegraph.com · coindesk.com · theblock.co
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