KelpDAO Firm Sues Layerzero Over $292 Million Bridge Exploit

Evercrest Technologies, the company behind KelpDAO, has filed a civil claim in British Columbia naming Layerzero Labs and its CEO, Bryan Pellegrino, as defendants, according to Bitcoin.com News.

The case follows an attack five months earlier on a bridge using Layerzero technology. Attackers induced the bridge to release 116,500 rsETH, valued at roughly $292 million, without a corresponding token burn.

The filing brings the dispute over responsibility for the exploit into court. The available report excerpt does not specify the legal claims, the relief sought or any response from the defendants.