KelpDAO Sues LayerZero Over $292M rsETH Exploit, Turning a DeFi Feud Into Court Battle

1 week ago 3

Rommie Analytics

Key Takeaways:

KelpDAO is suing LayerZero and co-founder Bryan Pellegrino for the April attack that resulted in 116,500 rsETH valued at approximately $292 million.
According to KelpDAO, LayerZero has not reported key vulnerabilities; nor have it made efforts to secure its infrastructure used by its verification system.
LayerZero has walked back KelpDAO’s claim, citing its 1-of-1 DVN settings as a factor in the exploits.

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