TechNearly $15B leaves LayerZero as $292M lawsuit puts its security model on trial
Evercrest Technologies, behind KelpDAO, sued LayerZero Labs, its Canadian affiliate and CEO Bryan Pellegrino in British Columbia over April’s $292 million rsETH exploit. The claim alleges negligent misrepresentation, negligence and defamation; Pellegrino calls it meritless. Projects tied to about $14.5 billion have announced moves to Chainlink CCIP, as the court is asked to resolve responsibility for the breach.
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CryptoSlate★★☆☆☆2026-09-26 13:30Original
Nearly $15B leaves LayerZero as $292M lawsuit puts its security model on trial
Tech