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Evercrest (KelpDAO) Files Civil Claim Against LayerZero and CEO Bryan Pellegrino
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
Evercrest (KelpDAO) has filed a civil claim in British Columbia against LayerZero and CEO Bryan Pellegrino over the April 2026 rsETH bridge exploit. KelpDAO alleges LayerZero failed to disclose technology risks or prevent its security infrastructure from being compromised after reviewing and approving KelpDAO’s deployment and configuration in writing. The exploit resulted in about 116,500 rsETH, worth roughly $292 million at the time, being stolen. Pellegrino called the claims meritless and said he would defend the case in Vancouver.
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