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.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Following the sweep in U.S. midterm elections, House Democrats are actively discussing plans to introduce…
Ripple has had one of its busiest stretches in years. It won a national trust…
The chart points to a clear problem for ASTER: the price is tightening, but buyers…
Ethereum’s latest rally looks encouraging. But the derivatives market is flashing a warning that traders…
Binance BTC outflows exceeded the reported amount stolen during the exchange's recent security incident. Between…
Ethereum price has staged a strong rebound, climbing more than 7%, reclaiming the $2,400 mark…
