KelpDAO has filed a lawsuit against cross-chain protocol LayerZero and its CEO, Bryan Pellegrino, over a $292 million exploit involving the rsETH bridge, according to Cointelegraph. The decentralized finance project alleges that LayerZero endorsed its bridge setup before the attack. The claim places responsibility for the bridge’s design and pre-exploit assurances at the center of the dispute. Pellegrino has rejected the lawsuit, describing it as meritless. The case could draw attention across crypto markets because LayerZero’s ZRO token and Ethereum, the network associated with rsETH, are among the assets linked to the report. No further details about the legal claims or the requested remedies were provided in the source material.
Source
Cointelegraph
Written by Moneyiar based on reporting from the cited source and Moneyiar market data.
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