KelpDAO Developer Sues LayerZero Over $292M Bridge Exploit: Exploit
Evercrest says LayerZero approved the single-verifier configuration in writing multiple times, then warned a different developer about it.
StatusConfirmed
Reported loss$292.0M
ChainNot specified
Confidence80%
Evidence boundary
Confidence describes the coverage of the available evidence. It is not a safety rating and does not guarantee that a protocol or asset is safe.
Sources
- https://cointelegraph.com/news/kelpdao-layerzero-lawsuit-rseth-exploit
- https://crypto.news/kelpdao-sues-layerzero-over-292m-rseth-exploit/
- https://cryptobriefing.com/kelpdao-developer-sues-layerzero-ceo-over-292-million-exploit-and-blame-shifting/
- https://decrypt.co/379288/kelpdao-developer-sues-layerzero-over-292m-bridge-exploit
- https://www.coindesk.com/business/2026/09/25/kelpdao-sues-layerzero-for-the-largest-exploit-2026-has-seen-so-far
- https://www.theblock.co/news/regulation/2026-09-25-kelpdao-sues-layerzero-claims-it-endorsed-setup-used-in-292-million-rseth-exploit-416361
Record history
First seen: 2026-09-25T05:51:00.000Z. Last updated: 2026-09-25T17:04:39.471Z. Revision: 1.