LayerZero faces $292 million lawsuit as $15 billion of assets shift to Chainlink
A lawsuit over a $292 million bridge hack has prompted projects holding roughly $15 billion to move from LayerZero to Chainlink’s CCIP.
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KelpDAO
Every story we have filed on KelpDAO.
3 stories
KelpDAO Files Lawsuit Against LayerZero Over $292 Million rsETH Bridge Hack
KelpDAO has sued LayerZero and its CEO Bryan Pellegrino for allegedly enabling the April exploit that drained roughly $292 million from its rsETH bridge.
KelpDAO Sues LayerZero Over $292 Million Cross-Chain Exploit
KelpDAO alleges LayerZero’s undisclosed weaknesses allowed a $292 million exploit that drained rsETH and wiped $20 billion from DeFi TVL.