Evercrest Sues LayerZero Over $292 Million rsETH Exploit

Evercrest sued LayerZero over a $292 million rsETH exploit, challenging its single-verifier security setup. The British Columbia claim alleges that LayerZero's security model was insufficient. In response, projects tied to about $14.5 billion in assets announced moves to Chainlink's CCIP, signaling a shift toward more robust cross-chain security.