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Kelp DAO Sues LayerZero and CEO Bryan Pellegrino Over $292 Million rsETH Bridge Exploit

Unchained·September 25, 2026·1 min read
Kelp DAO Sues LayerZero and CEO Bryan Pellegrino Over $292 Million rsETH Bridge Exploit

Kelp DAO is suing LayerZero and CEO Bryan Pellegrino over a $292 million rsETH bridge exploit. Kelp alleges LayerZero approved the single-verifier setup attackers used in April, then blamed Kelp. Pellegrino called the claim meritless. The lawsuit highlights disputes over cross-chain bridge security and accountability.

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