KelpDAO sues LayerZero and CEO over $292M rsETH bridge exploit

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CoinDesk Staff

(08:58 AM UTC)

1 min read

Verified byDavid Kim

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KelpDAO sues LayerZero, blaming them for the largest DeFi exploit this year. (Sasun Bughdaryan/Unsplash)

KelpDAO filed a lawsuit against LayerZero and its co-founder, blaming the universal bridge protocol for the largest exploit of this year, which drained $292 million and triggered one of the largest DeFi runs in crypto history, according to a post on X on Thursday.

“The exploit was a direct…