• Home
  • Privacy Policy
  • Terms and Conditions
  • DMCA
  • Disclaimer
  • Contact us
Friday, September 25, 2026
No Result
View All Result
NEWSLETTER defal
Lebanon Hub
NEWSLETTER
  • Home – Lebanon hub
    • About us
    • Radio & Live Hosting
      • Home
      • Podcast
      • About us
      • Contact us
  • Blog
    • Submit Blog
  • News
    • International
      • Lebanon
      • Australia
      • Sports
      • Tech
      • Cyber Security
      • Music
      • Celebrity
      • TV
      • Movies
    • Gaming
      • Reviews
      • XBOX
      • PlayStation
      • PC
      • Mobile
      • New Released
      • Popular
    • Cryptocurrency
      • Blockchain
      • Bitcoin
      • Altcoin
      • Exchange
      • Startups
      • Ethereum
      • Litecoin
  • Business
    • Business Dashboard
    • Add New Business
  • Events
    • Event Dashboard
  • Apply Job
    • All Jobs
    • All Resumes
  • Contact us
  • Sign in
  • Sign up
  • Home – Lebanon hub
    • About us
    • Radio & Live Hosting
      • Home
      • Podcast
      • About us
      • Contact us
  • Blog
    • Submit Blog
  • News
    • International
      • Lebanon
      • Australia
      • Sports
      • Tech
      • Cyber Security
      • Music
      • Celebrity
      • TV
      • Movies
    • Gaming
      • Reviews
      • XBOX
      • PlayStation
      • PC
      • Mobile
      • New Released
      • Popular
    • Cryptocurrency
      • Blockchain
      • Bitcoin
      • Altcoin
      • Exchange
      • Startups
      • Ethereum
      • Litecoin
  • Business
    • Business Dashboard
    • Add New Business
  • Events
    • Event Dashboard
  • Apply Job
    • All Jobs
    • All Resumes
  • Contact us
  • Sign in
  • Sign up
No Result
View All Result
Lebanon Hub
No Result
View All Result

KelpDAO Sues LayerZero Over $292M rsETH Exploit

September 25, 2026
in Blockchain
0
Home Blockchain
0
VIEWS
Share on FacebookShare on Twitter



KelpDAO has filed a lawsuit against cross-chain protocol LayerZero following the roughly $292 million exploit of its rsETH bridge earlier this year, alleging that failures in LayerZero’s security infrastructure contributed to the attack.

KelpDAO said Friday that LayerZero failed to disclose risks in its technology or prevent attackers from compromising its infrastructure. It also alleged that LayerZero had reviewed and endorsed its deployment and configuration in writing before the exploit.

The lawsuit also names LayerZero co-founder and CEO Bryan Pellegrino.

“Our number one priority has always been and will remain the security of our users’ assets,” Kelp wrote. “But we also need to correct the record, and hold LayerZero and Mr. Pellegrino accountable for the harm they have caused us and the broader DeFi ecosystem.”

Pellegrino called the claim “meritless” and said he would defend the case in Vancouver. 

The lawsuit escalates a months-long dispute over whether the loss was caused by the compromise of LayerZero’s infrastructure, KelpDAO’s bridge configuration, or both.

Cointelegraph contacted LayerZero for further comment, but did not receive a response before publication.

Kelp and LayerZero have disputed responsibility since April

The April 18 attack resulted in the theft of 116,500 rsETH, worth about $292 million at the time, from Kelp’s LayerZero-powered bridge. 

In its final incident report, LayerZero said attackers compromised its internal nodes and caused its verifier to approve a forged cross-chain message. It argued that the loss was possible because Kelp’s bridge relied on a single LayerZero decentralized verifier network (DVN) as its only verification path.

Related: Recovery hopes fade as Kelp DAO hacker launders nearly all $220M in stolen funds

With no second independent verifier required, the bridge released the rsETH after receiving LayerZero’s verifier approved the forged message. LayerZero said it had recommended using multiple DVNs and subsequently stopped acting as the sole required verifier for applications.

Kelp has disputed LayerZero’s account of responsibility. In May, it said its DVN configuration had previously been discussed with LayerZero and “confirmed as secure,” while accusing LayerZero of failing to adequately warn it about the risks. Kelp subsequently announced plans to migrate the rsETH bridge to Chainlink’s Cross-Chain Interoperability Protocol.

Magazine: Winners and losers of the SEC’s new tokenized stocks rules

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.



Source link

Next Post

NYX x Roadster, how come no one "nyx"ed the idea?

Beirut, LB
28°
Partly Cloudy
06:2218:40 EEST
Feels like: 30°C
Wind: 11km/h SW
Humidity: 58%
Pressure: 1011.18mbar
UV index: 7
SatSunMon
30°C / 25°C
31°C / 26°C
31°C / 26°C
powered by Weather Atlas

Recent News

MEXC Returns to TOKEN2049 Singapore as Platinum Sponsor with Interactive Experiences and Industry Conversations

September 25, 2026

Stablecoin Cross-Border Flows Surge 78% to $220,300,000,000 Amid Crypto Bear Market

September 25, 2026

Slayers 2 Permit Stamp Location [Unlocking Fishing] – Gamezebo

September 25, 2026

The Future of Marathon

September 25, 2026

Grand Theft Auto VI The Goodtime State — Vice City Collection Costs $400 And Doesn’t Include The Game

September 25, 2026

My first MMO character #6: Jacob Ridley

September 25, 2026

The latest Stardew Valley hint is cryptic, and we’re struggling to suss it out

September 25, 2026

Brooke Hogan Opens Up About The ‘Enormous Betrayal’ Of Dad Hulk Sleeping With Her Close Friend

September 25, 2026
Lebanon Hub

Get the Latest Lebanon News and world News on LebanonHub.com. Local News, Sports, Technology, Music, Celebrity, Gaming News and Cryptocurrency Updates.

Category

  • Altcoin
  • Australia
  • Bitcoin
  • Blockchain
  • Celebrity
  • Cyber Security
  • Ethereum
  • Exchange
  • Litecoin
  • Local News
  • Mobile
  • Movies
  • Music
  • New Released
  • PC
  • PlayStation
  • Reviews
  • Sports
  • Startups
  • Technology
  • TV
  • XBOX

Recent News

MEXC Returns to TOKEN2049 Singapore as Platinum Sponsor with Interactive Experiences and Industry Conversations

September 25, 2026

Stablecoin Cross-Border Flows Surge 78% to $220,300,000,000 Amid Crypto Bear Market

September 25, 2026
  • Home
  • DMCA
  • Disclaimer
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Lebanon Hub.

No Result
View All Result
  • Home – Lebanon hub
    • About us
    • Radio & Live Hosting
      • Home
      • Podcast
      • About us
      • Contact us
  • Blog
    • Submit Blog
  • News
    • International
      • Lebanon
      • Australia
      • Sports
      • Tech
      • Cyber Security
      • Music
      • Celebrity
      • TV
      • Movies
    • Gaming
      • Reviews
      • XBOX
      • PlayStation
      • PC
      • Mobile
      • New Released
      • Popular
    • Cryptocurrency
      • Blockchain
      • Bitcoin
      • Altcoin
      • Exchange
      • Startups
      • Ethereum
      • Litecoin
  • Business
    • Business Dashboard
    • Add New Business
  • Events
    • Event Dashboard
  • Apply Job
    • All Jobs
    • All Resumes
  • Contact us
  • Sign in
  • Sign up

Copyright © 2022 - Lebanon Hub.