KelpDAO sues LayerZero over $292M exploit in cross-chain attack

KelpDAO has filed a civil lawsuit against LayerZero and its CEO Bryan Pellegrino following an exploit that led to losses exceeding $292 million. The attack involved social engineering to compromise a LayerZero developer account, which then allowed theft from KelpDAO's rsETH setup due to a single verifier vulnerability. Pellegrino denies the claims and plans to defend himself in court in Vancouver. This legal dispute highlights risks in cross-chain infrastructure security and could impact future regulatory scrutiny in the crypto sector.

The KelpDAO civil claim against LayerZero follows a major $292 million hack, providing context for crypto market activity. For readers following cryptocurrency trends, here is Pluang's market snapshot as of Sep 25, 2026 06:52 WIB: out of 50 major cryptocurrencies, 42 rose and 7 fell today. Notable movers include COMP at Rp430.524 with a 10.39% gain and 99% buy order activity, SNX at Rp4.558 up 10.31% with 93% sell orders, and ALGO at Rp2.018 rising 8.32% with 82% sell orders.

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