KelpDAO Files Civil Claim Lawsuit Against LayerZero

Odaily reports: LayerZero Labs co-founder and CEO Bryan Pellegrino posted on X platform that KelpDAO has filed a civil claim lawsuit against him and LayerZero. Bryan Pellegrino stated that the claim is baseless and that he will face them in court in Vancouver to defend himself.

It is reported that in April of this year, KelpDAO suffered a hack resulting in losses exceeding $292 million. The attacker used social engineering tactics to compromise a LayerZero developer account. Because KelpDAO employed a "single-verifier" configuration, the target contract executed asset release upon receiving only a single valid signature, leading to the theft of rsETH.