Security· ★★★★· bearish·

KelpDAO sues LayerZero over $292 million bridge exploit

  • —KelpDAO accuses LayerZero of concealing bridge vulnerabilities that led to the $292 million theft
  • —Hackers drained 116,500 rsETH on April 22, about a fifth of the token's supply
  • —Aave borrowed $300 million to cover withdrawals as DeFi TVL fell by $20 billion
  • —Pellegrino said the Evercrest lawsuit will be heard in Vancouver
Why it matters: The lawsuit sets a precedent for infrastructure protocol liability in exploits and could reshape risk assessments for cross-chain bridges.
#AAVE
Source: CoinSpot
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