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News · Crypto · Cointelegraph · Fri, Sep 25, 2026 9:00 AM

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

Image from the source feed · Cointelegraph

KelpDAO says LayerZero endorsed its bridge setup before the attack, while CEO Bryan Pellegrino has dismissed the lawsuit as meritless.

OpenBook market desk: KelpDAO says LayerZero endorsed its bridge setup before the attack, while CEO Bryan Pellegrino has dismissed the lawsuit as meritless.

Why this matters for multi-asset traders

The headline theme is "KelpDAO sues LayerZero, CEO over $292M rsETH bridge exploit". We reframe the story for readers tracking equities, FX majors and crypto liquidity - without copying the original wording.

Watch related price action on OpenBook movers and treat this note as information, not investment advice.

Based on reporting from Cointelegraph. Read the original.