Nearly $15B is moving off LayerZero, now a $292M lawsuit puts its security model on trial

10 outlets reporting

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$292M

hack lawsuit

$ZRO

$1.60

+3.9%

Evercrest Technologies, the company behind KelpDAO, has sued LayerZero Labs, its Canadian affiliate, and CEO Bryan Pellegrino in British Columbia over April's $292 million rsETH exploit. The claim alleges negligent misrepresentation,…