Coinraftar reports that KelpDAO operator Evercrest Technologies has sued LayerZero Labs and CEO Bryan Pellegrino in British Columbia over an April exploit that drained 116,500 rsETH worth about $292 million. KelpDAO says LayerZero approved its bridge configuration, while LayerZero argues the 1-of-1 verifier setup created a single point of failure. Pellegrino called the claim "meritless." The attack involved a forged cross-chain message after an attacker compromised LayerZero's verifier infrastructure. Coinraftar notes the lawsuit alleges LayerZero failed to disclose risks and did not adequately secure its verifier. Full story on Coinraftar. Homepage Link: https://www.coinraftar.com/ Target Link: https://www.coinraftar.com/crypto/kelpdao-sues-layerzero-over-292m-rseth-exploit-and-bridge-security/