Legal Notice

Terms of Service & Privacy

By accessing or using Philidor Analytics, the Philidor API, and any other Philidor website, application, or service, you agree to be bound by our Terms of Service and Privacy Policy, including a binding arbitration clause, class-action waiver, and limitation of liability.

Philidor Labs LLC publishes data and analytics only. We are not investment advisers, broker-dealers, commodity trading advisors, transfer agents, or money transmitters.

If you do not agree, please close this tab and do not use the Services.

Philidor AnalyticsPhilidor Analytics
Back to Events
Philidor Analytics

Independent risk infrastructure for on-chain capital. Real-time, independent vault analytics with open data.

Product

  • Vaults
  • Protocols
  • Baskets
  • Assets
  • Oracles
  • Tokenized funds
  • PoR

Resources

  • Documentation
  • Methodology
  • FAQ

Legal

  • Privacy Policy
  • Terms of Service
  • Disclaimer

© 2026 Philidor Analytics. All rights reserved.

Data provided for informational purposes only. Not financial advice.

Vaults
Protocols
Markets
Baskets
Assets
Events
Live eventsLoss board
Oracles
Tokenized funds
PoR
Back to Events
CriticalIncident
Sep 26, 2026

KelpDAO Sues LayerZero Over $292M rsETH Bridge Exploit

RSETH
Active

The incident remains unresolved; it stays active until recovery evidence supports closure.

What Happened

Evercrest Technologies, the company behind KelpDAO, has filed a civil claim against LayerZero entities and co-founder Bryan Pellegrino. The lawsuit concerns the April exploit that drained 116,500 rsETH, worth about $292 million at the time. KelpDAO alleges LayerZero reviewed and endorsed the bridge configuration later blamed for the attack; those claims have not been proven in court. The company behind KelpDAO has taken its dispute with LayerZero into court, filing a civil claim over the April bridge exploit that cost the restaking protocol roughly $292 million. Evercrest Technologies filed the case in the Supreme Court of British Columbia against LayerZero Labs Ltd., LayerZero Labs Canada Inc. and co-founder Bryan Pellegrino. The allegations include negligence, negligent misrepresentation and defamation. The Dispute Centers On A 1-of-1 Security Configuration The underlying exploit involved 116,500 rsETH moved through a bridge connecting KelpDAO infrastructure with Unichain. At the ... This incident is based on a third-party report. Philidor has not independently confirmed a loss amount or an on-chain transaction.

Impact

Affected AssetRSETH
Scopeprotocol
Incident Severitymajor
ResolutionUnresolved

Resources

Source report

Provenance & Methodology

Producercryptominute-news
Verificationnot available

Published Philidor event record; verification evidence was not preserved for this legacy event.

Timeline

OccurredSep 26, 2026, 7:30 PM
DetectedSep 26, 2026, 7:36 PM
RecordedSep 26, 2026, 7:36 PM