September 25 , 2026
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Day: September 25, 2026

KelpDAO Takes Action: Sue Against LayerZero Following $292M rsETH Exploit!

By Finley AdamsIn NFT TrendsPosted

Highlights KelpDAO alleges LayerZero's security shortcomings led to a $292 million exploit of its rsETH bridge. The lawsuit names LayerZero's CEO and engages in a broader debate about security responsibilities in DeFi. The fallout from the incident highlights critical discussions about verification processes and security protocols in decentralized finance. Introduction...