TREE NEWS update: Evercrest, the developer behind KelpDAO, has sued LayerZero over a $292 million bridge exploit. Evercrest says LayerZero approved the single-verifier configuration in writing multiple times, then warned a different developer about it. The suit centers on LayerZero’s role in the configuration that preceded the loss.
KelpDAO Developer Evercrest Sues LayerZero Over $292M Bridge Exploit
The dispute turns on written approvals rather than the exploit mechanics, which reframes a technical failure as a question of who owned the risk in the verification setup. That matters well beyond these two parties: single-verifier designs are common across bridge and restaking infrastructure, and liability for them has largely gone untested. Whether the written-approval claim holds, and whether verifier-configuration responsibility shifts toward the layer providing it, is the open question for every team relying on similar arrangements.
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