KelpDAO developer sues LayerZero over $292M bridge exploit, Decrypt reports
A lawsuit over a $292 million bridge exploit
A developer behind KelpDAO has sued LayerZero over a bridge exploit tied to $292 million, according to a Decrypt report dated September 25, 2026.
The report's supplied text did not include the article body. Only the headline, the publication date and the article link were available, so the details below are limited to what those elements state.
A bridge in crypto is a service that moves assets between different blockchains. The headline describes the event as an exploit, meaning funds were taken improperly.
What the Decrypt headline states
- The person or team described is a KelpDAO developer.
- The filing is against LayerZero.
- The dispute concerns a bridge exploit.
- The headline puts the amount at $292 million.
- The report was published on September 25, 2026.
What is confirmed
The only confirmed facts from the supplied material are that Decrypt published a report with that headline on that date, and that the headline names KelpDAO, LayerZero, a lawsuit and a $292 million bridge exploit.
What is still unclear
Many basic questions are unanswered in the supplied material. These include which court received the filing, when it was filed, the specific legal claims, the exact allegations against LayerZero, whether LayerZero has responded, and whether either party has commented publicly. The source text also does not explain how the $292 million figure was calculated or whether that amount was confirmed by any party.
Sources
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.