LayerZero Faulted for $1 Million Crypto Loss
KelpDAO has filed a new lawsuit against LayerZero, claiming that an April exploit was 'direct result of LayerZero's failures.'
The lawsuit, which is ongoing, alleges that LayerZero's issues led to the loss of approximately $1 million in cryptocurrency.
KelpDAO claims that the issue occurred due to a bug in LayerZero's code, which allowed hackers to exploit and steal funds from the protocol.