Kelp DAO Blames LayerZero for ~$300M rsETH Bridge Breach, Moves rsETH to Chainlink CCIP
Kelp DAO says LayerZero infrastructure caused a major rsETH bridge exploit and will migrate the token to Chainlink’s cross‑chain standard [1].
Kelp DAO has publicly blamed LayerZero’s cross‑chain messaging infrastructure for an April 18 exploit of the rsETH bridge and announced plans to migrate rsETH from LayerZero’s OFT standard to Chainlink’s cross‑chain standard (CCIP/CCT) to restore bridging functionality [1] [2] [3].
In a detailed rebuttal Kelp accused LayerZero of deflecting responsibility and said the cross‑chain provider had approved the setup later blamed for the breach, adding that LayerZero was "blaming users" for the incident in its own account of events [2] [4].
News reports place the size of the exploit between roughly $292 million and $300 million, and Kelp’s announcement comes as a related $71 million court fight continues to unfold [1] [4] [3].
The technical and legal dispute between Kelp DAO and LayerZero is ongoing while Kelp moves rsETH to Chainlink’s cross‑chain protocol to resume bridge operations [1] [2] [4].
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Citations
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- 1Kelp Blames LayerZero for $292 Million Hack, Plans Switch to ChainlinkDecrypt• May 5, 2026
- 2Kelp DAO Accuses LayerZero of Deflecting Blame for $300M Bridge HackThe Defiant• May 5, 2026
- 3Kelp DAO migrates to Chainlink CCIP after accusing LayerZero of security failureAMBCrypto• May 5, 2026
- 4KelpDAO blames LayerZero infrastructure for $292M rsETH hack, shifts to Chainlink CCIPCrypto Briefing• May 5, 2026
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