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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].

May 5, 202610:52 PMNewsroom AI

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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