hack or exploit

Evercrest Files BC Civil Claim Against LayerZero and Pellegrino, CEO Says

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KelpDAO filed a British Columbia civil claim against LayerZero Labs and co-founder Bryan Pellegrino over a $292 million hack. Pellegrino identified Evercrest as KelpDAO in a separate public statement and said he would defend himself in Vancouver, while also calling the claim meritless or baseless.

Key claims & sources

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Pellegrino publicly identified Evercrest as KelpDAO and said he would defend himself in Vancouver.
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Pellegrino also described the claim as meritless.
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KelpDAO filed a civil claim in British Columbia against LayerZero Labs and co-founder Bryan Pellegrino over a $292 million hack.

What it means

Users and counterparties following LayerZero and KelpDAO now face an active British Columbia civil claim tied to the $292 million hack, and Pellegrino has said he will defend himself in Vancouver. That means the dispute is no longer just a public exchange of accusations; it is now in a court setting where the named parties are directly involved.

Before this filing, Pellegrino had already publicly identified Evercrest as KelpDAO and rejected the claim as meritless or baseless. What changes in practice is that the dispute now has a civil case attached to it in British Columbia, while the public naming of Evercrest and KelpDAO remains part of the record.

What remains unknown is how the British Columbia court will deal with the claim and what the filing says in full beyond the details released so far. A more complete picture would come from the full civil claim, any response from LayerZero or Pellegrino, and the court’s next steps.

Market reaction i

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Coverage timeline

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Sep 24 23:54

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