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company

Evercrest Technologies

Company that develops and runs the KelpDAO restaking protocol.

Known aliases

  • Evercrest

Relationships

No evidence-backed relationships are recorded.

Current clusters

invest4 publishers

KelpDAO's developer sues LayerZero over the lone-verifier setup behind the $292 million rsETH exploit

Evercrest, the company behind KelpDAO, is suing LayerZero and CEO Bryan Pellegrino in British Columbia over the $292 million rsETH bridge exploit. Its negligence case rests on written 2024 assurances about a single verifier and on a risk warning it says LayerZero gave another customer.

Perspective Coverage

4 publishers
Builder
Builder 40%
Operator
Operator 32%
Investor
Investor 28%

Reality

Evidence55
Adoption40
Hype gap+15
Incentives70
Confidence60