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Company

LayerZero Labs

Cross-chain messaging protocol company announcing the ATLAS exchange and the Zero Layer 1; valued at $3 billion in a 2023 round.

Known aliases

  • LayerZero
  • LayerZero Labs Canada Inc.
  • LayerZero Labs Ltd.

Current stories

buildOne report1 publisher

Kelp DAO sues LayerZero in British Columbia over the $292M rsETH bridge exploit

Kelp DAO has sued LayerZero Labs and co-founder Bryan Pellegrino for negligence and misrepresentation over April's $292 million rsETH bridge exploit. The forged message cleared a bridge that trusted one LayerZero-run verifier, so the case tests who answers for that setup.

Publishers:dev.to

Reality

Evidence35
Adoption
Not scored
Hype gap+15
Incentives60
Confidence35
investConfirmed4 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
investOne report1 publisher

LayerZero's STG conversion window shuts on December 15 at a rate fixed in 2025

The 0.08634 ZRO per STG rate has been on offer since the 2025 acquisition and expires for good on December 15, 2026. Stargate drops every transaction mode except Taxi on October 1, 75 days earlier.

Reality

Evidence45
Adoption
Not scored
Hype gap+12
Incentives60
Confidence50
investOne report1 publisher

LayerZero's ATLAS sells settlement plumbing to compliance teams, not traders

Citadel Securities and DTCC are named on a blockchain exchange no retail user will touch. The work described so far is exploratory, and the launch window is fall 2026.

Reality

Evidence24
Adoption14
Hype gap+58
Incentives74
Confidence44