Evercrest alleges LayerZero endorsed KelpDAO’s 1-of-1 bridge setup before a $292M rsETH exploit. Filing claims negligent misrepresentation, negligence, and defamation.
$PHA just saw a short liquidation around $5K near $0.08004.
That suggests some short positions were caught around this level. The key thing now is whether buyers can keep the price above the liquidation area and build momentum, or if the move gets rejected and shorts regain control.
Watching the reaction around $0.08004 closely. 👀#NFT protocol security breach #Meta AI Agent shopping clash #KelpDAO sues LayerZero over rsETH exploit
$AERO had a larger long liquidation of about $8.77K around $0.83337.
That means leveraged longs were forced out near this level, adding some downside pressure. The important part now is whether price can stabilize after the flush or whether sellers continue pushing into lower liquidity.
$0.83337 is the key reaction zone to watch. 👀#NFT protocol security breach #Meta AI Agent shopping clash #KelpDAO sues LayerZero over rsETH exploit
Analysis: Short liquidation at $104.49 indicates forced selling of shorts around this level. With limited structure data, favor a cautious rejection setup rather than chasing.
Liquidation/Data: Short liquidation $5.8506K at $104.49356.
Support: $101.50
Resistance: $106.20
Entry: $103.80–$105.20
TP1: $101.80
TP2: $99.80
TP3: $97.50
SL: $106.50
Trigger: Rejection from $104.50–$106.20 followed by a breakdown below $103.80.
Invalidation: Sustained breakout and hold above $106.50.
NFA • DYOR
#Hyperliquid data feed launched #KelpDAO sues LayerZero over rsETH exploit #Brazil tightens VASP regulations #Shielded Bitcoin privacy proposal #Prediction markets face regulatory scrutiny
Analysis: Short liquidation at $104.49 indicates forced selling of shorts around this level. With limited structure data, favor a cautious rejection setup rather than chasing.
Liquidation/Data: Short liquidation $5.8506K at $104.49356.
Support: $101.50
Resistance: $106.20
Entry: $103.80–$105.20
TP1: $101.80
TP2: $99.80
TP3: $97.50
SL: $106.50
Trigger: Rejection from $104.50–$106.20 followed by a breakdown below $103.80.
Invalidation: Sustained breakout and hold above $106.50.
NFA • DYOR
#Hyperliquid data feed launched #KelpDAO sues LayerZero over rsETH exploit #Brazil tightens VASP regulations #Shielded Bitcoin privacy proposal #Prediction markets face regulatory scrutiny
🔻 VIP SHORT SIGNAL
15M structure has turned bearish with consecutive lower highs and lower lows. Price is losing the 0.00359 support, keeping downside momentum active.
EP: 0.00320–0.00330
TP1: 0.00300
TP2: 0.00284
TP3: 0.00265
SL: 0.00352
⚡ Maintain bearish bias below 0.00352. Strict risk management.#Ethena Buys Back Seed ENA and Ends Future VC Unlocks in Four Ecosystem Overhauls #Prediction markets face regulatory scrutiny #Shielded Bitcoin privacy proposal #Brazil tightens VASP regulations #KelpDAO sues LayerZero over rsETH exploit
KelpDAO has filed a lawsuit in British Columbia against LayerZero and co-founder Bryan Pellegrino over the April 2026 exploit that drained 116,500 rsETH worth $292 million from its cross-chain bridge. KelpDAO alleges LayerZero failed to disclose technology risks and prevent infiltration of its RPC infrastructure, which attackers used to forge messages in a 1-of-1 DVN setup that Kelp claims was LayerZero-approved and documented as default. Pellegrino called the claims meritless and stated he will defend himself and LayerZero; the suit follows months of public blame-shifting and KelpDAO’s migration of rsETH bridging to Chainlink.
⚡ KELP DAO FILES LAWSUIT AGAINST LAYERZERO 🔸 April 18, 2026 న LayerZero $ZRO డెవలపర్ keys మరియు RPC క్లౌడ్ ఎన్విరాన్మెంట్ను హాకర్లు బ్రీచ్ చేయడం వల్ల #KelpDAO నుండి $292M worth rsETH ఎక్స్ప్లాయిట్ అయ్యాయి. 🔸 ఈ సెక్యూరిటీ ఫెయిల్యూర్ మరియు negligent misrepresentation పై Kelp DAO ఆపరేటర్స్ ఇప్పుడు కెనడాలోని British Columbia Supreme Court లో LayerZero మరియు దాని CEO పై లీగల్ కేస్ ఫైల్ చేశారు.
🚨 KELPDAO SUES LAYERZERO $ZRO AND CEO BRYAN PELLEGRINO OVER THE $292M $rsETH EXPLOIT, THE LARGEST DEFI HACK OF 2026 SO FAR
KelpDAO Files Lawsuit Against LayerZero, CEO Over $292M rsETH Exploit KelpDAO has escalated its legal fight over a major cross-chain bridge exploit by filing a lawsuit against LayerZero, alleging that shortcomings in LayerZero’s security infrastructure helped enable the thef...
