# LayerZero Labs Ltd.

Type: Company

Source: Legal & RegTech Intelligence Brief — https://getlegalbrief.com/entity/layerzero-labs-ltd
Canonical HTML page: https://getlegalbrief.com/entity/layerzero-labs-ltd

## Timeline

- **2026-09-23**: Civil claim filed — Evercrest Technologies files a notice of civil claim in the Supreme Court of British Columbia against LayerZero and Bryan Pellegrino.
- **2025-04-18**: Bridge exploit drains $292M — Attacker disables third-party nodes, causing the verifier to confirm 116,500 rsETH locked on Unichain when none were; tokens are minted unbacked. KelpDAO pauses bridges within about an hour.
- **2025-03-06**: Malware installed on developer machine — An attacker places malware on a LayerZero developer's computer and begins tampering with LayerZero nodes.
- **2025-01**: LayerZero risk statement — LayerZero says a compromised verifier could at most fail to verify a message correctly.
- **2024-03**: 1-of-1 verifier setup directed — LayerZero allegedly instructs Evercrest to use a 1-of-1 setup with LayerZero's own verifier.
- **2024-02**: LayerZero allegedly approves draft code — LayerZero tells KelpDAO's developer that its draft code is "good" and there is "[n]o problem" using the default configuration.

## Recent coverage (1 stories)

### $292M Lawsuit Tests Bridge Vendor Liability for DeFi Code Endorsements
2026-09-25 11:47:06 · Sentiment: Negative · Impact: 8/10 · Sources: 2

Evercrest's BC Supreme Court claim against LayerZero and its CEO puts bridge vendor liability, negligent misrepresentation, and personal executive liability on trial. The case will probe whether written code endorsements and social media posts create actionable duties.
Full story: https://getlegalbrief.com/story/kelpdao-layerzero-legal-vendor-liability

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