LayerZero blames KelpDAO after $290 million exploit, Zach Rynes argues

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LayerZero deflects bridge exploit blame

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Daria Chernytska

20.04.2026

LayerZero blames KelpDAO after $290 million exploit, Zach Rynes argues — LayerZero deflects bridge exploit blame

A major bridge exploit linked to LayerZero's DVN node infrastructure has resulted in losses of $290 million.

Zach Rynes claims that LayerZero is shifting responsibility for the incident, asserting that their own DVN node infrastructure was compromised and caused the exploit. He further states that LayerZero is placing blame on KelpDAO for relying on this setup, which was reportedly supported and only later blocked by LayerZero Labs.

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Rynes has previously covered major crypto infrastructure milestones. In December, he reported that NYSE-listed LINK ETFs accumulated 1.5% of the circulating supply and $100 million in net inflows since launch, according to his analysis of ETF data. More recently, Rynes noted that Coinbase adopted Chainlink to publish proprietary data onchain, as detailed in his report on the exchange's integration.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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