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The complaint says $2.76 million has sat frozen in the payments firm's operating wallet since September 2025 over a Brazilian investigation that Brazilian police say never flagged it. It follows a $42.4 million claim brought on much the same theory five weeks earlier.
Evercrest Technologies filed in the Supreme Court of British Columbia, alleging LayerZero approved its single-verifier bridge configuration in writing and warned another integrator about the same risk without warning Kelp. The claim adds a defamation count over LayerZero's post-exploit statements and seeks Evercrest's own losses rather than the full $292 million.
None of them ever signed up for Binance. A Florida judge sent them to arbitration anyway. On appeal, the Eleventh Circuit found the district court had 'misread the complaints' and freed the plaintiffs to sue in federal court.
The Trump-family crypto firm filed a defamation suit against Justin Sun in Florida state court two weeks after Sun sued it for fraud — turning a token-freeze dispute worth roughly $240 million into a contested public trial.
Under Chair Paul Atkins and Crypto Task Force head Hester Peirce, the Securities and Exchange Commission dropped or settled numerous enforcement actions from the prior administration by mid-2025.
