Ethena has announced the extension of the temporary suspension of its OFT cross-chain bridge due to the lack of a clear root cause analysis of the rsETH event. In a recent update, Ethena released its latest proof of reserves, verified by Chainlink, Chaos Labs, LlamaRisk, and Harris & Trotter, confirming that the USDe collateralization rate remains above 100%. The company assured stakeholders that it will continue to provide updates on the situation.
Ethena Extends OFT Cross-Chain Bridge Suspension Amid rsETH Event
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