Sky, formerly known as MakerDAO, has temporarily halted the cross-chain bridge functionality for its fully on-chain fungible token, USDS. This decision, announced on April 19, aims to evaluate the potential impact of a recent security incident involving rsETH. Despite the suspension, Sky assured that its protocol and the USDS contract remain secure and unaffected. The USDS token continues to be fully collateralized, with its status verifiable on the blockchain at any time.
Sky Suspends USDS Cross-Chain Bridge Following rsETH Security Issue
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
