Ethena Extends LayerZero OFT Cross-Chain Bridge Suspension Period

BlockBeats News, April 20. According to an official post from Ethena, due to the unsatisfactory root cause analysis of the rsETH incident, Ethena has decided to extend the suspension period of the LayerZero OFT cross-chain bridge. Meanwhile, Ethena has released the latest Proof of Reserve, verified by four independent third-party entities: Chainlink, Chaos Labs, LlamaRisk, and Harris & Trotter. The audit confirms that the USDe collateralization ratio remains above 100%. The results have been publicly disclosed on their transparency page and data dashboard. Ethena has stated that they will continue to monitor the situation and provide further updates.