Renzo responds to MetaMask security incident: Basis risk and liquidity are fully verifiable on-chain, currently only 214.75 stETH in the withdrawal queue.

BlockBeats news, October 1: In response to the MetaMask infrastructure security incident, Renzo Finance stated that the risk and liquidity of its latest product, Renzo Basis, will not be concentrated in stablecoins or vaults, and can be fully verified through on-chain data. Therefore, users do not need to rely on trust in Renzo to confirm that they have not been affected by the incident.

Renzo stated that ezETH has been backed solely by native ETH since April 2026. Currently, only 214.75 stETH (0.5%) in the withdrawal queue has a valid claim.

Previously, MetaMask said it was handling a security incident affecting some infrastructure and that no immediate threat to the MetaMask wallet had been found so far. As a precaution, MetaMask is coordinating with customers, partners, and security advisors to proactively exit affected validators in its non-custodial staking business and will announce further updates in due course.