Ethena Extends Suspension of LayerZero OFT Cross-Chain Bridge

Ethena has announced an extension of the suspension of the LayerZero OFT cross-chain bridge. According to BlockBeats, this decision comes as Ethena has yet to receive a satisfactory root cause analysis of the rsETH incident. In the meantime, Ethena has released its latest proof of reserves, verified by four independent third-party organizations: Chainlink, Chaos Labs, LlamaRisk, and Harris & Trotter. These verifications confirm that the collateralization rate of USDe remains above 100%. The results have been made publicly available on Ethena's transparency page and data dashboard. Ethena has committed to providing ongoing updates as the situation develops.