Ethena Extends Suspension of LayerZero OFT Cross-Chain Bridge

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On April 20, 2026, Ethena announced that the suspension of the LayerZero OFT cross-chain bridge has been extended due to the ongoing absence of a satisfactory root cause analysis for the rsETH incident. A new reserve proof was released, confirming that USDe’s collateralization ratio remains above 100%. The analysis was verified by Chainlink, Chaos Labs, LlamaRisk, and Harris & Trotter. On-chain data is publicly available on Ethena’s transparency page and data dashboard. Ethena stated it will continue monitoring the situation and providing updates.

BlockBeats report, on April 20, Ethena announced that, due to the lack of a satisfactory root cause analysis regarding the rsETH incident, it has decided to extend the suspension of the LayerZero OFT cross-chain bridge. Meanwhile, Ethena released its latest proof of reserves, verified by four independent third-party institutions—Chainlink, Chaos Labs, LlamaRisk, and Harris & Trotter—confirming that the collateralization ratio of USDe remains above 100%. The results have been published on its transparency page and data dashboard. Ethena stated that it will continue to monitor the situation and provide updates.

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