According to Huoxing Finance, ether.fi posted on X that, following guidance from its security partners, it will restore the LayerZero bridging functionality for weETH and eETH within the next 24 hours. Previously, ether.fi confirmed that its Liquid Vault was not directly exposed to the risk associated with the Kelp rsETH incident; however, as a precautionary measure, it suspended the LayerZero cross-chain bridging for weETH and eETH until the root cause of the Kelp rsETH incident is fully understood. Meanwhile, for the Liquid (ETH, BTC, USD), sETHFI, and eBTC products, the relevant Teller contracts have been paused to block the LayerZero OFT bridging pathways, and deposit and withdrawal functions for these assets have also been temporarily halted. ether.fi is currently working closely with its security partners.
ether.fi to Resume LayerZero Bridge for weETH and eETH Within 24 Hours
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Summary
ether.fi announced on X that it will resume the LayerZero bridge for weETH and eETH within 24 hours, following on-chain analysis and security assessments. The platform had temporarily paused the bridge after a security incident raised concerns, despite confirming that its Liquid Vaults were not directly impacted by the Kelp rsETH incident. Teller contracts for ETH, BTC, USD, sETHFI, and eBTC have also been paused to block the LayerZero OFT bridge pathway. The platform is collaborating with security partners to ensure system stability.
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