Morpho announced that, shortly after the recent events involving Kelp DAO and the LayerZero Bridge, the Morpho Association has temporarily suspended the OFT cross-chain bridge for the MORPHO token on Arbitrum as a precautionary measure. Morpho stated that the Arbitrum cross-chain functionality will remain suspended until the root cause of the rsETH incident is identified.
Morpho Pauses Arbitrum MORPHO OFT Cross-Chain Bridge
TechFlowShare
Summary
Morpho has paused the Arbitrum MORPHO OFT cross-chain bridge, citing recent on-chain developments involving Kelp DAO and the LayerZero Bridge. This decision follows the rsETH incident, with no timeline provided for resuming operations. New token listings remain unaffected for now.
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