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ONFA is a fiat solution designed to allow anyone to participate in cryptocurrency investment. ONFA focuses on products such as storage, sending/receiving cryptocurrencies and supporting fiat currency transactions, paying directly with fiat currency in the wallet, shopping and spending, and payment custody.
Kelp: The theft was due to LayerZero's RPC nodes being compromised; the 1/1 DVN configuration is LayerZero's default setting
Odaily News Kelp DAO officially posted on X regarding the follow-up on the theft incident, stating that the cause was the compromise of two RPC nodes hosted by LayerZero, while the third RPC node suffered a DDoS attack. This was an attack targeting LayerZero's infrastructure; Kelp's own systems were not involved in the construction or operation of this infrastructure.The 1/1 DVN configuration is the scheme documented in LayerZero's documentation and is the default setting for all new OFT deployments. Kelp has been operating on LayerZero's infrastructure since January 2024 and has maintained open communication with the LayerZero team. During Kelp's expansion to Layer2, the DVN configuration was discussed, and the default configuration was explicitly confirmed as appropriate at that time.Kelp's current top priority is to protect user interests and prevent risks from spreading within the DeFi ecosystem. The team is collaborating with various parties in the ecosystem to analyze the impact, seek support, and explore all possible mitigation solutions.
Sky pauses USDS OFT cross-chain bridging; the protocol and its contracts remain unaffected by the rsETH security incident.
Sky (formerly MakerDAO) announced on X that it has temporarily suspended the cross-chain bridging functionality for its omnichain fungible token (OFT) USDS. The team will further assess the impact of the recent rsETH security incident. Sky emphasized that its protocol and the USDS smart contract remain unaffected at this time, and USDS continues to be fully collateralized as designed—verifiable on-chain at any time.
Kelp: The theft was due to LayerZero's RPC nodes being compromised; the 1/1 DVN configuration is LayerZero's default setting
Odaily News Kelp DAO officially posted on X regarding the follow-up on the theft incident, stating that the cause was the compromise of two RPC nodes hosted by LayerZero, while the third RPC node suffered a DDoS attack. This was an attack targeting LayerZero's infrastructure; Kelp's own systems were not involved in the construction or operation of this infrastructure.The 1/1 DVN configuration is the scheme documented in LayerZero's documentation and is the default setting for all new OFT deployments. Kelp has been operating on LayerZero's infrastructure since January 2024 and has maintained open communication with the LayerZero team. During Kelp's expansion to Layer2, the DVN configuration was discussed, and the default configuration was explicitly confirmed as appropriate at that time.Kelp's current top priority is to protect user interests and prevent risks from spreading within the DeFi ecosystem. The team is collaborating with various parties in the ecosystem to analyze the impact, seek support, and explore all possible mitigation solutions.
Ethena extends the LayerZero OFT bridge pause and publishes proof of reserves confirming USDe’s collateralization ratio exceeds 100%
According to an official post on Ethena’s X account, due to the absence of a satisfactory root-cause analysis regarding the rsETH incident, Ethena has decided to extend the suspension period for its LayerZero OFT cross-chain bridge. Meanwhile, Ethena released its latest Proof of Reserves, independently verified by four third-party entities—Chainlink, Chaos Labs, LlamaRisk, and Harris & Trotter—confirming that USDe’s collateral coverage ratio remains above 100%. The verification results have been published on Ethena’s Transparency Page and Data Dashboard. Ethena stated it will continue monitoring the situation and provide updates as they become available.
Related news
ether.fi: LayerZero Bridging Functionality for weETH and eETH to be Restored Within 24 Hours
Odaily News ether.fi posted on X platform stating that, following guidance from security partners, the LayerZero bridging functionality for weETH and eETH will be restored within the next 24 hours. ether.fi previously confirmed that its Liquid vault was not directly exposed to the Kelp rsETH incident risk, but as a precautionary measure, decided to suspend the LayerZero cross-chain bridging functionality for weETH and eETH until the root cause of the Kelp rsETH incident was clarified.Meanwhile, for the Liquid (ETH, BTC, USD), sETHFI, and eBTC products, the relevant Teller contracts have been suspended to block the LayerZero OFT bridging path. Deposit and withdrawal functions for the related assets have also been suspended accordingly. The team is currently working closely with security partners.
Kelp: The theft was due to LayerZero's RPC nodes being compromised; the 1/1 DVN configuration is LayerZero's default setting
Odaily News Kelp DAO officially posted on X regarding the follow-up on the theft incident, stating that the cause was the compromise of two RPC nodes hosted by LayerZero, while the third RPC node suffered a DDoS attack. This was an attack targeting LayerZero's infrastructure; Kelp's own systems were not involved in the construction or operation of this infrastructure.The 1/1 DVN configuration is the scheme documented in LayerZero's documentation and is the default setting for all new OFT deployments. Kelp has been operating on LayerZero's infrastructure since January 2024 and has maintained open communication with the LayerZero team. During Kelp's expansion to Layer2, the DVN configuration was discussed, and the default configuration was explicitly confirmed as appropriate at that time.Kelp's current top priority is to protect user interests and prevent risks from spreading within the DeFi ecosystem. The team is collaborating with various parties in the ecosystem to analyze the impact, seek support, and explore all possible mitigation solutions.
USDT0 Resumes Cross-Chain Bridging Service: Previously Paused Preventively Due to the rsETH Incident; System Integrity Remains Unaffected
According to an official announcement by USDT0 (@USDT0_to), the USDT0 cross-chain bridging infrastructure resumed normal operations today. System integrity and risk exposure remain unaffected, and all pending transactions submitted prior to the suspension have been safely settled. Previously, on April 19, USDT0 proactively suspended its OFT bridging service as a precautionary measure pending the conclusion of the KelpDAO rsETH incident investigation. USDT0 emphasized that it bears no risk exposure related to this incident, and all USDT0 tokens remain fully backed 1:1 by USDT.
Ethena extends the LayerZero OFT bridge pause and publishes proof of reserves confirming USDe’s collateralization ratio exceeds 100%
According to an official post on Ethena’s X account, due to the absence of a satisfactory root-cause analysis regarding the rsETH incident, Ethena has decided to extend the suspension period for its LayerZero OFT cross-chain bridge. Meanwhile, Ethena released its latest Proof of Reserves, independently verified by four third-party entities—Chainlink, Chaos Labs, LlamaRisk, and Harris & Trotter—confirming that USDe’s collateral coverage ratio remains above 100%. The verification results have been published on Ethena’s Transparency Page and Data Dashboard. Ethena stated it will continue monitoring the situation and provide updates as they become available.
Morpho Suspends MORPHO Token OFT Bridge on Arbitrum
Morpho announced that, shortly after the recent incidents involving Kelp DAO and the LayerZero Bridge, the Morpho Association has proactively paused the OFT cross-chain bridge for the MORPHO token on Arbitrum. Morpho stated that the cross-chain functionality on Arbitrum will remain suspended until the root cause of the rsETH incident is identified.
Sky pauses USDS OFT cross-chain bridging; the protocol and its contracts remain unaffected by the rsETH security incident.
Sky (formerly MakerDAO) announced on X that it has temporarily suspended the cross-chain bridging functionality for its omnichain fungible token (OFT) USDS. The team will further assess the impact of the recent rsETH security incident. Sky emphasized that its protocol and the USDS smart contract remain unaffected at this time, and USDS continues to be fully collateralized as designed—verifiable on-chain at any time.