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Ethena extends the suspension of the LayerZero OFT bridge and releases new reserve proofs related to USDe. - CoinFeed
Time 01:02

Ethena extends the suspension of the LayerZero OFT bridge and releases new reserve proofs related to USDe.

April 20, 2026
CoinFeed News

CoinFeed reported on April 20th that Ethena announced on its X platform that it has decided to extend the temporary suspension of the LayerZero OFT bridge due to the lack of a satisfactory root cause analysis of the rsETH incident. Ethena understands this is frustrating but considers it a prudent measure to ensure the safe cross-chain transfer of assets. Ethena has released new proof of reserves, confirmed by four independent third-party verification agencies: Chainlink, Chaos Labs, LlamaRisk, and Harris & Trotter, showing that the USDe collateral support ratio remains above 100%.

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