Out of an abundance of caution we are temporarily pausing our LayerZero OFT bridges from Ethereum mainnet until the root cause of the rsETH incident has been identified.
We expect the pause to last ~6 hours and will provide updates on this temporary pause as we receive them.
To reiterate, we can confirm Ethena has no exposure to rsETH, and remains >101.0% overcollatereralised.
Proof of reserves are typically provided on a weekly basis but we will be providing a refreshed version in the next few hours given the existing circumstances.
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