Sky has paused USDS Omnichain Fungible Token bridge transfers while assessing fallout from the rsETH security incident, while stating its protocol and the USDS contract were unaffected and USDS remains fully collateralized.
Sky paused transfers on its USDS Omnichain Fungible Token bridge as it evaluates the impact of the rsETH security incident. The company said its protocol and the USDS contract were not affected by the event, and added that USDS remains fully collateralized and verifiable on-chain. This update adds a direct operational response from a separate protocol to the broader rsETH incident, which LayerZero previously said it was investigating with KelpDAO and Security Alliance.