Sky Temporarily Halts USDS OFT Cross-Chain Bridge After rsETH Security Incident

Sky (formerly MakerDAO) said on X that it has temporarily suspended the cross-chain bridge function for USDS, its fully on-chain fungible token. The pause, announced on April 19 (UTC+8), is intended to evaluate any potential impact on the system stemming from a recent security incident involving rsETH. Sky stated that its protocol and the USDS contract have not been affected. Under the protocol's design, USDS remains fully collateralized, with backing verifiable on-chain at any time. (Source: MLion)