Morpho Temporarily Halts MORPHO OFT Cross-Chain Bridging on Arbitrum Following rsETH Incident

BlockBeats reported that on April 19, Morpho said it has temporarily paused the OFT cross-chain bridge for the MORPHO token on Arbitrum as a precaution, following recent incidents involving KelpDAO and LayerZero. Morpho added that cross-chain functionality on Arbitrum will remain suspended until the root cause of the rsETH incident is identified.