Weex Sky Suspends USDS Cross-Chain Bridging Amid Security Concerns
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- •Sky has paused USDS cross-chain bridging due to a security incident.
- •The USDS protocol and contracts remain unaffected and fully collateralized.
- •The team is assessing the impact of the rsETH-related security incident.
On April 19, 2026, Sky (formerly MakerDAO) announced the temporary suspension of the cross-chain bridging function for its USDS Omnichain Fungible Token (OFT) due to a security incident related to rsETH. The team is currently assessing the impact of this incident. Sky confirmed that its protocol and the USDS smart contract remain unaffected and that USDS is fully collateralized, with its collateralization status verifiable on-chain at any time. This precautionary measure aims to ensure the security and integrity of the USDS ecosystem while the situation is evaluated. The decision reflects the ongoing vigilance in the cryptocurrency space regarding security threats.
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Updated 174d ago How this analysis works
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2026-04-19
Sky announces suspension of USDS cross-chain bridging due to security incident.
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