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Morpho suspends Arbitrum's MORPHO token OFT cross-chain bridge
ME News Report, April 19 (UTC+8), Morpho recently stated that following recent incidents involving Kelp DAO and LayerZero Bridge, out of caution, Morpho Association has suspended the cross-chain bridge service for the MORPHO token OFT on the Arbitrum chain. Morpho further explained that the cross-chain functionality on Arbitrum will remain suspended until the specific cause of the rsETH incident is identified. (Source: MLion)