Renzo says Renzo Basis exposure can be verified on-chain after MetaMask infrastructure incident

Renzo says Renzo Basis exposure can be verified on-chain after MetaMask infrastructure incident

N
News Editor
2026-10-01 03:39:11
Renzo Finance responded to the MetaMask infrastructure security incident by saying the risk and liquidity profile of its latest product, Renzo Basis, is not concentrated in stablecoins or vaults and can be fully verified through on-chain data. The company said users do not need to rely on trust in Renzo to confirm they were not affected by the incident. Renzo also said ezETH has been backed only by native ETH since April 2026. At present, just 214.75 stETH in the withdrawal queue has a valid claim, representing 0.5% of the total. Earlier, MetaMask said it was handling a security incident affecting part of its infrastructure and had found no immediate threat to MetaMask wallets. As a precaution, the company said it was coordinating with customers, partners, and security advisers to proactively exit affected validators in its non-custodial staking business, with more updates to follow.

Renzo Finance responded to the MetaMask infrastructure security incident, saying the risk and liquidity of its latest product, Renzo Basis, is not concentrated in stablecoins or vaults and can be fully verified through on-chain data.

Renzo said users do not need to rely on trust in the platform to confirm that they were not affected by the incident. The company also said ezETH has been backed only by native ETH since April 2026.

According to Renzo, only 214.75 stETH in the withdrawal queue currently has a valid claim, accounting for 0.5%.

Earlier, MetaMask said it was handling a security incident affecting part of its infrastructure and had not identified any immediate threat to MetaMask wallets. As a precaution, MetaMask said it was coordinating with customers, partners, and security advisers to proactively exit affected validators in its non-custodial staking business, and would provide further updates in due course.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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