Frax confirms funds safe amid reported op-reth incident

November 5, 2026

Frax Finance said its assets and smart contracts are unaffected and operating normally following a reported op-reth incident, with all user and protocol funds safe. LayerZero has temporarily paused certain cross-chain routes as a precaution and is expected to resume them soon.

No impact to Frax products or smart contracts, per the announcement
LayerZero route pauses are precautionary while the incident is investigated

Sources

We’re aware of the reported op-reth incident. Frax assets and smart contracts are unaffected and operating normally. All user and protocol funds remain safe. LayerZero has temporarily paused certain cross-chain routes as a precaution and should resume soon.x.com ↗

Frax

Frax is the world’s first fractional-algorithmic stablecoin. The Frax Protocol introduced the world to the concept of a cryptocurrency being partially backed by collateral and partially stabilized algorithmically.

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Frax confirms funds safe amid reported op-reth incident — Outposts