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Frax Finance Says Funds Remained Safe During LayerZero Route Pause

Frax said its assets and smart contracts were unaffected as LayerZero temporarily suspended selected cross-chain routes as a precaution.

By Simon Yoon
Published
Two fiber-optic connectors rest apart on a warm-gray surface / TokenPost.ai
Two fiber-optic connectors rest apart on a warm-gray surface / TokenPost.ai

Frax Finance, a decentralized stablecoin protocol, said its assets and user and protocol funds remained safe after LayerZero, a cross-chain messaging protocol, paused selected routes as a precaution.

Frax also said its smart contracts were unaffected. LayerZero provides messaging between blockchain networks.

Simon Yoon

Reporter

Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.

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