Renzo responds to MetaMask security incident, says Basis risk and liquidity are fully verifiable on-chain

PANews, October 1 — In response to the MetaMask infrastructure security incident, Renzo Finance stated that its newly launched Renzo Basis product does not concentrate risk and liquidity in stablecoins or vaults, and all related data can be fully verified on-chain. This means users do not need to rely on trust in Renzo to independently confirm whether they are affected by the incident.

Renzo also noted that ezETH has been backed solely by native ETH since April 2026. In the current withdrawal queue, only 214.75 stETH (0.5%) have valid claims.

Earlier, MetaMask said it was handling a security incident affecting part of its infrastructure and had not found any immediate threat to MetaMask wallets. As a precautionary measure, MetaMask is coordinating with clients, partners, and security advisors to proactively exit affected validators in its non-custodial staking business, and will announce further updates in due course.