Renzo Defends On-Chain Verification for Basis Risks

Renzo has responded to the recent security event involving MetaMask, clarifying that the risk associated with Basis and liquidity can be fully on-chain verified. According to Renzo, there are currently only 214.75 stETH in the withdrawal queue.

Renzo's statement aims to address concerns related to the security of user funds following the incident. The issue has sparked discussions about the importance of transparency and security in cryptocurrency platforms.