Following a report from a security partner, FAsset bridging is temporarily paused. This is a proactive step to safeguard user and agent funds, no exploit has occurred. A contract update is being prepared and will shortly be deployed on both Flare and Songbird. Communication will be provided before update. There is no action required from users. The core vault has been isolated to protect funds.
FAssets System Status Update
Earlier today, the FAssets system was automatically paused following a security alert triggered by our monitoring partner, Hypernative.
After review, this activity was confirmed to be a false positive. There are no vulnerabilities in the FAssets or FXRP contracts, and no user funds were affected. The pause was triggered out of an abundance of caution, in line with standard safety procedures.
The governance process has now been completed, and the system has been safely unpaused and is fully operational.
Key Takeaway
✅ No user funds were affected
✅ No protocol vulnerability was found
✅ Pause was precautionary and worked as intended
✅ The system is now fully operational
Welcome @XamanWallet — now live for FXRP minting!
This is just the first phase of the integration.
More chain-abstracted features are coming soon to make your XRPFi journey on @FlareNetworks even smoother and safer ☀️
Until minting and redeeming activity becomes steady, estimating potential earnings from brief bursts is pointless.
Growing collateral pools also play a major role.
What’s certain: participation earns rewards ... non-participation doesn’t.
Great news @FlareNetworks!
Borrows have opened for #FXRP and #USDT0 in our new Fassets Iso Market.
USDT0 cap is set at $400k and FXRP cap is set at 144k, will be raising them incrementally as we are able to do so safely. #XRPFi is on the move!