Gauntlet limits V1 vault deposits and pauses asset allocation.
Original headlineGauntlet 限制 V1 金库存款并暂停资产配置
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Gauntlet closed the supply queues on its V1 vaults, paused asset allocation, and cut exposure to LayerZero-bridged assets on Nov. 6 in response to an op-reth vulnerability reported on some OP Stack chains, saying no exploit had been observed. Emptying the supply queues blocks new vault deposits but does not itself halt withdrawals or the underlying lending markets, with redemptions still dependent on available liquidity in those markets. The risk manager said the measures will remain in place until the issue is resolved and gave no restoration date. The move matters because it curtails fresh capital into Gauntlet's V1 vaults and trims bridge-related risk across affected OP Stack deployments. What to watch next is whether the op-reth issue is confirmed and patched, and when Gauntlet reopens deposits and resumes allocation.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
Gauntlet, OP Stack, op-reth, LayerZero, The Defiant