Dear MUD Ecosystem Users,
Previously, an announcement was issued in April stating that the encrypted maintenance work of the cross-chain bridge had been fully completed, and the asset inflow and outflow channels had been fully restored.
After the cross-chain bridge resumed operation, due to concentrated market redemption demand, a liquidity rush occurred. In addition, some individuals used scripts for batch redemption operations, which caused certain users to encounter redemption delays or restrictions, further triggering secondary congestion and affecting the normal redemption order.
At present, the cross-chain bridge maintains sufficient asset reserves. The Delaney project reserve funds have not been utilized, and the overall project remains in stable operation with no asset losses or security risks to funds.
In order to avoid market volatility and panic caused by short-term concentrated cross-chain activities, we will work together with third-party ecosystem platforms to gradually release liquidity in an orderly manner and steadily promote business circulation, helping the cross-chain bridge return to stable and orderly operation.
The MUD team will continue to strictly uphold risk control principles, fully safeguard the security of all user assets, and firmly protect the legitimate rights and interests of all users.
MUD Foundation
May 20, 2026