Skip to content
$BTC$76,956−0.9%$ETH$2,250−0.3%$SOL$91.57−2.4%$XRP$1.25+0.3%$TON$1.780.0%MCap$2.56T−0.7%BTC.D60.0%Fear&Greed37 FearGas0.21 gwei·3.3 sat/vBNews mood13% bullish
Basis Desk

New: Basis Desk Verify for Chrome & Firefox — fact-check crypto news on any page, free.Get the extension →

DeFi · 1 min read

Horizen Bridge Sets Nov. 4 Cutoff as Recovery Plan Excludes USDC.e

The Horizen Bridge DAO will return remaining ZEN and Base-based ETH in late November, leaving bridged USDC.e holders outside the distribution.

Editorial oversight: Julian Mercer, Chief Editor
Bearish
$ETH $2,250 −0.3% $BTC $76,956 −0.9%

At a glance Announced

What happened
The Horizen Bridge DAO scheduled a Nov. 4 bridge cutoff and announced a late-November capital return plan that excludes USDC.e.
Why it matters
Holders of USDC.e on the bridge will not receive capital under the current recovery program, while ZEN and Base ETH holders will.
Who is affected
Horizen Bridge users holding ZEN, Base ETH, and bridged USDC.e balances.
Takes effect
Nov. 4
What's next
The bridge cutoff takes place on Nov. 4, followed by distribution of ZEN and Base ETH balances in the second half of November.
Primary source
thedefiant.io: Horizen’s Nov. 4 Bridge Cutoff Leaves USDC.e Outside DAO Recovery Plan

Key points

  • The Horizen Bridge cutoff is set for Nov. 4 1.
  • The Horizen Bridge DAO plans to return remaining ZEN, staking rewards, and eligible Base ETH in late November 1.
  • USDC.e balances are excluded from the current DAO recovery plan 1.

The Horizen Bridge DAO has scheduled a bridge cutoff for Nov. 4, outlining a capital return initiative that omits bridged USDC.e balances from its recovery process 1.

Under the framework, the decentralized autonomous organization intends to disburse remaining $ZEN tokens—which include accumulated staking rewards—alongside qualifying $ETH balances situated on the Base network 1. These distributions are slated to take place during the second half of November 1.

Recovery Plan Exclusions

The upcoming Nov. 4 bridge cutoff formalizes the wind-down parameters for users interacting with the infrastructure 1. However, the exclusion of USDC.e leaves holders of the bridged stablecoin without an avenue for reimbursement under the current DAO framework 1.

At the time of writing, broader digital asset markets were subdued, with $ETH trading down 0.7% over 24 hours at $2,248 and Bitcoin down 1.3% at $76,834 amid a Fear & Greed index reading of 37.

Sources

  1. [1] Horizen’s Nov. 4 Bridge Cutoff Leaves USDC.e Outside DAO Recovery Plan — thedefiant.io, November 2, 2026

Written by Basis Desk's newsroom system from the primary sources above and machine-verified against them before publication. Market figures marked "at the time of writing" come from live exchange data. Report an error: corrections@basisdesk.news · corrections policy.

Community read
How do you read this story for the assets involved? One vote a day, anonymous.
Be the first to vote
Share X Telegram Bluesky Markdown

The Daily Brief, in your inbox at 07:00 ET

Five stories, the numbers that moved, what to watch. Three minutes. No hype, no advice, unsubscribe in one click.

Not financial advice. Basis Desk publishes information, not recommendations. Crypto assets are volatile and you can lose what you invest.