On September 30, 2026, MetaMask announced a security incident involving its staking operations. While the company stated that user wallets were not at immediate risk, the disclosure triggered significant capital outflows from vaults managed by Sentora on the Morpho lending protocol.
Sentora acts as a risk curator on Morpho, managing over $1.1 billion in assets as of late September 2026. This volume makes the firm one of the largest managers on the platform, ranking behind Steakhouse Financial. The vaults support various assets, including stablecoins like PayPal's PYUSD and Ripple's RLUSD.
Although the report links the withdrawals to the timing of the MetaMask incident, there is no evidence that Sentora's vaults were technically exposed to the security issue. Analysts suggest that the outflows reflect a broader market reaction to the security climate rather than direct risk.
Large-scale withdrawals can increase vault utilization, which represents the portion of deposits currently lent out. Elevated utilization rates typically lead to higher borrowing costs and may complicate immediate withdrawals for remaining depositors. Observers are now monitoring whether these trends will stabilize.
