IoTeX Releases IIP-56 Proposal: Deprecating CIOTX and Offering a 1:1 Claim-for-IOTX Exchange
Svmuu News: IoTeX has released Governance Proposal IIP-56, proposing to fully deprecate CIOTX on the Ethereum, Base, and Solana networks and permanently shut down the relevant cross-chain bridges.Previously, on February 20, the ioTube cross-chain bridge was attacked, resulting in unauthorized minting of CIOTX on Ethereum. These irregular mintings will not be recognized.According to the proposal, eligible holders must submit their transaction hashes via the official claims portal. Upon verification, IOTX will be distributed on the IoTeX mainnet at a 1:1 ratio.The BSC, Polygon, and IoTeX mainnets were not affected by the abnormal issuance. The relevant cross-chain bridges will be temporarily reactivated after the audit is completed to allow users to migrate their IOTX back, after which they will be permanently taken offline.Concurrently, the project team will notify centralized and decentralized exchanges, as well as DeFi protocols, to remove CIOTX integrations.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
RTHK: U.S. stocks closed lower on Tuesday, with the Dow down 0.3% and the Nasdaq down 0.7%.
-
2
CNBC: Colom leads by 2,607 votes in Mississippi Senate race, race uncalled
-
3
Financial Times: Anthropic's underwriting banks prepare to boost IPO valuation to at least $1.5 trillion
-
4
Al Jazeera: UKMTO receives report of incident involving oil tanker in Strait of Hormuz, details unclear
-
5
Hong Kong and mainland Chinese stocks opened lower, weighed down by higher-than-expected US inflation and escalating interest rate hike expectations.
-
6
Nikkei Stock Average flat at 60,451.02 as bank and pharma gains offset tech and machinery losses
-
7
US Treasury auctions $42 billion in 10-year notes at a high yield of 5.02%, above the when-issued yield
-
8
Al Jazeera: Iran denies holding talks with the US
-
9
Binance Announcement: bStocks to Support SanDisk (SNDK) 1-for-8 Stock Split
-
10
Hong Kong's Insurance Authority (IA) has prohibited Lim Ka Kit from engaging in insurance intermediary business for nine months.
Markets Today
Recommended Reading


