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.
Source:Odaily · Source Link
Disclaimer: This content reflects only the author’s personal views and does not constitute any investment or financial advice. If you discover any content that violates regulations,Click to Report
24H Trending
-
1
What Is POLA? Background and Investment Risk Analysis of the Pola On Base Project
-
2
What Is ARA? Market Overview and Project Analysis of the Ara Blocks ARA Token
-
3
The Current State of Virtual Currency Trading Platforms in Mainland China: No “Legitimate” Platforms; High Risks for Overseas Participants
-
4
What Is DuckChain (DUCK)? An Analysis of Its Future Prospects
-
5
Analysis of the Current Status and Future Prospects of the ROONEX (RNX) Token
-
6
Flow (FLOW) Blockchain: A Layer-1 Platform Empowering NFTs, Gaming, and AI
-
7
Wall Street analysts are bullish on natural gas producer Expand Energy, SM Energy, and oilfield services provider SLB, citing strong Q2 results and growth prospects
-
8
Analysis of CSPR Token Value: The Positioning, Technology, and Market Performance of the Casper Blockchain
-
9
BSV Price Trends and Future Outlook: Bitcoin—Can SV Return to the Mainstream?
-
10
Recent Token Unlock Updates: SUI has completed this week’s unlock; FLOCK’s unlock is coming up at the end of the month; JUP has been fully unlocked
Markets Today
Recommended Reading











