Decentralized finance (DeFi) protocol bridge Stargate has proposed to reissue all Stargate (STG) tokens, according to a Wednesday blog post.
Stargate will reissue STG on March 15, 2023. The reissue will “eliminate the risk of illegitimate STG transfers from compromised Alamada wallets,” according to Stargate DAO.
Calls for the reissue come after StargateDAO uncovered a “significant threat” to its protocol owned liquidity (POL) and token holder security originating from security vulnerabilities at the now-bankrupt crypto quant trading firm Alameda Research.
All Comments