Cysic updates on the progress of the cross-chain bridge security incident: plans to destroy 7.2 million CYS by the end of October
Oct 23, 2026 21:49:00
Cysic released an update on the cross-chain bridge security incident, stating that it plans to destroy 7.2 million CYS from the foundation's reserves by the end of October to offset the impact caused by unauthorized issuance and to realign the token supply with its token economic model.