7.2 Million CYS to Be Burned by End of October as Cysic Plans to Offset Unauthorized Token Minting
Cysic has released the latest update on the cross-chain bridge security incident, announcing plans to burn 7.2 million CYS from the foundation reserve by the end of October to offset previously unauthorized minted tokens and bring the token supply back in line with the established tokenomics model. The relevant on-chain burn records will be published once confirmed.
