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Port3 launches token migration plan, and the remaining vulnerability-inflated tokens will be eliminated by destroying team tokens.
According to Techub News, the decentralized AI data network Port3 Network has announced the launch of a token migration plan, where all tokens will be migrated at a 1:1 ratio. A snapshot was taken immediately after the attack occurred (UTC time 20:56). The team will distribute tokens through multiple transactions, sending 200-500 tokens to all users affected by this attack with each on-chain transaction. Currently, the team is still confirming how to distribute on CEX. The new tokens will only be issued on the BNB Chain. Furthermore, the portion of token issuance caused by this vulnerability will be completely eliminated by destroying team tokens, with a total of 162,750,000 PORT3 tokens destroyed to ensure that the total supply remains unchanged. The team is in communication with various exchanges to review the new token contracts, and once confirmed, they will announce the timeline for reopening deposits, withdrawals, and trading.