TechFlow news, according to the community voting page, the proposal from Stargate—a cross-chain liquidity protocol based on LayerZero—regarding the "reissuance of STG" has been approved and will execute a contract replacement on March 15.
Previously, on February 2, Stargate proposed reissuing all STG tokens on March 15 to "eliminate the risk of illicit transfers of STG from Alameda addresses."
It is reported that in March 2022, Alameda purchased 10% of the total STG supply during the community sale and committed to locking these tokens until March 2025. However, recent on-chain transfer data from Alameda wallets indicate that Alameda does not fully control its wallets, and someone is illegally moving funds.Original link
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