Following the attack, Port3 Network announced it would migrate its tokens at a 1:1 ratio and burn 162.7 million PORT3 tokens.
according to an official disclosure from Port3 Network, the project has initiated a token migration plan after suffering an attack to ensure ecosystem stability and protect user assets.
According to the migration plan, all tokens will be migrated at a 1:1 ratio, with the snapshot time set at 20:56 UTC after the attack occurred, and users will not suffer any losses. Centralized exchanges will also carry out the same migration operation. The new tokens will be exclusively issued on the BNB Chain. Port3 Network stated that as early as April this year, it announced the migration of all $PORT3 liquidity from Ethereum to BNB Chain, and the new token contract will be deployed only on BNB Chain to enhance security. To offset the impact of unauthorized minting, the team will burn a total of 162.7 million PORT3 tokens to ensure the total supply remains unchanged.
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