Port3 recently made a big move - initiating a full token migration and directly destroying over 160 million Tokens.

The migration plan is quite straightforward: all tokens will be migrated on a 1:1 basis, and the snapshot was taken immediately after the attack occurred. The team will use bulk transfers to send the new coins to everyone, and affected users will receive additional compensation — depending on the extent of their losses, each person can claim between 200 to 500 tokens.

The compensation coverage includes all users affected by the attack before 20:56 UTC. The team is currently confirming follow-up integration matters with various centralized exchanges, and it is expected that a more detailed operational guide will be released soon.

This operation is considered a quick emergency response case, which not only addressed the security vulnerabilities but also adjusted the token supply through large-scale destruction.

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ForkThisDAO

· 11-26 21:14

Burning 160 million coins? This move is really harsh, but I feel we still have to see when the exchange will launch the new coin to make it count.

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NFTragedy

· 11-26 13:17

Burned 160 million directly pumped, this method is really ruthless Compensation returned 500 coins, which attack was so enjoyable 1:1 migration should have come this way long ago, saving the hassle This is called being responsible, unlike some projects whose corpses are still lying at the Floor Price

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ChainBrain

· 11-25 14:27

160 million tokens directly burned, Port3's scalpel is really sharp. Damn, this compensation is pretty decent, getting 200 to 500 tokens in hand is not bad. The snapshot response was fast enough, just not sure when the exchanges will be able to sync up. 1:1 migration is the safest, now it just depends on whether the follow-up execution can avoid screwing up again. This is what you call emergency handling, way better than some other projects, though I'm still a bit shaken.

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HodlAndChill

· 11-24 05:55

Burning 160 million tokens? This is indeed quite intense, but a compensation of 200-500 tokens feels a bit stingy.

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GateUser-addcaaf7

· 11-24 05:47

160 million pieces burned at once, that's really a big move. The tactic of destroying supply has become commonplace, but Port3's response speed is indeed fast. Compensation of 200-500 pieces? It depends on the loss situation, this kind of differentiation is a bit interesting. 1:1 migration is the easiest, just afraid the exchange side will be delayed for a few days again.

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AlwaysMissingTops

· 11-24 05:44

1.6 billion burned directly, that's ruthless, but can it really stabilize the market? Burning is one thing, but it still depends on when the exchange will list it, otherwise it's all for nothing. Compensation of 200-500 is interesting, not sure if it can be implemented. The emergency response was pretty quick this time, much better than some other projects—at least there was no procrastination. 1:1 migration is too simple, feels like there should be more complex options. Wait, will all the funds really arrive? Many previous projects got stuck at this step. Burning tokens isn't a long-term solution; the key is still having ecosystem support. What I'm more concerned about is how this attack actually happened, has the loophole been patched? I'll give the team credit for their quick response, but whether they can deliver in the end is the real question. Manipulating token supply like this is mainly to pump the price, to be honest.

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AltcoinTherapist

· 11-24 05:33

Burning 160 million coins, this move is indeed a bit harsh, but we still need to see when the exchange will launch the new coin.

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Whale_Whisperer

· 11-24 05:31

Burning 160 million coins, this move is quite ruthless, it seems they really want to stabilize people's confidence.

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