Stargate Foundation advised against reissuing STG token

Stargate Foundation has been advised against reissuing the STG token by its DAO due to concerns raised by FTX liquidators following the bankruptcy of FTX and Alameda Research's wallets being hacked for roughly $500 million.

Timeline of Stargate-finance

Key Points: The cross-chain bridge Stargate proposed to reissue new STG tokens on March 15 and airdrop them to all STG holders to eliminate the risk of illegal transfer of STG from damaged Alamada wallets.

The world of blockchain is no less than a sci-fi series. With breakthrough projects evolving every other day and leaving the critics tongue-tied via their successes. One such project that has gotten over the nerves of crypto enthusiasts is Stargate Finance. Which is a framework for traders to move virtual currencies over networks.