Cysic burned 7,200,002 CYS tokens on the BNB Smart Chain to counteract an unauthorized minting of 10 million tokens during a bridge compromise on October 17. After the breach, 7.2 million tokens were sold before the offending address was blacklisted, and 2.8 million tokens remain frozen. This burn aligns the token supply with Cysic's original tokenomics plan and fulfills their commitment to burn 7.2 million tokens by the end of October. The action restores trust and supply balance in the CYS ecosystem following the security incident.
Cysic's burn of 7.2 million CYS tokens follows an unauthorized minting incident. For readers following the broader cryptocurrency market, here is Pluang's snapshot as of Oct 29, 2026 01:22 WIB: out of 50 major cryptocurrencies, 35 rose and 14 fell today. Notable movers include EOS at Rp12.649 with an 8.13% increase, BAT at Rp2.513 with 0% sell and 100% buy order activity, and LTC at Rp1.059.351 with a 3.40% gain.
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SPIE, a leading European multi-technical services provider, has signed an agreement to acquire a 76% stake in SAR ANLAGENBAU GmbH, a major electrical engineering and automation firm based in Austria and Germany. This acquisition will enhance SPIE's p...
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The global dermatological therapeutics market is projected to grow from about $43 billion in 2025 to $97 billion by 2034, with a compound annual growth rate of around 10%. This growth is fueled by increasing cases of acne, psoriasis, and other chroni...
Blockchain.com has launched TRX options trading, providing easier access to TRON's native token through its platform. This move expands the TRON ecosystem's reach by simplifying options trading for retail and institutional users worldwide. TRON, know...
