Port3 Network: Will launch a token migration program, during which team tokens will be burned to offset unauthorized minting.

Odaily Planet Daily reports that Port3 Network announced on its X platform that it will launch a token migration plan to ensure ecosystem stability and protect user assets. The main points are as follows:

1. The snapshot was completed after the attack (UTC time 20:56), and all tokens will be migrated at a 1:1 ratio, so users will not suffer any losses. The migration will also take place on the CEX.

2. Tokens will be distributed to affected users through multiple on-chain distributions.

3. The new token contract will only be deployed on BNB Chain.

4. 162.75 million team tokens will be burned to offset the unauthorized minting of tokens during the attack, ensuring that the total supply remains unchanged.

We are currently in communication with the exchange to review the new token contract, and the reopening time for deposits, withdrawals, and trading will be announced after confirmation.