Cysic Updates Security Incident Progress: 7.2 Million CYS Burned to Offset Unauthorized Minting

Odaily Report: Cysic has released an update on the progress of handling its security incident, disclosing that it has completed the burn of 7,200,002 CYS on BNB Smart Chain (BSC) to offset the previously unauthorized token minting. Both burn transactions have been confirmed on-chain, permanently reducing the CYS token supply on BSC and bringing it back in line with the project's tokenomics model.