Cysic Updates Security Incident Response Progress: 7,200,000 CYS Burned to Offset Unauthorized Minting

TechFlow reported on October 28 that Cysic released an update on its security incident response, disclosing that it had completed the burn of 7,200,002 CYS on BNB Smart Chain (BSC) to offset previous 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.

Source: TechFlow