Security· ★★★· bearish·

Iron Fish flags abnormal wIRON minting on Base, warns against buying or bridging

  • —Iron Fish is investigating abnormal wIRON minting on Base
  • —Bridge provider ChainPort has been asked for an urgent review
  • —Users were told to avoid buying wIRON or using bridges
  • —Full 1:1 backing of the token is not guaranteed
Why it matters: A possible backing shortfall in wIRON threatens holders and raises questions about the safety of the ChainPort bridge.
#IRON
Source: PANews
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