Iron Fish Warns of wIRON Minting Anomalies on Base, Suspends Purchasing and Cross-Chain Operations

On October 28, Iron Fish stated that the team is investigating abnormal issuance of wIRON on the Base network, and has requested cross-chain bridge provider ChainPort to conduct an urgent review. Until further notice, users should avoid purchasing wIRON on Base or using related cross-chain bridges. Iron Fish warned that there is currently no guarantee of full 1:1 asset backing for wIRON, and stated that further updates will be provided after verifying additional facts.