Cysic updates on the progress of security incident handling: 7.2 million CYS have been destroyed, offsetting the unauthorized issuance amount

Cysic released an update on the progress of the security incident handling, disclosing that 7,200,002 CYS tokens have been burned on the BNB Smart Chain (BSC) to offset the previously unauthorized token issuance.

Both burn transactions have been confirmed on-chain, permanently reducing the supply of CYS tokens on BSC, bringing it back in line with the project's token economic model.