Stargate Foundation has советува its decentralized autonomous organization (DAO) against reissuing Stargate’s native Stargate Finance (STG) token due to concerns raised by FTX liquidators. The liquidators have изрази the belief that such a move would violate the automatic stay and could result in legal repercussions.
Во март 2022 година, Alameda Research, поранешна фирма за трговија со криптовалути, ја купи целата аукција STG за 25 милиони долари. Меѓутоа, во ноември истата година, FTX прогласи банкрот, по што паричниците на FTX и Аламеда беа хакирани за околу 500 милиони долари. Ликвидаторите на крајот ги префрлија сите средства во нови паричници.
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In light of these events, Stargate DAO has proposed reissuing the STG token to move the funds from the potentially compromised wallet to a safer one. However, the FTX liquidators have rejected this proposal.
Stargate DAO maintains that the liquidators’ concerns are unfounded and that reissuing the STG token would not violate the automatic stay. Stargate Твитер that “nothing in any interaction the foundation has had with the liquidators indicates that they have a firm grasp of the reality of the smart contracts, how the contracts work, or how they will interact with the contract to secure the funds.”
Cliffs: The liquidators prefer to keep the tokens in an unsecure wallet with it’s keys very likely compromised by a hacker and despite not knowing how the contract functions expect to be able to race the hacker to the funds as they vest on a per block basis
— Stargate (@StargateFinance) Март 10, 2023
Despite the efforts of exchanges, protocols and external parties to ensure the security of funds, the foundation is standing by its recommendation against reissuing the STG token due to the opinion of FTX liquidators.
Source: https://cointelegraph.com/news/stargate-foundation-advises-dao-against-reissuing-stg-tokens