Cysic plans to burn 7.2 million CYS by the end of October to offset unauthorized token minting.

BlockBeats news, October 23 - According to official sources, Cysic has released the latest progress on the cross-chain bridge security incident, announcing plans to burn 7.2 million CYS from the foundation reserve by the end of October to offset the previously unauthorized minted tokens and bring the token supply back in line with the established token economic model. The relevant on-chain burn records will be announced after confirmation.