PANews reported on November 24th that Port3 will launch a token migration plan, with all tokens migrating at a 1:1 ratio. A snapshot was taken immediately after the attack. The team will distribute tokens in bulk, providing 200 to 500 tokens as compensation to each user affected by the attack as of 20:56 UTC. The team is currently confirming the distribution method on CEXs; the new tokens will only be issued on the BNB Chain. By burning team tokens, the excess supply caused by the exploit will be completely offset, with a total of 162,750,000 PORT3 tokens burned to ensure the total supply remains unchanged. The team has patched the vulnerability; the hacker will not be able to obtain any new tokens or issue any new tokens from the new contract address (CA). Earlier yesterday, it was reported that Port3 Network was hacked and its BridgeIn vulnerability was exploited to issue new tokens, causing PORT3 to plummet 77.4% in 24 hours.PANews reported on November 24th that Port3 will launch a token migration plan, with all tokens migrating at a 1:1 ratio. A snapshot was taken immediately after the attack. The team will distribute tokens in bulk, providing 200 to 500 tokens as compensation to each user affected by the attack as of 20:56 UTC. The team is currently confirming the distribution method on CEXs; the new tokens will only be issued on the BNB Chain. By burning team tokens, the excess supply caused by the exploit will be completely offset, with a total of 162,750,000 PORT3 tokens burned to ensure the total supply remains unchanged. The team has patched the vulnerability; the hacker will not be able to obtain any new tokens or issue any new tokens from the new contract address (CA). Earlier yesterday, it was reported that Port3 Network was hacked and its BridgeIn vulnerability was exploited to issue new tokens, causing PORT3 to plummet 77.4% in 24 hours.

                                                                               BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate.                     BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more