- Katana Inu published an update on a recent bridge-related incident that affected KATA liquidity between BSC and Ethereum.
- According to the team, Katana Inu itself was not directly compromised, and the issue was connected to a third-party bridge-related incident.
- The team said $21,947 was removed from KATA liquidity during the incident.
- Katana Inu reported that 647,071,970 KATA tokens were sold into the market during the incident.
- The team said approximately 1 billion KATA tokens were recovered and secured in project-controlled multisig wallets.
- Katana Inu said the recovered amount includes 90 million KATA on BSC and 900 million KATA on Ethereum.
- The team said liquidity restoration has been initiated for the affected $21,947 amount.
- Katana Inu intends to remove approximately 500 million recovered KATA from circulation, while the remaining tokens may be reserved for a future bridge setup.
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