CyberConnect: Safeguards being introduced to prevent similar incidents from happening again

Odaily Planet Daily News CyberConnect issued a statement on CYBER Bridge and CP-1. CyberConnect stated that community users reminded CyberDAO that there was an error in the first proposal. Although the official quickly abolished the proposal, it still did not stop the rumors in the market, causing panic, uncertainty and doubts about CYBER. Officials are fully responsible for this mistake, and safeguard measures are taken to prevent similar incidents from happening again. And to assure the community that the rumors of CYBER token manipulation and market manipulation are baseless and have been fueled by errors in the token’s circulating supply data. CyberConnect stated that the recent surge in demand for CYBER tokens in the Korean market has resulted in price differences due to the fact that major Korean trading platforms only support CYBER deposits and withdrawals on Ethereum. In order to solve this situation, the official proposed the CP-1 proposal, which aims to optimize the liquidity of CYBER tokens on the three networks (ETH, OP, and BNB) by introducing bridges. However, the proposal made an error regarding the amount of CYBER currently unlocked in the community vault, and the proposal was ultimately declared invalid. The bridge ensures a healthy balance of CYBER tokens across the three networks without unlocking new CYBER or changing the current supply of tokens. To address this issue and prevent a similar situation from happening again, CyberConnect announced the following measures: 1. Propose new proposals to gain community support for the bridge, with a multi-day voting period for proper review and discussion. 2. Entrust well-known external security experts to conduct bridge security audits to ensure the maximum security of community treasury funds. 3. Set up the Dune dashboard to provide total supply and circulating supply data of CYBER tokens at any time, as well as multi-signature wallets for unlocked tokens.