Altcoins News

Story: Shiba Inu Team Confirms LEASH v2 Migration After Security Audit

By Steven Anderson

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Why the Migration Was Delayed. The transition to LEASH v2 had been on the roadmap for some time but was delayed after developers…

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Security First: Warnings for Holders. In its latest update, the Shiba Inu team emphasized that LEASH v1 holders should only use official…

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How the Migration Will Work. The developers outlined a phased approach to the LEASH v2 migration in order to accommodate the…

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Why LEASH v2 Matters. The creation of LEASH v2 is about more than just fixing past vulnerabilities.

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Market Reaction and Outlook. At the time of writing, LEASH trades at $24.94, reflecting a 3.22% decline in the past 24 hours.

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Final Thoughts. The LEASH v2 migration marks a critical milestone for the Shiba Inu project.

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After weeks of delays and uncertainty, the Shiba Inu development team has officially confirmed that the migration from LEASH v1 to LEASH v2 is finally set to begin.

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The transition to LEASH v2 had been on the roadmap for some time but was delayed after developers identified flaws in the LEASH v1 contract.

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This flaw was exploited earlier in the year, leading to an unexpected 20% increase in circulating supply.

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To ensure transparency and safety, the developers brought in Hexens, a well-known Web3 cybersecurity firm specializing in smart contract audits.

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In its latest update, the Shiba Inu team emphasized that LEASH v1 holders should only use official migration links provided through Shib.io and verified social channels.

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Once the migration window closes, any unclaimed LEASH v2 tokens held in the project’s multisignature wallet will be permanently burned.

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The developers outlined a phased approach to the LEASH v2 migration in order to accommodate the different ways users currently hold or stake the token.

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Phase One: Direct LEASH v1 holders, as well as those with staked or locked tokens, will be able to migrate first.

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Phase Two: This stage will focus on Uniswap V3 and ShibaSwap V2 liquidity providers. Because these pools are more complex, snapshots and proof-of-withdrawal processes will be…

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