Secret Network Plans SCRT Move to Arbitrum.

Aave’s GHO stablecoin has always needed distribution to matter. The DAO’s approval of a native Arbitrum deployment is a step in that direction, giving the asset a clearer path into one of Ethereum’s busiest scaling ecosy

Aave’s GHO stablecoin has always needed distribution to matter. The DAO’s approval of a native Arbitrum deployment is a step in that direction, giving the asset a clearer path into one of Ethereum’s busiest scaling ecosy

Secret Network plans SCRT migration to Arbitrum through a September 2026 snapshot process. The move follows bridge security concerns and aims to access deeper Ethereum liquidity. SCRT holders must prepare eligible tokens before migration approval and implementation. Secret Network is proposing a major transition from Cosmos to Arbitrum after security concerns, declining liquidity, and ecosystem […] The post Secret Network Eyes Arbitrum Move After Bridge Exploit Shakes Cosmos appeared first on Live Bitcoin News.

The post Secret Network Arbitrum Move Driven by AI Security Risks appeared on BitcoinEthereumNews.com. A privacy-focused blockchain abandoning the network it was built on is not something that happens quietly. Secret Network, which has been running privacy-preserving smart contracts on Cosmos since 2020, is now proposing a full migration to Ethereum layer-2 Arbitrum — and the driving force behind the Secret Network Arbitrum move is not just declining liquidity. It is the rising capability of artificial intelligence to crack old, poorly maintained code. Key takeaways Secret Network is proposing to leave Cosmos for Ethereum layer-2 Arbitrum, citing AI-assisted exploit risks and ecosystem liquidity decline. A $4.7 million Axelar-Secret IBC bridge exploit in June underscored the vulnerability of aging infrastructure, though the SCRT token itself was not affected. Cosmos ecosystem TVL has dropped 88% since its 2021 peak to roughly $2 billion; Arbitrum leads all layer-2 networks with $17.4 b

The post Secret Network SCRT Migration to Arbitrum Highlights Risks appeared on BitcoinEthereumNews.com. Secret Network is pushing for one of the more dramatic moves in the Cosmos ecosystem: a full Secret Network SCRT migration from its current Cosmos-based chain to Arbitrum, the Ethereum layer-2 network. The proposal, published in a July 7 governance post, frames the shift as a response to real and growing threats — a fresh bridge exploit, a deteriorating liquidity environment, and code that is aging in an era when AI tools are making old vulnerabilities cheaper to exploit. Key takeaways Secret Network proposes migrating SCRT to Arbitrum as a new ERC-20 token via a one-time snapshot on September 1. A recent $4.7 million Axelar-Secret bridge exploit is a central driver of the security case for migration. Only native and staked SCRT balances qualify for the snapshot; bridged, contract-held, sSCRT, and IBC assets are excluded. The migration requires a community governance vote and will n

The post Secret Network Proposes SCRT Migration to Arbitrum, Sets Sept. 1 Snapshot appeared on BitcoinEthereumNews.com. Arbitrum News Secret Network has proposed relocating its native token SCRT from the Cosmos ecosystem to Arbitrum, the leading Ethereum layer-2 network, in a plan that now hinges on a community governance vote. The privacy-focused layer-1, which has run privacy-preserving smart contracts on Cosmos since 2020, argues the operating environment has shifted decisively. The proposal would reissue SCRT as an ERC-20 token on Arbitrum, anchoring the project to Ethereum’s deeper liquidity and tooling. A one-time snapshot of SCRT balances is scheduled for September 1, forming the basis for the new contract. Nothing takes effect until token holders formally approve the transition. The team framed security as the most serious driver behind the move. It warned that aging, under-maintained code has become dramatically easier to analyze, and that advances in artificial intelligence a

The post Secret Network may leave Cosmos for Arbitrum after bridge exploit appeared on BitcoinEthereumNews.com. Secret Network is seeking to move SCRT from Cosmos to Arbitrum, citing security risks, weaker liquidity, and older code. Summary Secret says AI makes older bridge code easier to scan, attack, and exploit over time. The proposed Arbitrum move follows a $4.7 million Axelar-Secret bridge exploit tied to legacy integration. SCRT holders face a Sept. 1 snapshot, with non-native or contract-held balances excluded from claims. In a July 7 governance post, the privacy-focused blockchain said the plan would create a new ERC-20 SCRT token on Arbitrum through a one-time snapshot on Sept. 1. The team said native and staked SCRT balances would count, while sSCRT, bridged SCRT, contract-held tokens, and IBC assets would not qualify. The proposal has not passed yet. The team said the move needs a community vote, and the migration will not proceed if holders reject it. AI exploit risk drives

Secret Network proposes moving SCRT to Arbitrum, citing AI exploit risks, old Cosmos code, bridge losses, thin liquidity and a TVL drop.