Stargate proposes to reissue all STG tokens to eliminate the risk of illegal transfer of STG held by Alameda

ChainCatcher message, based on the LayerZero cross-chain liquidity protocol Stargate, proposes to reissue all STG tokens and airdrop them to all STG holders, eliminating the risk of illegal transfers of STG from the Alameda address.

It is reported that Alameda purchased 10% of the total STG supply from the Stargate community sale in March 2022 and promised to lock it until March 2025. However, recent on-chain transfers from the Alameda wallet indicate that Alameda does not have complete control over its wallet, and there are instances of illegal fund transfers. (source link)