BTC $71,807
2026 Bull Run Is Building Start trading with 5% OFF all fees
Sign Up Now
BTC $71,807
Bull Run 2026 | 5% Off Fees Open your Binance account today
Sign Up

Sonic Labs Implements Network Security, Treasury Upgrades

Sonic Labs enhances security, rotates wallets, and clarifies treasury without selling tokens.

  • Sonic Labs is upgrading its multisig wallets and rotating official treasury wallets to refine security and operations on the Sonic chain.
  • Large on-chain transactions will be visible for treasury movements, CEX coordination, and burning excess legacy tokens, but user funds remain unaffected.
  • The initiative explicitly DOES NOT involve the sale of any S tokens, aiming only to establish a clearer organizational framework.

Starting this year, Sonic Labs will implement a series of infrastructure enhancements to tighten security and improve the operational structure of the Sonic chain. This follows the project’s dual network migration from the Ethereum and Fantom Opera Networks.

- Advertisement -
Ad
Altseason Is Loading. Don't watch from the sidelines.
SOL $90.51
DOGE $0.0963
LINK $9.02
SUI $1.00
5% off fees when you sign up
Start Trading

Consequently, the team is refining its multisig setup to align with new native tooling and security standards. Official treasury and operational wallets are also being rotated as part of this clean-up phase.

Meanwhile, the community will notice several large on-chain transactions during this process. These include treasury movements for the new multisig structure and coordination with centralized exchanges for liquidity.

However, the organization emphasizes that these actions are purely operational and do not impact user balances or circulating supply. No changes are being made to token ownership or validator rewards.

The goal is simply to establish a more robust framework for clearly accounting for S tokens. This initiative is intended to improve clarity, reduce overhead, and better position Sonic for future improvements.

- Advertisement -

Importantly, this process DOES NOT involve the sale of any S tokens. Before moving any assets, an announcement will be made via the official X account, notifying users of the upcoming transfer activity.

✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.

Previous Articles:

- Advertisement -
Ad
Pay Less on Every Trade. For Life.
$10K/mo volume Save $60/yr
$50K/mo volume Save $300/yr
$100K/mo volume Save $600/yr
5% off all trading fees when you sign up
Claim Your Discount

Latest News

Banks tap ZKsync for private deposit token network

Cari Network, led by former US Comptroller Gene Ludwig, has selected ZKsync's Prividium to...

Konni Phishing Campaign Hijacks KakaoTalk

Konni attacks use phishing disguised as official notices to steal credentials.Threat actors hijack victims'...

War Costs Fuel BRICS Unit Threat to Dollar Dominance

The daily cost of the US-Iran conflict, estimated between $800 million and $2 billion,...

Crypto.com Partners With Korean Payment Giant for Traveler Payments

crypto.com partners with South Korea's KG Inicis to enable crypto payments for foreign travelers...

US Dollar Surges as Bullish Bets Hit Highest Since 2022

Bullish bets on the US Dollar in the options market have surged to their...

Must Read

7 Best Audiobooks on Cybersecurity

Cybersecurity has become an essential topic in our increasingly digital world. As technology evolves and becomes more integrated into our daily lives, the importance...
Ad
Altseason Is Loading. These 4 coins are trending right now.
SOL $92.12
DOGE $0.0950
LINK $9.02
SUI $1.02
5% off spot fees when you sign up
Start Trading