Stargate DAO suspends reissue of STG tokens, exchanges drop support for new STG tokens

Stargate DAO's proposal to "stop reissuing STG tokens" was voted through with a support rate of 98.52%. According to the proposal, Stargate should continue to use the original STG tokens in the agreement, while the tokens purchased by Alameda should remain in the contract at the request of the liquidator. Additionally, exchanges Bitfinex and Binance decided to remove support for the new STG token. Previously, StargateDAO initially voted in favor of reissuing all STG tokens by March 15 after it identified security risks posed by "illegal STG transfers from compromised Alameda wallets," about 10% of which were held in STG. is held. The Stargate Foundation advised the DAO not to reissue STG tokens, otherwise the FTX liquidator may seek compensation.