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Sei v6.4 upgrade adds a new switch to disable IBC asset transfers into the chain

MeNews
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ME News Report, April 18 (UTC+8), Sei official announced that the Sei v6.4 upgrade has added a protocol-level switch for "closing IBC asset transfers," which will be officially enabled through governance proposals in the future. Sei advises that if users hold some IBC assets on Sei, they should bridge them out to the original chain as soon as possible before the proposal passes; otherwise, related Cosmos native assets will no longer be transferable to Sei, and users may face the risk of assets being unrecoverable. Currently, assets that need urgent handling include: USDCet (Wormhole Ethereum USDC), USDCop (Wormhole Optimism USDC), USDTbs, ATOM, WBTC. Sei stated that this adjustment is part of the transition to upgrade the network to "EVM-only chain" as part of SIP-3. (Source: MLion)
SEI5.7%
ME-3.9%
ATOM6.48%
W1.6%
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SilverLiningOfPessimism
· 7h ago
The governance proposal hasn't been approved yet; there's still time to run now, right?
View OriginalReply0
TheRedTelephoneBoothInTheRuins
· 7h ago
Sei has completely cut ties with the Cosmos ecosystem, shifting its strategic focus.
View OriginalReply0
SeaSaltSparklingWater
· 8h ago
What happens to Cosmos native assets after IBC is shut down? Feeling a bit anxious.
View OriginalReply0
ZenOfZK
· 8h ago
ATOM holders are the worst off; native assets are no longer allowed in.
View OriginalReply0
DewdropSapling
· 8h ago
Does WBTC also need to be handled? Cross-chain BTC is such a hassle.
View OriginalReply0
DaoDoorKeeper
· 8h ago
USDCet and USDTbs need to be bridged out ASAP—mark it.
View OriginalReply0
TvlDownBad
· 8h ago
SIP-3 has taken a big step, purely an EVM chain.
View OriginalReply0

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