• Latest
  • Trending
Secret Network’s SCRT Migration to Arbitrum Signals Major Shift Amid AI Security Concern

Secret Network’s SCRT Migration to Arbitrum Signals Major Shift Amid AI Security Concern

July 9, 2026
BTC, XRP, ETH price news: Strong in USD, lagging in yen

BTC, XRP, ETH price news: Strong in USD, lagging in yen

July 9, 2026
Swift Launches a Blockchain Ledger to Bring 24/7 Cross-Border Payments to the Global Banking System

Swift Launches a Blockchain Ledger to Bring 24/7 Cross-Border Payments to the Global Banking System

July 9, 2026
NATO Commits $40 Billion to Counter-Drone Defense as Russia Prepares for Conflict

NATO Commits $40 Billion to Counter-Drone Defense as Russia Prepares for Conflict

July 9, 2026
Circle Brings Native EURC To Base As MiCA Gives Euro Stablecoins A Clearer Lane

Circle Brings Native EURC To Base As MiCA Gives Euro Stablecoins A Clearer Lane

July 9, 2026
HYPE faces selling pressure as institutional demand keeps the $100 target alive

HYPE faces selling pressure as institutional demand keeps the $100 target alive

July 9, 2026
Coinbase Chief Legal Officer to Transition to Advisory Role on July 31

Coinbase Chief Legal Officer to Transition to Advisory Role on July 31

July 9, 2026
XRP Keeps Plunging Against Bitcoin

XRP Keeps Plunging Against Bitcoin

July 9, 2026
SN51 is available for trading!

SN51 is available for trading!

July 9, 2026
Grayscale’s CFO exits after 7 years with crypto asset manager

Grayscale’s CFO exits after 7 years with crypto asset manager

July 9, 2026
  • Privacy Policy
Friday, July 10, 2026
MtRushmoreCrypto - Where Crypto Rocks
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
No Result
View All Result
Logo
No Result
View All Result
Home Crypto

Secret Network’s SCRT Migration to Arbitrum Signals Major Shift Amid AI Security Concern

J_News by J_News
July 9, 2026
in Crypto, Top News
0
Secret Network’s SCRT Migration to Arbitrum Signals Major Shift Amid AI Security Concern
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter


Key Takeaways:

  • The Secret Network has announced that it is planning to shift its SCRT token from the Cosmos to Arbitrum on Sept. 1, 2026.
  • The team reportedly referred to the liabilities of falling liquidity within cosmos, weaker infrastructure and security threats driven by Artificial Intelligence.
  • Native and staked SCRT will be eligible for migration, and bridged and contract-held tokens will be ineligible.

Secret Network intends to make a significant change in the entire ecosystem and to shift the native SCRT token from Cosmos to Arbitrum. The transfer will remove SCRT’s core dominance from Cosmos and place it within one of Ethereum’s biggest layer-two bountiful environments.

The plan is pending community approval but there has been a detailed migration process and time line proposed.

scrt-arbitrum

SCRT to Launch as an ERC-20 Token

According to the proposal, a snapshot of eligible SCRT balances will take place on September 1, 2026. A new ERC-20 version of SCRT will then be issued on Arbitrum.

The snapshot will include native SCRT held in wallets and staked SCRT balances. Users do not need to unstake before the migration.

But, liquidity pools (LP) liquidity stores, Bridged LPs, sSCRT and other contract-held balances will not be included. The team stressed that these holdings have to be converted back to native or staked SCRT prior to the snapshot in order to maintain their eligibility.

Binance Banner Ads - 700x60Binance Banner Ads - 700x60

Holders Urged to Prepare Early

Secret Network also urged users with IBC tokens to return to their respective chains before Secret Network’s migration, including ATOM, OSMO and USDC assets.

The claiming will be snapshot based, that is, users will not have to transfer anything before the deadline. Balances that are qualified will be claimable later on a dedicated claiming mechanism on Arbitrum.

AI Security Risks Drive the Decision

sec-drops-clarity-bomb-liquid-staking-not-a-security-says-divisionsec-drops-clarity-bomb-liquid-staking-not-a-security-says-division

One of the strongest arguments behind the proposal is security.

The team cited an example of the risks of ageing blockchain infrastructure with a recent Axelar-Secret bridge incident. The vulnerability didn’t exist if you were using a native SCRT, but it did in association with other older integrations and maintenance issues.

Secret Network said progress in the area of artificial intelligence (AI) now makes it easier to spot vulnerabilities in legacy code. With the ongoing sophistication of AI tools, smaller ecosystems with fewer developer contributions may become more vulnerable to security challenges.

Read More: Binance Teases “AI Pro” Tool, Hinting at Next-Gen Trading Power for Millions

Why Arbitrum Was Chosen

In addition to the security problem, Secret Network notes that the Cosmos ecosystem is not as conductive of liquidity and developer momentum as it used to be.

Arbitrum, on the other hand, offers better DeFi liquidity as well as wallet and exchange support, and a larger builder base. The team believes these advantages can help improve SCRT’s long-term accessibility and adoption.

Related articles

BTC, XRP, ETH price news: Strong in USD, lagging in yen

BTC, XRP, ETH price news: Strong in USD, lagging in yen

July 9, 2026
Swift Launches a Blockchain Ledger to Bring 24/7 Cross-Border Payments to the Global Banking System

Swift Launches a Blockchain Ledger to Bring 24/7 Cross-Border Payments to the Global Banking System

July 9, 2026

The proposal also confirms that SCRT Labs will end official support for the Cosmos-based Secret Network on September 1, 2026. The next phases of development will concentrate on certain confidential features, along with privacy in computation and verifiable off-chain execution, while Arbitrum becomes the token’s new home pending community approval for the migration.

Read More: Pi Network Takes Consensus 2026 by Storm with AI Identity Push and Web3 Utility Vision



Source link

ShareTweetShareShare

Related Posts

BTC, XRP, ETH price news: Strong in USD, lagging in yen

BTC, XRP, ETH price news: Strong in USD, lagging in yen

by J_News
July 9, 2026
0

Early today, traders received Japan’s producer price index for June, which came in at 7.1%, the fastest annual increase since...

Swift Launches a Blockchain Ledger to Bring 24/7 Cross-Border Payments to the Global Banking System

Swift Launches a Blockchain Ledger to Bring 24/7 Cross-Border Payments to the Global Banking System

by J_News
July 9, 2026
0

Key TakeawaysSWIFT launched a blockchain ledger for tokenized deposits, enabling 24/7 global interbank transactions.Seventeen banks will pilot the network, easing...

NATO Commits $40 Billion to Counter-Drone Defense as Russia Prepares for Conflict

NATO Commits $40 Billion to Counter-Drone Defense as Russia Prepares for Conflict

by J_News
July 9, 2026
0

TLDR NATO announced a “Drone Edge” initiative with over $40B in counter-drone investment over five years Norway, Finland, Germany, and...

Circle Brings Native EURC To Base As MiCA Gives Euro Stablecoins A Clearer Lane

Circle Brings Native EURC To Base As MiCA Gives Euro Stablecoins A Clearer Lane

by J_News
July 9, 2026
0

Circle’s EURC launch on Base is a small but important stablecoin infrastructure move. It brings a native euro-denominated token to...

HYPE faces selling pressure as institutional demand keeps the $100 target alive

HYPE faces selling pressure as institutional demand keeps the $100 target alive

by J_News
July 9, 2026
0

Key takeaways Hyperliquid (HYPE) has fallen for four straight days as retail demand weakens amid broader crypto market uncertainty. Futures...

Load More

Enter your email address:

Delivered by FeedBurner

Quick Navigate

  • Home
  • Crypto
  • Crypto Technical Analysis
  • Top News
  • Thank You
  • Store
  • About Us

Top News

NFP, FOMC minutes, and CPI span the next two weeks

From Code to Country: Global AI Show Riyadh 2026 Ignites the Era of Agentic AI and Nation-Building

Pro-Crypto Nigel Farage Quits MP Seat and Vows By-Election Fight Following Controversy Over Latest Donation

© 2021 mtrushmorecrypto - Crypto Related News Blog

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us

© 2021 mtrushmorecrypto - Crypto Related News Blog