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Horizen Bridge Cutoff on Nov. 4 Excludes USDC.e From DAO Recovery Plan
(1 day ago) · 1 source · Summarized by CryptoBipto
Horizen is set to shut down its bridge on November 4, leaving holders of bridged USDC (USDC.e) without a path to recover their funds through the project's DAO recovery plan. Users who have not moved their USDC.e tokens before the cutoff date may face losses as those assets fall outside the scope of the planned recovery process.
WHY IT MATTERS
In crypto, a "bridge" is like a ferry service that moves tokens from one blockchain to another.
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SOURCES
- thedefiant.io
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USDCBridgesStablecoinsDAO GovernanceAsset Recovery
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