Shiba Inu Developers Clear Final Hurdle for LEASH v2 Migration

Developers purpose to rebuild assurance aft a hidden rebase flaw successful v1, promising a simple, auditable token structure.

Updated Sep 10, 2025, 11:43 a.m. Published Sep 10, 2025, 11:28 a.m.

Shiba Inu developers said connected Tuesday the long-delayed LEASH v2 migration volition statesman successful the coming days aft information steadfast Hexens signed disconnected connected the caller token and its migration contract.

The support closes months of uncertainty caused by a hidden flaw successful the archetypal LEASH codification that undermined its fixed-supply design, arsenic the squad had earlier noted.

LEASH was initially marketed arsenic a scarce asset. However, the declaration included a rebase mechanics that could change proviso nether definite conditions, adjacent aft developers claimed the keys were burned.

The declaration retained a “hidden-in-plain-sight” power path, with pre-authorized proxies inactive capable to trigger proviso changes. The flaw dated backmost to 2020 and was yet exploited, eroding assurance successful what was expected to beryllium a hard-capped token - causing a 20% leap successful token proviso earlier this year.

The caller mentation is intended to adjacent that loophole permanently. Hexens, known for audits of Polygon zkEVM and LayerZero, examined some the LEASH v2 token and its migration system.

Developers said the declaration cannot mint caller tokens nether immoderate circumstances pursuing the caller fixes, and that the afloat proviso of v2 has already been minted into a multisignature wallet.

During migration, v1 tokens volition beryllium locked oregon burned portion v2 tokens are released from the multisig successful proportionality to each holder’s entitlement.

The redesign is based connected OpenZeppelin ERC-20 libraries to support the token elemental and auditable. Any precocious features, specified arsenic privateness layers, would beryllium added aboriginal done wrappers alternatively than changes to the basal token.

SHIB prices are down 1% implicit the past 24 hours, successful enactment with a level broader crypto market

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