- In mid-October, Sifcore staff were abruptly stopped from wages.
- As per a Reddit post, anyone with assets on the Sifchain’s Peggy bridge is recommended to ‘get them off’.
- The Reddit post also noted that it is very likely that the Peggy bridge will simply fail.
The core developer of Cosmos Omni-Chain Decentralized Exchange, Sifchain, said that the RedStarling validator will be shutting down.
As per a message on RedStarling’s website, Sifcore employees have been abruptly stopped from receiving wages since mid-October. As a result, employees were suggested to shift their assets to other Cosmos Dex.
Another post on Reddit read:
Today, I am announcing I will shut down the RedStarling validator that I manage along with another key infrastructure lead. I have worked hard with Jazear these past few months to a) keep the chain alive and b) find a way to get people paid. There has been no progress.
The post further said anyone with assets on the Sifchain’s Peggy Bridge is recommended to “get them off” as soon as possible. The post claimed that the Peggy Bridge is under Jazear’s control.
The Reddit post also noted that ...
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