Since the upgrade on August 21, 2026 there are 1.443 billion SCRT on the chain instead of 362 million. The much-quoted Arbitrum snapshot on September 1 is not happening, and at Binance trading ends on September 3.
Privacy-focused blockchain Secret Network has revealed intentions to abandon the Cosmos ecosystem in favor of Arbitrum, an Ethereum layer-2 scaling solution. The migration proposal, made public on July 7, emerges just weeks after hackers successfully exploited a bridge vulnerability, stealing $4.7 million in digital assets.
Secret Network proposes moving SCRT to Arbitrum, citing AI exploit risks, old Cosmos code, bridge losses, thin liquidity and a TVL drop.