Iron Fish Probes Abnormal wIRON Issuance on Base and Cannot Guarantee Full Backing
On October 28, Iron Fish said it is investigating abnormal wIRON issuance on the Base chain and has asked ChainPort for an urgent review. The team cannot currently guarantee that wIRON is fully backed one to one and advises users to avoid buying wIRON on Base or using related crosschain bridges until further notice. More updates will follow once the facts are confirmed.