🚀 Venom Wraps Up Migration to New Mainnet 🚀 Venom has successfully shifted to its new, state-of-the-art protocol. The new, faster and more secure protocol is already live. ⚡ This is not just a protocol upgrade, it is the start of a new era for Venom. The new mainnet brings: -higher transaction speeds -bolstered security -enhanced comfort and tools for builders and developers -baked-in ecosystem-wide acceleration vectors -scalability tailored to Venom's expanded performance requirements 🔄 Transferring Tokens in SparX Post-Migration If you missed the chance to migrate your tokens, we've got you covered. You can transfer your tokens inside your SparX wallet. 🔎 We will be publishing a comprehensive guide on how to do it, so keep your eyes peeled for further announcements. 📲 You can download a SparX wallet here: sparxwallet.com/download ✨ Welcome to Venom's next epoch.

🚀 New Protocol Migration Begins 🚀 The migration to Venom’s next-generation protocol has begun. ⏳ The migration will last 24 hours. Once it has been completed, we will publish a guide with instructions on how to access the assets on the new network. 🔒 Now that the migration is underway, the portal has been shut down: migrate.venom.network/. Recovery of old assets will be done through seed phrases which should be entered in your Sparx Wallet for new Venom assets. 🙏 Thank you for your patience! As always, if you have and questions are concerns, we will be glad to help.

⚡️ ChainConnect Returns to Service ⚡️ Great news for the Venom ecosystem. After a vulnerability was discovered, the ChainConnect Bridge has been secured, vetted and stress tested, and restored to its full functionality ✅. 🔐 It is important to note that ChainConnect is a separate project that has built upon the Venom ecosystem. The Venom team assisted the ChainConnect team in the recovery and security processes, but the vulnerability was not tied to the Venom network as a whole, rather it was an isolated problem in the ChainConnect platform. 🔄 We remind you that the migration process is ongoing and if you still have tokens on the old chain, you should send them through the migration portal before you withdraw them. 🔗 Migrate now: migrate.venom.network/ 🌉 ChainConnect Bridge: app.chainconnect.com/bridge 🙏 Thank you for your patience during this process. If you have any questions regarding the bridge or the migration, our support team will be glad to help you.

⚠️ Refrain from Bridge Transactions During Final Testing ⚠️ Great news: the ChainConnect bridge has been thoroughly vetted and cleared to resume its full scope of operations. ✅ The vulnerability has been eliminated and all user funds are safe. The relaunch of the bridge is imminent. We ask that users temporarily refrain from using the bridge platform while the final tests are being concluded. 📢 We will publish an announcement shortly, once the final tests are complete. Thank you for your patience.

⏳ Still Time to Compete for 250,000 $VENOM Prize Pool ⏳ ICYMI: 🏆 @origamitech_ is currently hosting a Venom trading competition on KuCoin. 📅 End Date: August 22, 12:00 UTC Join in and leverage your trading skills to win prize money while you still have the chance. 📈 It’s a Grid League event: the more you trade, the higher you rank and the bigger your share of the prize pool. 🔗 Join the competition now and win your share of the prize pool: app.origami.tech/competition…

📰 Bridges Are Crypto’s Achilles’ Heel: A New HackerNoon Article by VF CEO Christopher Louis Tsu 📰 Venom Foundation CEO @louis_tsu breaks down why bridges keep getting hit hard, why the real test isn’t just the code or the audits, and what actually separates solid teams when something breaks in his latest article on HackerNoon. 🔑 Key to correcting the problem are speed, precision, verified info, and real preparation. 👉 Check out the full article here: 🔗 hackernoon.com/bridges-are-c…

🏆 Join the competition now and win your share of the 250,000 $VENOM prize pool: app.origami.tech/competition…

⚡️ Switch to SparX: the cutting-edge wallet for Venom’s upgraded protocol ⚡️ ⬇️ What's awaiting you: • Same addresses & seed phrases • Staking/unstaking built-in • Unified ecosystem experience • Better UX and architecture 📲 Download: sparxwallet.com/download

🛡 ChainConnect Post-Mortem: Alien Proxy Callback Exploit 🛡 On July 26th, an unauthorized caller exploited an access-control flaw in a ChainConnect bridge contract on Venom 2.0. The vulnerability was in their application-level code (specifically the ProxyMultiVaultAlien_V10.onCheckAccumulatedFee callback), which lacked proper sender verification. This allowed the minting of unbacked Alien TIP-3 tokens that were then bridged to Ethereum through the standard flow. The issue was not related to Venom, the TVM, the TIP-3 standard, network infrastructure, relays, or any core components. No keys or privileged access were compromised. Actions taken and fund recovery ChainConnect has taken full responsibility, patched the vulnerability across all affected deployments, and conducted a thorough review of their callback and minting logic. 👉 82.9% of the affected funds (~615k USD) were returned, with 17.1% retained as a bounty. Venom and ChainConnect Venom is an independent public blockchain. ChainConnect is a separate project building on the broader ecosystem. Our team assisted them during the investigation, but we were not involved in the root cause. 🔗 Full technical post-mortem from ChainConnect: t.me/chainconnect_news/9

➡️ Time to Move Beyond Active Addresses ➡️ Venom Foundation’s new report calls out active addresses as an unreliable metric for blockchain adoption. 🤖 Many are inflated by Sybils, bots, and automated activity, giving a false picture of real user growth. They propose better, manipulation-resistant metrics focused on genuine usage. 🔍 Check out the full details in Blockchain Reporter: 🔗 blockchainreporter.net/venom…

Update on the ChainConnect Security Incident The ChainConnect team has identified a security incident affecting their bridge platform and has temporarily suspended all bridge operations while its investigation continues. The Venom team has been in close contact with ChainConnect and is providing assistance throughout the investigation. We will share additional details as soon as verified information becomes available. What you need to know 🔎 ChainConnect is actively investigating the incident with support from the Venom team. ⛔️ The ChainConnect Bridge has been temporarily paused as a precaution. 🛡️ Based on the information currently available, the incident is limited to the ChainConnect Bridge and does not affect the operations of the Venom Network. ✅ No impact to assets held directly on the Venom Network has been identified at this time. Important ❗️ Please do not interact with the ChainConnect Bridge until further notice. ‼️ ChainConnect is an independent ecosystem product built on Venom. The investigation currently concerns the ChainConnect Bridge and the vulnerability should not be interpreted as a compromise of the Venom Network. 🙏 Thank you for your understanding and continued support. Further updates will be shared when verified information becomes available.

✅ ChainConnect Maintenance Successfully Completed ✅ The ChainConnect Bridge platform underwent maintenance work in order to connect to the new Venom network. The Bridge is now fully functional with Venom operations: app.chainconnect.com/bridge Thank you for your patience! 🙏

🛡️Venom Looking for DeFi Insurance Partner 🛡️ Venom Foundation is actively seeking a DeFi insurance partner 🔐 to boost on-chain security and protect user assets. 🤝 Rather than developing its own insurance service, the platform is looking for a professional underwriting collaborator that can offer dependable claims processing and coverage. For more details check out this article: 🔗 blockchainreporter.net/venom… 💬 And if you have any suggestions, leave them in the comments or reach out to us on Discord.

➡️ Migrate Your Venom Tokens ➡️ The new Venom mainnet is live following a flawless migration. Holders can now perform a simple 1:1 swap of their tokens through the official migration portal. There are no address changes and everything is running seamlessly. 🔗 Portal: migrate.venom.network/ ✅ The old chain will remain active for 6 months, so you can migrate at your own pace. 📝 Our CEO, @louis_tsu , just wrote an essay on what Venom's migration means for the industry, check out the full details here: 👉 thecryptoupdates.com/what-ve…

🚀 Venom Mainnet Migration Now Live 🚀 Venom is now moving to the new mainnet! Migrate your $VENOM and $USDT via a 1:1 swap on the official portal. Token supply and vesting remain unchanged. 🔄 Migration Portal: migrate.venom.network 🔑 Key info: • Old mainnet will stay online for 6 months, so move at your own pace • Use SparX Wallet (it is replacing Venom Wallet) → sparxwallet.com/download • The new network features up to 150,000 TPS, sub-second finality, dynamic sharding & more ⚠️ Important Warning The portal works one way only. Do not send tokens back from the new network to the old one or you will lose them. You will also see this warning when signing the migration transfer. 🔗 Full guide & details: venom.foundation/migration ✅ Follow the steps carefully, start with a small test amount, and leave ~0.05 VENOM for fees. Welcome to the new era of Venom! 🔥

➡️ Venom Ecosystem Update: Unstaking & Migration Info ➡️ Dear Venom community, We’ve fully resolved the previous unstaking delays. Unstaking stVENOM now takes 24 to 60 hours. ⚠️ Important for existing requests: If you submitted an unstaking transaction before today, it may still take up to 30 days. You can cancel it directly in the SparX wallet interface and create a new unstaking request to benefit from the updated 24-60 hour processing time. 🔐 Reminder: Your address and seed phrase remain exactly the same as in the previous Venom wallet. 🔄 Why unstake? To participate in the upcoming migration, you must first unstake your stVENOM back to VENOM, then swap VENOM to the new token via the official migration portal (1:1 ratio). 🔜 The portal will open soon, stay tuned for an announcement. 🆕 New workflow: All staking and unstaking operations now happen exclusively inside the SparX wallet using the Stake/Unstake button. There is no longer any need to use VenomStake.com. 👉 We’ve prepared a detailed step-by-step guide on using SparX, including everything you need to know about unstaking: 🔗 medium.com/@venom.foundation… ❗️ Stay tuned for the migration portal announcement. Thank you for your patience and continued support! 🙏

🚀 Venom Wallet Switches Over to SparX 🚀 Dear Venom community, We are excited to announce that Venom Wallet is transitioning to SparX, the new official ecosystem wallet. ⚡️ What is SparX? SparX is a next-generation wallet offering improved performance, better user experience, and full support for all current and upcoming features. What you need to know: ✅ Your address will remain the same ✅ Your seed phrase will remain valid ✅ All your assets and tokens are safe ✅ No action is required until you decide to migrate The migration has begun. Venom Wallet will continue to be fully supported for the next 6 months, but we strongly recommend switching to SparX as soon as possible to enjoy the best experience and future updates. 📲 Download SparX now: sparxwallet.com/download Stay safe and thank you for being part of the Venom journey! ✨

🗣 All of Your Migration Questions Answered 🗣 This is a huge moment for Venom and we understand there are a lot of questions. As a reminder, we have gathered all of your questions and answered them in our FAQ. 🔗 Read out the FAQ here: medium.com/@venom.foundation… ℹ️ And be sure to check venom.foundation/migration for all the latest information. Thank you, and if you have any issues or further questions, don't hesitate to reach out to us! 💬

🌐 Venom Ecosystem Migration: The Next Phase 🌐 The new Venom mainnet is live and producing blocks. Migration tokens are staged and ready. 🚀 The ecosystem is preparing to move. 🔗 All the latest information about the migration is now available here: venom.foundation/migration Where we stand: • New mainnet — deployed, sub-second finality, dynamic sharding live • New explorer — new.venomscan.com/ • New JRPC — jrpc-new.venom.foundation • Migration tokens — staged on-chain, ready for the 1:1 swap • Migration portal — opening soon • Bridge — deployment in progress • ChainConnect — connecting to the new network (transactions currently on pause, full migration expected within ~1 week) • Exchange partners — coordinated support announcements pending The old mainnet will remain online for the next 6 months ⏳ to ensure a smooth transition. 🔗 For any questions, check out our FAQ: medium.com/@venom.foundation… We’ll keep the community updated every step of the way as we complete this important upgrade. ✨ Welcome to the next era of Venom.

⏸️ ChainConnect Undergoing Venom Maintenance Work ⏸️ The ChainConnect Bridge app.chainconnect.com/bridge platform is currently undergoing maintenance work as it connects to the new Venom network. 🔜 Likewise, within a week the migration of tokens from the old network to the new will be carried out so follow the updates for the latest! Thank you for your patience! 🙏