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Cosmos Omni-Chain DEX Sifchain’s RedStarling Validator Shutting Down

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...
Cosmos Omni-Chain DEX Sifchain’s RedStarling Validator Shutting Down Cosmos Omni-Chain DEX Sifchain’s RedStarling Validator Shutting Down

  • 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 ...

The post Cosmos Omni-Chain DEX Sifchain’s RedStarling Validator Shutting Down appeared first on Coin Edition.

See original on CoinEdition

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01-05-2024 10:45:17 (UTC+7)

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
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 S&P 5005,035.69↑ Sell
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 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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