From TokenPost · · 50s
Extended Plans Oct 22 Arc Move
Extended plans to move settlement from Starknet to Arc risk forced closures for USDT and wBTC holders.
In brief
Extended plans to move settlement from Starknet to Arc risk forced closures for USDT and wBTC holders. Extended plans to move settlement from Starknet to Arc on Oct 22 risk forced closures for users with over $1 USDT or wBTC in sub-accounts. Originally reported by TokenPost.
Extended plans to move settlement
Extended plans to move settlement from Starknet to Arc put positions at risk for users with more than $1 USDT or wBTC in a sub-account.
Conflicting deadlines for conversion
Extended's notices give conflicting deadlines for holders to complete a conversion or withdrawal of affected assets.
Forced position closures risk
Users who do not take either step risk forced position closures when USDT or wBTC balance exceeds $1 in a sub-account.
What to remember
Extended plans to move settlement from Starknet to Arc on Oct 22 risk forced closures for users with over $1 USDT or wBTC in sub-accounts.
