A developer has raised serious concerns about AscendEX exchange potentially not backing CL8Y tokens 1:1, based on onchain data analysis. The exchange has reportedly ignored multiple requests and wallet data submissions over several months.
Key Points:
- Developer CF recommends users immediately withdraw or sell CL8Y holdings from AscendEX
- Exchange has not responded to onchain transaction evidence
- Concerns echo previous issues with P2B exchange
- CF states they will no longer work with centralized exchanges unless they provide full insurance from trusted third parties for CL8Y holdings
The situation highlights ongoing transparency issues in centralized exchanges and the importance of self-custody. Users holding CL8Y on AscendEX are advised to take immediate action to protect their assets.
They have not responded to my last request on this and have not addressed onchain transaction and wallet data I have sent them over the last few months, so unfortunately we have to assume the worse especially given what happened with P2B. Personally, I will not be working with
CL8Y Bridge Nears Completion with 77% E2E Tests Passing
The CL8Y Bridge development shows significant progress this week: **Testing Status** - 507 unit and integration tests running at 100% pass rate - 47 out of 61 full E2E tests now passing (77%) - Remaining gaps focus on crosschain hash detection and unification - 20-minute E2E test suite covers various scenarios on local devnet **Codebase Metrics** - 50k lines of code plus 12k lines of comments - Language breakdown: 81% Rust, 14% Solidity, 5% shell scripts **Budget & Timeline** - $759.50 of $790 weekly Dev Cluster budget spent on AI inference - Developer expects remaining E2E tests completable within budget - Next phases: internal security audit and frontend dapp development The team continues fixing bugs found during E2E testing, particularly for operator transfer detection and activation. While integration testing runs behind schedule, the project remains within token budget.
馃敡 Technical Debt Delays CL8Y Bridge V1 Launch by 1-2 Days
The CL8Y Bridge team discovered a critical issue with crosschain address encoding during end-to-end testing. The original ASCII encoding approach caused storage byte size errors across different chains. **Key Technical Changes:** - Migrated from ASCII to a robust multichain address encoding system - Created new `multichain-rs` package to handle both USTC and EVM chains - Moved E2E testing from scripts to Rust for better performance - Identified gap in existing multichain libraries for USTC/EVM compatibility **Impact:** - Delays V1 release by 1-2 days - Improves code quality and consistency across operators, cancelers, and tests - Faster bug discovery on devnet through Rust-based testing The team views this as an important technical discovery that strengthens the bridge's foundation, despite the short delay.
馃敡 TerraClassic Bridge Testing Moves to Rust

**TerraClassic<>EVM Bridge Development Update** E2E testing infrastructure has been rewritten from scripts to Rust to handle growing complexity. The migration was prompted by unexpected technical challenges discovered during testing, particularly around crosschain hashing. **Key improvements:** - Faster test execution on local devnet - Quicker bug discovery and resolution - Better handling of integration test requirements **Current status:** Both Operator and Canceler services are functioning correctly on devnet, properly processing valid transfers and rejecting invalid ones. **Next steps:** - Expand test coverage to additional scenarios - Implement Prometheus and Grafana monitoring - Conduct red team testing and internal audits - Release to testnet
USTRIX Community Donates 2% of Supply to UST1CMM Treasury

The USTRIX community has made a significant contribution to support USTR by donating 2% of the total USTRIX token supply to the UST1CMM treasury at [UST1CMM.com/treasury](http://UST1CMM.com/treasury). **Key Details:** - Donation facilitated by @BurnixToken - Represents community backing for USTR initiative - Follows recent milestone of 1M+ $USTC preregistrations across BSC and Terra Classic This treasury contribution demonstrates growing ecosystem support for the CMM (Community Market Maker) initiative.
馃敡 LLM-Powered Security Testing
**Automated Testing Infrastructure for CL8Y Bridge** Developer CF has released a fast Terra Classic testing environment that enables LLM-driven security testing for the CL8Y bridge. **Key Features:** - Allows AI to write automated test scripts - Enables red team testing and fuzz attacks with thousands of attack vectors - Quick deployment/teardown for efficient testing cycles **Available Now:** - Code released at [github.com/PlasticDigits/localterra-cl8y](http://github.com/PlasticDigits/localterra-cl8y) - Implementation examples in cl8y-bridge-monorepo **Current Status:** Bugs continue to be identified and resolved during end-to-end testing, particularly around operator transfer detection. While implementation ran ahead of schedule, testing and integration are behind but within token budget.