Gate @Gate has successfully completed the $PORT3 1:1 token swap for eligible holders (based on the Gate deposit timestamp of November 22, 2025, at 23:20:51 UTC).
Trading will reopen on Nov 26, 2025 at 12:00 UTC.
$PORT3 New Contract (BSC):
0xf6402bec11bd945bbd46be77e1fa5d477883f6c2
More details:
https://t.co/bqJ2AoWteO
#PORT3 #Gate
If you’re holding on an exchange, the exchange will handle the migration but if your tokens are on a wallet or dex, you’ll need to migrate through the migration portal. If you have any issues or questions regarding the migration process, kindly send us a dm.
You’ll have to migrate to the new tokens through the migration portal, kindly send us a dm if you need any help or have questions concerning the migration process.
Those that bought on DEX are able to migrate their old tokens through the migration portal to receive new tokens at 1:1 of old tokens. If you need help with the migration or you have any issues, kindly send a dm so we assist you.
If you bought on an exchange, it will be migrated automatically for you. If you’re holding on a cold wallet or DEX, you’ll need to migrate through the migration portal. If you need any help or have any issue, kindly send us a dm so we can help.
If you’re holding your coins on dex or cold wallet, you’ll have to migrate them through the migration portal to receive the new coins. If you need any help or have any questions about the migration process, kindly send a dm so we see to it.
The token swap is 1:1 for those that bought before the snapshot, if you bought after, your migration process is different. Not all tokens bought after snapshot will be migrated, those who bought after the hack will be evaluated for a migration. Send us a dm if you bought after.
I bought some coins with several transactions on Binance Wallet yesterday. But it was after 20:56 UTC. I didn't know about your issues and the hack. I'm just a regular trader. You state that you will swap the coins 1:1 only for those who had them in the wallet before the hack. So, does that mean I won't receive any compensation? Is that even fair?
Tokens held on cold wallets are to be migrated through the migration portal to receive the new tokens. If you need any assistance with the migration or have any complaints, kindly send a dm
If you’re holding tokens on metamask, all you have to do is migrate your old tokens through the migration portal to receive the new tokens. If you have any question, difficulty or complaints, kindly send us a dm
If you bought token barter the snapshot, you’ll have to migrate your tokens through the migration portal to receive new tokens. If you have any difficulty, complaints or questions, kindly send us a dm
Port3 Token Update │ Migration Plan
We are initiating a token migration to ensure ecosystem stability and protect user assets. The migration plan is as follows:
1. Migration Ratio
Snapshot was taken at 20:56 UTC (right after the attack). All tokens will be migrated at a 1:1 ratio, with no loss to users. Migration will be done on CEXs also. So your tokens are SAFU.
2. Token Distribution
We will distribute tokens by multi-send, we will send tokens in 200-500 per tx on-chain, to every user who were affected by this hack before 20:56 UTC. We are still confirming how distribution will happen on CEXs, once we will confirm we will update in announcement channel.
3. New Token will Launch Exclusively on BNB Chain
Prior to this incident, we had already announced in April that:
All $PORT3 liquidity on Ethereum would be migrated to BNB Chain.
The new token contract will therefore be deployed only on BNB Chain for enhanced security and consistency.
4. Team Tokens Will Be Burned to Offset the Unauthorized Mint
The excess supply created by the exploit will be fully neutralized through the burning of team tokens, which will be in total 162,750,000 $PORT3 to ensuring the total supply remains unchanged. We filled out the hole and hacker won’t be getting any new tokens and won’t be able to mint any new tokens from the new CA.
We are communicating with exchanges to review the new token contract, and timelines for reopening deposits, withdrawals, and trading will be announced once confirmed.
We have been building this project for years. The Team is here to stay and continue building. We took the hit but we will come out stronger and better. Meanwhile stay with us and just sit tight. YOUR FUNDS ARE SAFU.
We will continue providing updates as the migration progresses. Thank you for your patience and support.
Incident Report: $PORT3 Hacker Attack
PORT3 aimed to support the development of multiple chains, and therefore adopted @nexa_network’s cross-chain token solution, CATERC20. However, CATERC20 contained a boundary-condition validation vulnerability. After the token’s ownership was renounced, the function returned a value of 0, which happened to match the owner-verification condition.
As a result, the ownership check failed and unauthorized access became possible. This issue was not identified in the CATERC20 audit report. Since the Port3 Token had previously renounced ownership for greater decentralization, it was in exactly this vulnerable state.
🧶 (1/3)
(2/3)
The hacker discovered this authorization-verification bug in the PORT3 contract.
At 20:56:24 PM UTC, using address 0xb13A503dA5f368E48577c87b5d5AeC73d08f812E, the hacker initiated a RegisterChains operation, registering his own address as an address authorized to perform BridgeIn operations.
At the same time, the hacker deployed a fake token on the Arbitrum One chain and initiated a cross-chain transaction. Due to the flaw in the BSC-side Port3 token contract, the validation incorrectly passed, resulting in the minting of 1 billion tokens. The hacker then sold these tokens on DEXs, causing a rapid price crash.
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■ DeepMind unveils SIMA 2
■ World Labs launches Marble world model
■ Global conferences like Blockchain Life 2025 and Crypto AI:CON put AI × Web3 on center stage
■ New AI-enhanced Web3 platforms such as BEYOND and CoinFello launch self-custody AI + automated trading tools, solving gas + cross-chain friction
The infrastructure for autonomous agents is rapidly crystallizing.
$PORT3 #PORT3 #AI