Chia has asked CAT holders to upgrade to a 1.5.0 wallet to enable the re-issuance and cancel any offers in progress. JPRubin23 reports
, “raised a potential class of vulnerabilities,” prompting Chia to probe more deeply, the blog post says. Chia determined that while holders’ CATs were safe, one risk area was potentially significant enough to warrant the change to CAT2.
A number of blockchain protocols hire auditors to look for weaknesses, but token re-issuances are infrequent. Hainsworth said that as “an enterprise and institutional-focused blockchain,” the company has made security issues a priority and conducts regular audits of new releases. Chia engaged Trail of Bits, a respected security audit firm, in December, a month before launching the CAT.
He added that the upgrade would not affect XCH, although Chia will ask holders to cancel in-progress offers to sell XCH for CAT1s, so they don’t wind up with “worthless tokens.”The CAT1 end-of-life point will serve as a reference for re-issuance of CATs. For example, holders with 1,000 USDS in CAT1 in their wallets at the end-of-life block height will receive the same amount in CAT2 via an issuer, such as Stably.
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