Iron Fish: Investigating Abnormal Issuance of wIRON on Base, Full 1:1 Support Temporarily Unassured

Iron Fish: Investigating Abnormal Issuance of wIRON on Base, Full 1:1 Support Temporarily Unassured

2026-10-28 10:54

ChainThink report, October 28: Iron Fish is investigating the abnormal issuance of wIRON on the Base chain and has requested ChainPort conduct an emergency audit.

The team currently cannot guarantee that wIRON is fully backed 1:1 with underlying assets. Iron Fish advises users to refrain from purchasing wIRON on the Base chain or using related cross-chain bridges until further notice.

The team states that additional updates will be released once facts are confirmed.

Disclaimer: Contains third-party opinions, does not constitute financial advice

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