Sonic Labs Post-Migration Infrastructure Update

Starting this year, Sonic Labs will implement a number of infrastructure improvements to refine the overall security and the operational structure of the Sonic chain following the dual network migration from Ethereum and Fantom Opera Networks.

As part of this clean-up phase, we are refining our multisig setup to align with Sonic’s new native tooling and security standards, rotating official treasury and operational wallets, and finalizing on-chain accounts that support validators, governance, and essential network operations.

During this process, the community may notice several large on-chain transactions, including treasury movements associated with the new multisig security structure, coordination with centralized exchanges for liquidity, and burn transactions to remove excess liquidity and retire legacy tokens remaining from the migration. These will include transactions across the Foundation, team wallets, EOAs, multisig wallets, bridges, and centralized exchange accounts.

These actions are operational in nature and do not impact user balances or circulating supply. User funds and balances remain unaffected, and no changes are being made to token ownership or validator rewards. 

The goal of this process is simply to establish a more robust framework for clearly accounting and systematically organizing S tokens. This initiative is intended to improve clarity, reduce overhead, and better position Sonic for future improvements and integrations. 

Importantly, this process DOES NOT involve the sale of any S tokens. 

Before moving any assets, an announcement will be made via our X account @SonicLabs, notifying that there will be transfer activity.