Overview
- The foundation said all HYPE at Assistance Fund address 0xfefefefefefefefefefefefefefefefefefefefe is now treated as burned and removed from total and circulating supply.
- Validators approved the recognition with 85% support, with 7% opposed and 8% abstaining in the stake-weighted vote.
- The tokens sit in a system address without a private key and would be unreachable without a hard fork, confirming their irretrievability.
- No new on-chain transaction was required because the decision formalizes accounting for tokens that were already inaccessible.
- The process included advance signaling by validators before Dec. 21 and allowed users to restake with aligned validators through Dec. 24.