The latest update in Visor Finance’s exploit of 8.8 million VISR tokens saw Visor publish its post-mortem report of the hack, determining the upcoming launch of a new token to replace the formerly stolen VISR. Post exploit, VISR’s price witnessed a steep drop amounting to 94 percent. At press time, VISR was trading at the price of $0.054998, with a market cap that stood slightly over $1 million, according to CoinMarketCap data.
Image Source: CoinGecko
Visor Finance’s new token
Given the token’s unfortunate fall, VISR will now be replaced by a new token with a different ticker to avoid confusion. Furthermore, the company has already initiated the listing process for its new token on several registries to assure visibility and recognition by dexes and wallets. Additionally, the company warned against buying the old VISR in lieu of a drop, as it will not be “redeemable” for the replacement token.
“What we have opted to do is replace the old VISR token ticker symbol with t
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