Shiba Inu developers said on Tuesday the long-delayed LEASH v2 migration will begin in the coming days after security firm Hexens signed off on the new token and its migration contract.
The approval closes months of uncertainty caused by a hidden flaw in the original LEASH code that undermined its fixed-supply design, as the team had earlier noted.
LEASH was initially marketed as a scarce asset. However, the contract included a rebase mechanism that could alter supply under certain conditions, even after developers claimed the keys were burned.
The contract retained a “hidden-in-plain-sight” control path, with pre-authorized proxies still able to trigger supply changes. The flaw dated back to 2020 and was eventually exploited, eroding confidence in what was supposed to be a hard-capped token – causing a 20% jump in token supply earlier this year.
The new version is intended to close that loophole permanently. Hexens, known for audits of Polygon zkEVM and LayerZero, examined both t
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