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CryptoUpdated•Originally published 15 April 2026•Updated 17 April 2026•

1 min read

Sei Network Expands Asset Risk Warning to WETH Holders Ahead of IBC Shutdown

Key Facts

1Sei's v6.4 upgrade enables the disabling of IBC transfers as part of its EVM transition.

2Approximately $245K in Solana USDC is at risk if holders do not act before the governance vote.

Sei Network has expanded its critical asset warning to include Wormhole-bridged WETH holders, urging them to migrate funds before Inter-Blockchain Communication (IBC) transfers are disabled. This expansion is part of the network's strategic transition to an Ethereum Virtual Machine (EVM) environment following the Sei v6.4 upgrade. Approximately $133,000 in WETH has been identified as being at risk of permanent loss, adding to the $245,000 in Solana-bridged USDC previously flagged. The move necessitates phasing out legacy IBC bridges to streamline the network's new infrastructure. Affected users must complete migration procedures immediately before the upcoming governance vote to ensure asset safety. This technical shift underscores Sei's commitment to EVM compatibility despite the localized risks to non-migrated liquidity.

about 2 months ago

Version History

Version 1about 2 months ago

What changed: The warning scope was expanded to include Wormhole-bridged WETH holders, identifying an additional $133,000 in assets at risk.