18.04.2026 09:07

Here's a rewritten version of the news article, incorporating the requested details and stylistic changes:

**Sei Network Initiates Phase-Out of Cosmos-Based Assets, Urging Users to Take Immediate Action**

The Sei Network is moving forward with a significant architectural shift, triggering a critical alert for holders of specific tokens. A recently implemented v6.4 upgrade now allows for the potential permanent disabling of inbound Inter-Blockchain Communication (IBC) transfers, placing assets like USDC, USDT, ATOM, and WBTC at risk of being stranded on the network. This development, detailed in the upgrade's technical specifications, necessitates prompt action from users to safeguard their holdings.

This strategic decision represents the culmination of Sei’s SIP-3 initiative, a deliberate and ongoing transition towards an exclusively Ethereum Virtual Machine (EVM)-compatible ecosystem. The network’s ambition, as articulated by its development team, is to establish itself as a leading platform for decentralized trading applications, akin to a "Decentralized NASDAQ," and this shift away from its Cosmos roots is a key component of that vision. Currently, SEI, the network's native token, is trading at $0.0546, reflecting a 5.06% increase over the past 24 hours and boasting a market capitalization of $367 million, suggesting a current lack of widespread concern regarding the impending changes.

The assets directly impacted by this transition include Wormhole-wrapped USDC tokens (both from Ethereum and Optimism), USDTbs, ATOM, and WBTC. Should a subsequent governance proposal receive approval, these tokens will effectively become inaccessible, with no future possibility of bridging them off the Sei Network. Therefore, proactive measures are essential to avoid potential losses.

To mitigate this risk, Sei Network strongly advises users to immediately bridge their affected assets back to their original chains. Skip:Go or the appropriate bridge interface (specifically Wormhole for the Wormhole-wrapped tokens) should be utilized for this process. For those engaged in decentralized finance (DeFi) activities on Sei, an additional step is required: users must first unwind any existing positions involving these assets within lending protocols or liquidity pools. This involves withdrawing funds before initiating the bridging process.

While a precise deadline for this action has not been formally announced, Sei Network is directing users to closely monitor official communication channels, specifically the @Sei_Labs and @SeiNetwork accounts on X, for updates and further instructions regarding the governance vote and its potential timeline.



I hope this revised version meets your requirements!