PANews reported on September 10th that Shiba Inu developers announced on Tuesday that the long-delayed LEASH v2 migration will begin in the coming days after security firm Hexens completed its review and approval of the new token and its migration contract. Previously, the team had pointed out a hidden flaw in the original LEASH code that undermined its fixed supply design, leading to months of uncertainty. This approval puts an end to the issue.

Developers stated that after the new fix, the contract cannot mint new tokens under any circumstances, and the entire v2 supply has been pre-minted into a multi-signature wallet. During the migration process, v1 tokens will be locked or burned, while the multi-signature wallet will release v2 tokens proportional to each holder's stake. This redesign is based on the OpenZeppelin ERC-20 library to maintain the token's simplicity and auditability. Any advanced features, such as privacy layers, will be added later through wrappers rather than modifications to the base token.