PANews reported on September 4th that Morph has completed the destruction of 220,000,000 BGB tokens related to its strategic partnership with Bitget Global, all of which are traceable on-chain. An additional 220,000,000 BGB tokens are locked in a separate address of the foundation, with 2% unlocked monthly over the next 50 months. Morph also plans to transfer BGB tokens from the Ethereum blockchain to the Morph blockchain. Both the destruction and locking of these tokens have been publicly documented on-chain.