MovieBloc to Transfer Custody of MBL Tokens to Foundation's Wallet
CryptoNewsTerminal Staff05 Jun, 2024
MovieBloc to Transfer Custody of MBL Tokens to Foundation's Wallet
MovieBloc (MBL) recently announced through its official Medium page that its custody partner, KARD, will be discontinuing its KARD custody service due to a merger with the Korea Digital Asset Trust. Consequently, all MBL tokens currently held in KARD's custody will be gradually transferred to the foundation's wallet by the end of June. This move is part of MovieBloc's ongoing efforts to enhance the security and accessibility of its platform for users. By transferring custody of MBL tokens to the foundation's wallet, MovieBloc aims to provide users with a more secure and transparent platform. MovieBloc has also stated that it will continue to explore partnerships with other reputable custody providers to ensure the safety and availability of MBL tokens for its users.
