According to Foresight News, Secret Network announced on July 8 that it will migrate SCRT to Arbitrum. A one-time snapshot of SCRT holdings will be conducted on September 1, 2026. After the snapshot, a new ERC-20 version of SCRT will be issued on Arbitrum, which holders can claim via Merkle proof with no assets required upfront and no deadline.
The snapshot includes native SCRT and staked SCRT (including unbonding portions), but excludes sSCRT, SCRT stored in contracts or liquidity pools, and cross-chain tokens. Users must convert these to native or staked SCRT before September 1.