Audit log

Every state-changing event for Sei Network: moderation decisions on community submissions, plus corrections and updates from the news pipeline. URL-based decisions carry three independent witnesses — the original source, an Internet Archive snapshot taken at submission time, and a Solana memo signed by our publicly-disclosed publisher key.

1. #1publishby system:backfill

   2026-05-20 03:47:06Z
   Score: ? → ? (no score change)
   anchoranchored

   chain

   ●mainnet-betaslot 420,907,442

   sig

   5eNnur1RFrr2…iTvk84tacopyexplorer ↗

   hash

   7tY4bFprytna…k6CTSFLxcopysha256 → base58

   verifying row…full verify ↗

   canonical bytes (26406 B) ▸

   {"actor":"system:backfill","investigation_id":"485aca9c-9bab-4e05-ae1b-305e5147466e","kind":"publish","page_slug":"sei-network","published_at":"2026-05-20T03:47:06.173Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Sei Network","sections":[{"content":"Sei Network is an open-source, permissionless Layer 1 blockchain specifically built for high-performance trading and DeFi. It was developed by Sei Labs, co-founded in 2021 by Jayendra Jog and Jeffrey (Jeff) Feng. Jog previously served as a lead software engineer at Robinhood, where he worked on KYC processes and built infrastructure components. Feng held roles at Goldman Sachs as a technology investment banker and at Coatue Management as a venture investor, where he worked on investments in companies such as Fireblocks and Alchemy. The project's technical architecture centers on a 'Twin Turbo' consensus mechanism targeting approximately 300-millisecond block finality, and its v2 upgrade in 2024 introduced what Sei Labs described as the first parallelized Ethereum Virtual Machine (EVM). As of mid-2025, over 270 applications are reported to be deployed across DeFi, gaming, NFT, and infrastructure sectors.","heading":"Project Background and Team","severity":"low","sources":[{"credibility":2,"name":"Jeff Feng: Profile and His Role in Building Sei Network — Indodax Academy","type":"other","url":"https://indodax.com/academy/en/jeff-feng-sei-network-profile/"},{"credibility":1,"name":"Trading-focused blockchain Sei raises $30M, bringing valuation up to $800M — TechCrunch","type":"news_article","url":"https://techcrunch.com/2023/04/11/trading-focused-blockchain-sei-raises-30m-bringing-valuation-up-to-800m/"},{"credibility":2,"name":"Sei Network Overview — SimpleSwap","type":"research","url":"https://simpleswap.io/learn/analytics/projects/sei-network-overview"}]},{"content":"Sei Labs raised a $5 million seed round in August 2022, with investors including Multicoin Capital, Coinbase Ventures, Delphi Digital, Hudson River Trading, GSR, Hypersphere, and Flow Traders. In April 2023, the company announced a $30 million raise — described as a Series A — at an $800 million post-money valuation. Investors in that round included Jump Crypto, Distributed Global, Multicoin Capital, Asymmetric Capital Partners, Flow Traders, Hypersphere Ventures, and Bixin Ventures. Sei Labs also launched a $50 million ecosystem and liquidity fund in September 2022. The participation of Jump Crypto is noted as a risk factor given Jump Crypto's own reputational exposure from its involvement in the Terra/Luna collapse in 2022, though no direct linkage to Sei's operations has been established.","heading":"Funding and Investor Base","severity":"low","sources":[{"credibility":1,"name":"Trading-focused blockchain Sei raises $30M — TechCrunch","type":"news_article","url":"https://techcrunch.com/2023/04/11/trading-focused-blockchain-sei-raises-30m-bringing-valuation-up-to-800m/"},{"credibility":1,"name":"Sei Labs Raises $30M for Trading-Focused Layer 1 Blockchain — CoinDesk","type":"news_article","url":"https://www.coindesk.com/business/2023/04/11/sei-labs-raises-30m-for-trading-focused-layer-1-blockchain"},{"credibility":1,"name":"Sei Network developer raising funds at $400 million token valuation — The Block","type":"news_article","url":"https://www.theblock.co/post/213461/sei-network-developer-raising-funds-at-400-million-token-valuation-sources"}]},{"content":"The SEI token launched in August 2023 with a fixed maximum supply of 10 billion tokens. The initial distribution allocates 48% to an ecosystem reserve, 20% to private sale investors subject to vesting, 20% to the team subject to vesting, 9% to the Sei Foundation treasury, and 3% to a Binance Launchpool. Combined insider and investor allocations represent 40% of total supply, which critics have characterized as concentrated. Token unlock events began intensifying in late 2024 as one-year vesting cliffs for the team and private investors expired, with monthly unlocks during peak periods reportedly reaching between 150 million and 200 million tokens. Private investors in the seed round (at $0.005 per token) and private round (at $0.04 per token) achieved nominal return multiples of 135x and approximately 17x respectively relative to mid-2024 market prices, creating significant potential sell pressure. Critics have also noted that inflationary staking rewards dilute non-stakers and that the large ecosystem reserve presents governance risk if token releases are poorly timed or used to subsidize artificial activity.","heading":"Token Distribution and Insider Allocation Concerns","severity":"medium","sources":[{"credibility":2,"name":"Sei Tokenomics Are More Complicated Than They Seem — Crypto News Navigator","type":"research","url":"https://www.cryptonewsnavigator.com/academy/article/sei-tokenomics-distribution-and-dilution"},{"credibility":2,"name":"Sei (SEI) Token Unlocks and Vesting: Schedule and Tokenomics — CryptoRank","type":"research","url":"https://cryptorank.io/price/sei-network/vesting"},{"credibility":2,"name":"Sei's Future-Proofed Tokenomics — Sei Official Blog","type":"official","url":"https://blog.sei.io/seis-future-proofed-tokenomics-setting-the-scene-sei-is-an-open-source-permissionless-layer-1-blockchain-specifically-designed-in-response-to-the-fundamental-use-case-of-blockchains-the/"}]},{"content":"At the time of Sei Network's mainnet launch in August 2023, community members reported that the project's earlier communications indicated airdrop claims would be available at the moment of mainnet launch. When the network went live, claims were not immediately accessible; Sei representatives subsequently clarified via an official post on X (formerly Twitter) that tokens would only become claimable after an unspecified 'warmup' period. The hashtag '#SeiScam' trended on X among a subset of disgruntled participants. User complaints centered on: (1) changes to airdrop eligibility criteria that were made without advance notice; (2) alleged favoritism toward large fund-bridgers ('whale behavior') over diligent testnet participants; and (3) technical issues with the Wormhole bridge reaching its daily limit, preventing users from moving assets off-chain after claiming. CoinDesk reported on the frustration at launch as 'mounting.' The Sei Foundation publicly acknowledged the bridge issue and attributed it to the Wormhole daily cap. No evidence was found of fraudulent conduct meeting a legal threshold; the backlash appears to reflect community dissatisfaction with communication and reward distribution decisions rather than misappropriation of funds.","heading":"Airdrop Controversy and Community Backlash (2023)","severity":"medium","sources":[{"credibility":1,"name":"Sei, Blockchain Designed for Trading, Goes Live but 'Frustration' Mounts Over Airdrop — CoinDesk","type":"news_article","url":"https://www.coindesk.com/tech/2023/08/16/sei-blockchain-designed-for-trading-goes-live-but-frustration-mounts-over-airdrop"},{"credibility":2,"name":"SEI Crypto Token: Scam Accusations Explored — Bitcoinist","type":"news_article","url":"https://bitcoinist.com/sei-crypto-token-scam-accusations-explored/"},{"credibility":2,"name":"Farmers complain of barren fields after Sei airdrop — Blockworks","type":"news_article","url":"https://blockworks.co/news/sei-airdrop-farmers"},{"credibility":3,"name":"Sei and Sui Airdrop Controversy: A Deeper Dive — Suipiens","type":"other","url":"https://suipiens.com/blog/sei-and-sui-airdrop-controversy-a-deeper-dive/"}]},{"content":"Prior to production deployment in April 2024, two significant vulnerabilities were discovered in Sei's codebase and disclosed through its bug bounty program. The first bug had the potential to halt the chain by triggering an ABCI panic. The second, more severe, bug could allegedly allow an attacker to freely transfer funds out of any account without authorization. The Sei Foundation awarded $2,000,000 for the disclosure of the fund-transfer vulnerability and $75,000 for the chain-halt vulnerability. Neither vulnerability was exploited in production; both were reportedly addressed before deployment. The project had also undergone formal security audits: CertiK conducted a protocol security assessment in July 2023, and Oak Security conducted a Sei Chain and CosmWasm audit in May 2023. No known production-level exploits of the Sei Network protocol itself have been publicly documented as of the date of this report.","heading":"Security Vulnerabilities and Bug Bounties","severity":"medium","sources":[{"credibility":2,"name":"Sei Protocol — CertiK Skynet Project Insight","type":"research","url":"https://skynet.certik.com/projects/sei-protocol"},{"credibility":2,"name":"High-performance Layer1 and Parallel EVM: Analysis of Sei Network — Beosin","type":"research","url":"https://beosin.com/resources/high-performance-layer1-and-parallel-evm-analysis-of-sei-network-and-its-ecosystem"},{"credibility":2,"name":"Sei: A 2024 Ecosystem Overview — Stakin","type":"research","url":"https://stakin.com/blog/sei-a-2024-ecosystem-overview"}]},{"content":"Sei Network's validator set has been flagged by analysts for relatively low decentralization. A Nakamoto coefficient of approximately 7 has been reported, meaning that coordinated action by as few as 7 validators could theoretically influence or compromise the network. This figure compares unfavorably to more mature Layer 1 networks. The low coefficient is attributed in part to Sei's early-stage validator ecosystem and the concentration of staked tokens among large delegators. The project has not publicly committed to a specific target Nakamoto coefficient or timeline for improving validator diversity as of this writing.","heading":"Decentralization and Validator Concentration","severity":"medium","sources":[{"credibility":2,"name":"Sei Network Review 2026: Solana Killer? — Coin Bureau","type":"research","url":"https://coinbureau.com/review/sei-network-review"},{"credibility":3,"name":"Sei Network Research Report — BlockPulse on Medium","type":"research","url":"https://medium.com/@BlockPulse_Web3/sei-network-research-report-the-pioneer-of-parallel-evm-and-a-network-on-the-verge-of-ecosystem-4cfe6b5cf7b9"}]},{"content":"In May 2025, Sei Labs submitted SIP-3, a governance proposal to deprecate CosmWasm smart contracts and native Cosmos-based transactions in favor of an EVM-only architecture. The proposal was approved by the Sei community. Under the approved transition timeline, inbound IBC transfers were disabled in a February 2026 release, the native oracle was removed in March 2026, and Cosmos stack functionality — including CosmWasm contracts, IBC interoperability, and native bech32 addresses — was disabled on April 6, 2026. This migration required CosmWasm developers to migrate applications to the EVM and required users holding assets in Cosmos-native wallets to migrate to EVM wallets. The Block reported on community deliberation around the proposal. This architectural shift, while potentially improving performance, carries transition risk for existing users and developers who may not migrate in time, and has the effect of breaking backward compatibility with previously deployed CosmWasm contracts.","heading":"Architecture Transition Risk (SIP-3: Cosmos Deprecation)","severity":"medium","sources":[{"credibility":1,"name":"Sei community weighs proposal to deprecate native Cosmos accounts, move to EVM-only model — The Block","type":"news_article","url":"https://www.theblock.co/post/353610/sei-community-weighs-evm-only-proposal-deprecate-cosmos-functionality"},{"credibility":1,"name":"Why Sei Wants to Cut Cosmos Compatibility, Go All-In on Ethereum — CoinDesk","type":"news_article","url":"https://www.coindesk.com/tech/2025/05/08/sei-wants-to-cut-cosmos-compatibility-and-go-all-in-on-ethereum"},{"credibility":2,"name":"SIP-3: Deprecating CosmWasm & Cosmos — GitHub Discussion","type":"official","url":"https://github.com/sei-protocol/sips/discussions/9"},{"credibility":2,"name":"Sei sets mid-2026 deadline to become EVM-only — MEXC News","type":"news_article","url":"https://www.mexc.com/news/498121"}]},{"content":"As of the date of this report, no regulatory enforcement actions — including from the SEC, CFTC, or DOJ — have been brought against Sei Labs, the Sei Foundation, or the SEI token. The SEC has not publicly designated SEI as a security. However, as noted in the 21Shares S-1 registration statement filed with the SEC in August 2025 for a proposed spot SEI ETF, there is an acknowledged legal risk: if the SEC or a federal court were to determine that SEI is offered or sold as a security, the value of associated trusts could decline significantly and the trusts could be terminated. Canary Capital also filed a proposal for a SEI ETF. These filings reflect institutional interest but do not constitute regulatory approval or endorsement of the underlying asset. In June 2025, Wyoming's Stable Token Commission shortlisted Sei alongside Aptos for the pilot of the Wyoming Stable Token (WYST), a prospective state-backed fiat-collateralized stablecoin. Sei's selection score was 30 out of a possible total, slightly below Aptos at 32.","heading":"Regulatory Environment and ETF Filings","severity":"low","sources":[{"credibility":1,"name":"21Shares Sei ETF - Form S-1 — SEC EDGAR","type":"regulatory","url":"https://www.sec.gov/Archives/edgar/data/0002061623/000121390025081796/ea0254933-s1_21shares.htm"},{"credibility":2,"name":"21Shares Files for SEI ETF After Canary Capital — CoinPedia","type":"news_article","url":"https://coinpedia.org/news/21shares-files-for-sei-etf-after-canary-capital/"},{"credibility":2,"name":"Wyoming Shortlists Aptos, Sei for WYST Stablecoin Pilot — CoinTelegraph","type":"news_article","url":"https://cointelegraph.com/news/wyoming-stablecoin-pilot-aptos-sei"},{"credibility":2,"name":"SEI Price Soars over 10% as Wyoming Picks It for State Stablecoin — FX Street","type":"news_article","url":"https://www.fxstreet.com/cryptocurrencies/news/sei-price-forecast-sei-rallies-as-wyoming-selects-protocol-for-wyst-stablecoin-pilot-202506201251"}]},{"content":"Multiple sources document fraudulent schemes that use the Sei Network name as bait but are unaffiliated with Sei Labs or the Sei Foundation. A $50 million Ponzi scheme operated via Telegram from late 2024 through approximately June 2025 allegedly offered discounted vested token allocations for SEI alongside other trending altcoins including Aptos, SWELL, and NEAR. CoinGape reported on the scam's structure and noted the use of SEI's name was incidental to the scheme's use of multiple prominent altcoin brands. Additionally, Central Bank of Ireland issued a warning about an unauthorized firm cloning the identity of SEI Investments (a separate, unrelated registered investment management firm). Users should be aware that Sei Network's brand recognition makes it a target for impersonation and social-engineering fraud.","heading":"Third-Party Scams Exploiting the Sei Brand","severity":"high","sources":[{"credibility":2,"name":"Who's Behind the $50M Telegram Scam Using SUI, NEAR, SEI as Bait? — CoinGape","type":"news_article","url":"https://coingape.com/trending/whos-behind-the-50m-telegram-scam-using-sui-near-sei-as-bait/"},{"credibility":3,"name":"Sei — how not to become a target of scammers — Medium","type":"community_report","url":"https://medium.com/@factfacts47/sei-how-not-to-become-a-target-of-scammers-f255c056d59f"}]},{"content":"Sei Network's total value locked (TVL) grew from approximately $10 million at the start of 2024 to a reported peak of $688 million in July 2025 according to DeFiLlama data. The dominant protocol by TVL is Yei Finance, a money market that at peak held over $381 million, representing more than 50% of Sei's total TVL. Takara Lend also reached over $100 million in TVL. Gaming activity on Sei was reported at 116 million transactions in Q3 2025, representing 138% quarter-on-quarter growth. The Sei Foundation announced a $65 million Sapien Capital Venture Fund in January 2025 targeting decentralized science (DeSci) startups. These figures originate from ecosystem reports and should be independently verified on-chain; TVL figures in DeFi can be subject to double-counting and incentive-inflated activity.","heading":"Ecosystem Growth and On-Chain Metrics","severity":"low","sources":[{"credibility":2,"name":"Sei - DeFi TVL, Fees, & Revenue — DefiLlama","type":"on_chain","url":"https://defillama.com/chain/sei"},{"credibility":1,"name":"What's Driving SEI Prices as Token Soars 50% in a Week — CoinDesk","type":"news_article","url":"https://www.coindesk.com/markets/2025/06/26/whats-driving-sei-prices-as-token-soars-50-in-a-week"},{"credibility":2,"name":"Sei Ecosystem — Blockbase Insights","type":"research","url":"https://insights.blockbase.co/sei-ecosystem/"}]}],"sources_used":[{"credibility":1,"name":"Trading-focused blockchain Sei raises $30M — TechCrunch","type":"news_article","url":"https://techcrunch.com/2023/04/11/trading-focused-blockchain-sei-raises-30m-bringing-valuation-up-to-800m/"},{"credibility":1,"name":"Sei Labs Raises $30M for Trading-Focused Layer 1 Blockchain — CoinDesk","type":"news_article","url":"https://www.coindesk.com/business/2023/04/11/sei-labs-raises-30m-for-trading-focused-layer-1-blockchain"},{"credibility":1,"name":"Sei, Blockchain Designed for Trading, Goes Live but 'Frustration' Mounts Over Airdrop — CoinDesk","type":"news_article","url":"https://www.coindesk.com/tech/2023/08/16/sei-blockchain-designed-for-trading-goes-live-but-frustration-mounts-over-airdrop"},{"credibility":1,"name":"Sei community weighs proposal to deprecate native Cosmos accounts, move to EVM-only model — The Block","type":"news_article","url":"https://www.theblock.co/post/353610/sei-community-weighs-evm-only-proposal-deprecate-cosmos-functionality"},{"credibility":1,"name":"Why Sei Wants to Cut Cosmos Compatibility, Go All-In on Ethereum — CoinDesk","type":"news_article","url":"https://www.coindesk.com/tech/2025/05/08/sei-wants-to-cut-cosmos-compatibility-and-go-all-in-on-ethereum"},{"credibility":1,"name":"What's Driving SEI Prices as Token Soars 50% in a Week — CoinDesk","type":"news_article","url":"https://www.coindesk.com/markets/2025/06/26/whats-driving-sei-prices-as-token-soars-50-in-a-week"},{"credibility":1,"name":"21Shares Sei ETF - Form S-1 — SEC EDGAR","type":"regulatory","url":"https://www.sec.gov/Archives/edgar/data/0002061623/000121390025081796/ea0254933-s1_21shares.htm"},{"credibility":2,"name":"Wyoming Shortlists Aptos, Sei for WYST Stablecoin Pilot — CoinTelegraph","type":"news_article","url":"https://cointelegraph.com/news/wyoming-stablecoin-pilot-aptos-sei"},{"credibility":2,"name":"SEI Crypto Token: Scam Accusations Explored — Bitcoinist","type":"news_article","url":"https://bitcoinist.com/sei-crypto-token-scam-accusations-explored/"},{"credibility":2,"name":"Farmers complain of barren fields after Sei airdrop — Blockworks","type":"news_article","url":"https://blockworks.co/news/sei-airdrop-farmers"},{"credibility":2,"name":"Who's Behind the $50M Telegram Scam Using SUI, NEAR, SEI as Bait? — CoinGape","type":"news_article","url":"https://coingape.com/trending/whos-behind-the-50m-telegram-scam-using-sui-near-sei-as-bait/"},{"credibility":2,"name":"Sei Tokenomics Are More Complicated Than They Seem — Crypto News Navigator","type":"research","url":"https://www.cryptonewsnavigator.com/academy/article/sei-tokenomics-distribution-and-dilution"},{"credibility":2,"name":"Sei (SEI) Token Unlocks and Vesting — CryptoRank","type":"research","url":"https://cryptorank.io/price/sei-network/vesting"},{"credibility":2,"name":"Sei Protocol — CertiK Skynet","type":"research","url":"https://skynet.certik.com/projects/sei-protocol"},{"credibility":2,"name":"Sei - DeFi TVL — DefiLlama","type":"on_chain","url":"https://defillama.com/chain/sei"},{"credibility":1,"name":"Sei Network developer raising funds at $400M valuation — The Block","type":"news_article","url":"https://www.theblock.co/post/213461/sei-network-developer-raising-funds-at-400-million-token-valuation-sources"},{"credibility":2,"name":"Sei's Future-Proofed Tokenomics — Sei Blog","type":"official","url":"https://blog.sei.io/seis-future-proofed-tokenomics-setting-the-scene-sei-is-an-open-source-permissionless-layer-1-blockchain-specifically-designed-in-response-to-the-fundamental-use-case-of-blockchains-the/"},{"credibility":2,"name":"Sei v2 - The First Parallelized EVM Blockchain — Sei Blog","type":"official","url":"https://blog.sei.io/sei-v2-the-first-parallelized-evm/"},{"credibility":2,"name":"SIP-3: Deprecating CosmWasm & Cosmos — GitHub","type":"official","url":"https://github.com/sei-protocol/sips/discussions/9"},{"credibility":2,"name":"Sei Network Review 2026 — Coin Bureau","type":"research","url":"https://coinbureau.com/review/sei-network-review"},{"credibility":2,"name":"High-performance Layer1 and Parallel EVM: Analysis of Sei Network — Beosin","type":"research","url":"https://beosin.com/resources/high-performance-layer1-and-parallel-evm-analysis-of-sei-network-and-its-ecosystem"},{"credibility":2,"name":"Sei: A 2024 Ecosystem Overview — Stakin","type":"research","url":"https://stakin.com/blog/sei-a-2024-ecosystem-overview"},{"credibility":2,"name":"Jeff Feng: Profile and His Role in Building Sei Network — Indodax Academy","type":"other","url":"https://indodax.com/academy/en/jeff-feng-sei-network-profile/"},{"credibility":2,"name":"Sei Ecosystem — Blockbase Insights","type":"research","url":"https://insights.blockbase.co/sei-ecosystem/"}],"summary":"Sei Network is a Layer 1 blockchain developed by Sei Labs, co-founded in 2021 by Jayendra Jog and Jeff Feng, designed to optimize high-throughput trading and DeFi with a parallelized EVM architecture. The project raised $35 million across seed and Series A rounds from prominent crypto VCs, launched its mainnet in August 2023, and has grown to over $600 million in TVL as of mid-2025. While no regulatory enforcement actions have been brought against Sei Labs or the Sei Foundation directly, the project faced community backlash over its 2023 airdrop distribution and carries structural risk concerns related to token unlock schedules, insider allocation concentration, and a low validator decentralization score.","timeline":[{"date":"2021-01-01","event":"Sei Labs co-founded by Jayendra Jog and Jeffrey Feng.","source":"Indodax Academy","source_url":"https://indodax.com/academy/en/jeff-feng-sei-network-profile/"},{"date":"2022-08-01","event":"Sei Labs raises a $5 million seed round from Multicoin Capital, Coinbase Ventures, Delphi Digital, Hudson River Trading, GSR, Hypersphere, and Flow Traders.","source":"TechCrunch","source_url":"https://techcrunch.com/2023/04/11/trading-focused-blockchain-sei-raises-30m-bringing-valuation-up-to-800m/"},{"date":"2022-09-01","event":"Sei Labs launches a $50 million ecosystem and liquidity fund.","source":"TechCrunch","source_url":"https://techcrunch.com/2023/04/11/trading-focused-blockchain-sei-raises-30m-bringing-valuation-up-to-800m/"},{"date":"2023-04-11","event":"Sei Labs announces $30 million raise at $800 million post-money valuation, with Jump Crypto, Distributed Global, Multicoin Capital, Asymmetric Capital Partners, Flow Traders, Hypersphere Ventures, and Bixin Ventures participating.","source":"TechCrunch / CoinDesk","source_url":"https://techcrunch.com/2023/04/11/trading-focused-blockchain-sei-raises-30m-bringing-valuation-up-to-800m/"},{"date":"2023-05-01","event":"Oak Security completes audit of Sei Chain and CosmWasm.","source":"CertiK / Beosin","source_url":"https://skynet.certik.com/projects/sei-protocol"},{"date":"2023-07-01","event":"CertiK completes protocol security assessment of Sei.","source":"CertiK Skynet","source_url":"https://skynet.certik.com/projects/sei-protocol"},{"date":"2023-08-15","event":"Sei Network mainnet launches. Community frustration mounts over inaccessible airdrop claims and the #SeiScam hashtag trends on X.","source":"CoinDesk","source_url":"https://www.coindesk.com/tech/2023/08/16/sei-blockchain-designed-for-trading-goes-live-but-frustration-mounts-over-airdrop"},{"date":"2024-04-01","event":"Two critical vulnerabilities discovered in Sei codebase — one capable of halting the chain, another capable of enabling unauthorized fund transfers — both reported via bug bounty program before production deployment. Sei Foundation awards $2,075,000 in total bounty payments.","source":"Stakin / Sei ecosystem reports","source_url":"https://stakin.com/blog/sei-a-2024-ecosystem-overview"},{"date":"2024-07-01","event":"Sei v2 upgrade goes live, introducing the parallelized EVM and interoperability with Ethereum tooling.","source":"Sei Official Blog","source_url":"https://blog.sei.io/sei-v2-the-first-parallelized-evm/"},{"date":"2025-01-29","event":"Sei Foundation announces $65 million Sapien Capital Venture Fund targeting DeSci startups.","source":"Sei Ecosystem — Blockbase Insights","source_url":"https://insights.blockbase.co/sei-ecosystem/"},{"date":"2025-05-08","event":"Sei Labs submits SIP-3, a governance proposal to deprecate CosmWasm and Cosmos accounts in favor of EVM-only architecture. Community approves the proposal.","source":"CoinDesk / The Block","source_url":"https://www.coindesk.com/tech/2025/05/08/sei-wants-to-cut-cosmos-compatibility-and-go-all-in-on-ethereum"},{"date":"2025-06-20","event":"Wyoming Stable Token Commission shortlists Sei (score: 30) and Aptos (score: 32) for the WYST state-backed stablecoin pilot.","source":"CoinTelegraph","source_url":"https://cointelegraph.com/news/wyoming-stablecoin-pilot-aptos-sei"},{"date":"2025-08-28","event":"21Shares files an S-1 registration statement with the SEC for the first proposed spot SEI ETF, with Coinbase Custody named as custodian.","source":"SEC EDGAR","source_url":"https://www.sec.gov/Archives/edgar/data/0002061623/000121390025081796/ea0254933-s1_21shares.htm"},{"date":"2026-04-06","event":"Sei Network disables its entire Cosmos stack — CosmWasm contracts, IBC interoperability, native oracle, and bech32 addresses — completing the transition to an EVM-only chain.","source":"BlockEden / MEXC News","source_url":"https://blockeden.xyz/blog/2026/04/03/sei-network-drops-cosmos-evm-only-sip-3-migration-multi-vm-architecture/"}]},"v":1}

   Verify offline (run on your own machine)

   python -m src.verify_decision 4e9f8e8e-ad22-4cd5-8656-73d9e8af9451copy