Extended Plans Oct. 22 Arc Move as USDT, wBTC Positions Face Closure Risk

Simon Yoon

1 min read

Extended Plans Oct. 22 Arc Move as USDT, wBTC Positions Face Closure Risk

Holders with more than $1 of either asset in a sub-account must convert or withdraw, but Extended's notices give conflicting deadlines.

By Simon Yoon

Published Oct 21, 2026, 1:50 AM EDT

Mentioned assets

USDTTether
BTCBitcoin

A hand hovers above an unmarked conversion screen at night. / TokenPost.ai

Extended plans to move settlement from Starknet to Arc, putting positions at risk for users with more than $1 of Tether (USDT) or Wrapped Bitcoin (wBTC) in a sub-account.

Extended's notices give conflicting deadlines for holders to complete a conversion or withdrawal.

The requirement applies when a USDT or wBTC balance exceeds $1 in a sub-account, and holders can convert or withdraw the affected asset.

Users who do not take either step risk forced position closures.

Extended plans to make the settlement move on Oct. 22.

Simon Yoon

Reporter

Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.