ChainThink reports that Bitcoin developer Kevin Loaec warned that if a Bitcoin fork related to the controversial proposal BIP-110 occurs this weekend, holders may risk having their actual BTC transferred when selling tokens on the forked chain.
Reports indicate that if Bitcoin splits into two chains, users' BTC balances may exist on both chains simultaneously. Due to the lack of replay protection on both chains initially, transactions signed to sell the forked coins could be replayed on the original Bitcoin network, causing buyers to simultaneously receive an equal amount of genuine BTC.
Loaec stated that, until it is clear how to safely split the assets on both chains, the safest approach is to refrain from moving BTC, as unmoved BTC is not vulnerable to replay attacks.
This risk stems from BIP-110, a proposal aimed at restricting non-payment data, such as images and text, from being included in Bitcoin transactions.
Due to insufficient miner support, software supporting BIP-110 may begin rejecting non-compliant blocks starting at the expected block height of 961,632 this weekend, creating a fork that competes with the main chain.
The current miner signal support rate for BIP-110 is approximately 2.6%, and it remains uncertain whether a fork will actually occur; related trading restrictions are expected to take effect around early September.