They AirDropped eBTCnew to all holders of eBTC who had it in a wallet in which they have access to the private key before the swap. It has nothing to do with the Smart Contract itself. The Smart Contract was solely to create and distribute the new eBTC to holds of the oldeBTC who had it in a wallet which they had access to the private key too (like MyEtherWallet)
Ok. So where are all the extra coins then?
Are they 100% burned? Please show proof.
Otherwise what does this mean? Devs are holding a huge chunk of ebtc now?
Someone did an audit a few pages back, that shows there are only <13.5M circulating supply. The rest won't be released.