Founder/CEO at Moonveil Entertainment @Moonveil_Studio.
Game builder. @AstrArk_World @Bushwhack_World
Lifetime hardcore gamer.
ex- @riotgames, ex-banker
ANNOUNCEMENT:
At approximately 2:00 AM UTC on December 19, the Moonveil team detected suspicious and unauthorized transactions originating from our node / staking contract creator wallet address.
The team immediately initiated an investigation. We have confirmed that the deployer wallet was compromised. Within roughly one hour, the attacker extracted 55M+ MORE tokens from the node reserve and began gradually selling them on DEX platforms. After that, approximately 14.9M MORE were sold, 7.40M MORE were deposited to MEXC, and 34M MORE tokens were unexpectedly sent back to us, without any prior notice or communication.
Immediately after identifying the issue, we took the following actions:
- Contacted @binance team to assist in monitoring the attacker’s wallet address and to help restrict any potential transfers or off-ramping of funds.
- Removed liquidity from all DEX pools and cancelled all active CEX orders to prevent further market impact.
- Contacted MEXC team to freeze of the affected MORE tokens.
Important Notice to the Community:
- Please DO NOT trade MORE on any DEX pools until this matter is fully resolved and an official update is provided.
- We will continue to share verified and confirmed information as it becomes available.
This is a high-level initial update to keep the community informed. Further details will be shared once the situation has been fully assessed.
— Moonveil Team
(English version + 中文在后半部分)
It’s really unfortunate — and honestly quite disappointing — to see how Gate handled the $MORE perps situation. From the very first day $MORE perps went live after TGE, to their sudden delisting on October 7, there was never any material communication from the Gate team.
We understand that many CEXs have their own internal processes regarding perps without early notice to projects, and we can respect that. But when there were still $2–3 million USD value in open interest, including a lot of our long-term supporters and investors, making the decision to delist with less than 24 hours’ notice, and almost no dialogue, inevitably caused a wave of forced liquidations. Some users didn’t even have time to react to the announcement before their positions were closed. From our side, it was almost impossible for our market makers and us to well prepare for such a shock in that short window.
Even so, we still believe what this industry needs most are builders who keep building. Since our TGE, the journey hasn’t been easy, but we’ve stayed true to the direction we believe in — proving our commitment through real actions:
- Starry Sort hit the top of the download charts in several regions right after its first test.
- Bushwhack received amazing feedback during its community test — some KOL rooms even got so full people couldn’t get in.
- We’ve kept delivering, testing, and launching multiple products. Our mini-game Puffy Match is now officially live on LINE Mini App.
- We’ve been constantly improving node performance based on community feedback and directly subsidizing node operation costs.
- Our staking features keep evolving, further strengthening the real utility of $MORE.
All of these are the small but steady steps that show what we’ve been building all along.
Through this sudden black swan event, we also saw the trust and support from our partners and community — and that truly touched us.
- Huge thanks to Ann @A_unicornverse and the UnicornVerse @unicornverse_io team — true diamond-hand believers who’ve been patient and unwavering in their support.
- Almost no one in the UX community @unicornxdex chose to sell their $MORE.
- Our partners from CIS, Korea, and strategic allies like Impossible Finance @impossible_ all reached out immediately to express their support and stood with us to communicate with the community and face the challenge together.
Markets can change very quickly, but the sincerity and trust between people are something real and lasting. We’ll always remember everyone who’s stood by Moonveil during these tough days.
We’re not backing down.
We believe the ones who truly move this industry forward are those who stay resilient and keep creating value, even in hard times.
And we still firmly believe that the $MORE token is the heart and value anchor of our whole ecosystem — it connects all the builders and partners walking this path with us.
We’ll keep supporting the market through game-profit-backed buybacks, and we’ll keep moving forward — side by side with everyone who believes in us.
*********************************************
非常遗憾、也非常惋惜地看到Gate对于perps的处理方式。从TGE首日Gate上架perps,到10月7日下架,整个过程中Gate团队从未与我们有过任何沟通。我们理解在行业内,很多CEX都有类似的操作流程,这一点我们也能体谅。然而在Gate perps仍有2至3百万美元未平仓头寸、且其中包含大量长期支持我们的用户和投资人时,仍然选择在几乎没有提前沟通、不到24小时的通知下直接下架,这无疑会导致多头仓位被迫集中平仓,或部分用户因未及时关注公告而遭遇强平。从我们自身的角度,无论是让MM或合作方准备,都几乎不可能在如此短的时间内承受这样的冲击。
即便如此,我们依然相信,这个行业最需要的是那些持续建设的builder。从TGE以来,我们的道路并不平坦,但我们始终坚定地走在自己认定的方向上——一步步用行动去兑现承诺:
- 多款产品持续交付、测试、上架。我们的小游戏 Puffy Match 已经在 LINE mini app 正式上线;
- Starry Sort 首次测试就登上多个地区下载榜首;
- Bushwhack 社区测试期间获得了本地玩家的热烈反馈,甚至出现KOL赛事房间“挤不进去”的场面;
- 根据用户反馈,我们不断优化节点性能,并直接补贴节点运营费用;
- Staking 等功能持续完善,进一步增强了 $MORE token 的实用性。
这些点滴,都是我们持续建设的真实印记。
在这次突如其来的黑天鹅事件中,我们也看到了合作伙伴与社区对我们的信任与支持,许多瞬间都让我们深受感动。
- 非常感谢Unicornverse @unicornverse_io 的Ann总 @A_unicornverse 和团队作为钻石手金主和有耐心的资本,对我们坚定的相信和支持;
- UX社区 中持有 $MORE 的用户几乎没有人选择售出;
- 来自 CIS、韩国等地区的社区合作方,以及 Impossible Finance @impossible_ 等战略合作伙伴,都在第一时间主动联系我们,表达支持,与我们并肩和社区沟通、应对挑战。
市场瞬息万变,但人与人之间的真诚与信任始终真实可感。我们会铭记这段时间以来所有坚定陪伴、支持Moonveil的伙伴们。
在这样的环境下,我们不会退缩。
我们相信,真正能推动行业前行的,是那些在逆境中仍然保持韧性、坚持创造价值的人。
此外,我们依然坚信,$MORE token 是整个生态的价值锚点——它连接了所有与我们共同建设的伙伴,是Moonveil成长与进步的象征。
我们也会继续以游戏收入和现金流为支撑,在市场上持续回购,与所有支持我们的人并肩前行。
[Official Statement on the Recent MORE Perpetual Contract Delisting and Resulting Price Volatility]
(中文请见后半部分)
During October 6–7 (UTC), the MORE token experienced an unexpected and significant price drop and volatility. We would like to provide a detailed and transparent explanation of the situation to our community members, investors, and supporters.
TL;DR
At 08:39 UTC on October 6, Gate announced the delisting of 15 perpetual contracts, including MORE. Our team immediately reached out to Gate for clarification. However, Gate did not provide any concrete explanation or technical reason, only stating that the decision was final and made by its perpetual contract team.
Even more concerning, there was less than 24 hours between the announcement (Oct 6, 08:39 UTC) and the forced liquidation (Oct 7, 08:00 UTC). During this short period, MORE had an open interest of roughly $2–3 million on Gate. Closing this volume of positions in such a limited timeframe was extremely difficult, leading to large-scale forced liquidations on October 7 and severe volatility in the spot market.
More Details
We fully understand that this sudden event caused confusion and losses for many who believed in MORE. Below is a complete and factual summary of what we know so far:
1. Gate made no prior communication with our team before issuing the announcement. The delisting notice was only shared via a public post, which received very limited visibility. Many users did not see it in time and were directly force-liquidated, suffering significant losses during the rapid price drop.
2. The open interest of MORE was significantly higher than most other tokens included in the announcement, with a large number of users still holding active positions on Gate. Upon seeing the notice, we immediately reached out to the Gate team, requesting clarification and repeatedly proposing a smoother delisting process to help minimize user losses.
Unfortunately, Gate responded that this was the final decision made by its perpetual contract team and could not be reversed. We believe Gate’s handling of this matter lacked communication, transparency, and basic user protection, especially given the foreseeable market impact of such a short liquidation window.
3. Throughout this entire period, the MORE Foundation, investors, major holders, and core community members (including the UnicornX community) did not sell any tokens. In fact, some have continued to increase their holdings.
Our Position
While this event came as a complete surprise to the team and community, our position remains clear:
- Moonveil’s fundamentals, ecosystem development, and token structure remain fully intact.
- We will continue engaging with exchanges to ensure greater transparency and accountability.
- We will do everything within our power to protect our users and token holders.
- We will strengthen our multi-exchange strategy to ensure no single platform can unduly impact our market or community again.
We want to sincerely thank everyone who continues to believe in and support MORE during this volatile period. Short-term turbulence does not change Moonveil’s long-term value.
We remain fully committed to building, delivering, and creating sustainable value for our community and ecosystem.
【关于MORE 永续合约下架事件导致币价剧烈波动的说明】
MORE代币在10月6日-10月7日期间,出现了令我们始料未及的巨量波动和下跌,我们希望尽快与各位关心我们的社区,投资人和支持者作出目前已知信息的详尽说明:
TL;DR:
在10月6日早上(UTC)08:39,Gate 发布了“包括MORE在内的15个代币的永续合约(Perps)下架公告”。我们的团队在第一时间注意到这一消息后,立即与Gate团队进行沟通。然而,Gate方面未提供任何具体解释或技术原因,仅表示该决定已由其永续合约团队确定,无法更改。更令人担忧的是,从公告发布时间(10月6日 8:39 UTC)到强制平仓执行(10月7日 8:00 UTC),仅预留了不到24小时。在此期间,MORE在Gate平台上仍有200-300万美元的未平仓量(Open Interest)。如此短的时间窗口,对平仓价值200-300万美金的合约难度较大,导致10月7日当天大量多单被强制平仓,引发现货市场剧烈波动。
More Details
我们充分理解这次突发情况给许多看好 MORE 的用户带来了困扰与损失,因此希望就我们目前掌握的情况,向大家作出坦诚、完整的说明:
1. Gate在发布此公告前,并未与项目方有任何沟通,且仅通过公告的方式通知用户,曝光度严重不足,许多用户并未及时看到相关通知,直接遭遇强制平仓,在价格短时波动中蒙受重大损失。
2. MORE的OI数额显著高于其他项目,在Gate的合约上仍有大量用户持仓,在看到公告后,我们立即与Gate团队进行联系,询问原因并多次希望能以更平稳的方式处理下架事宜,以减少用户的损失。遗憾的是,目前 Gate 回复这是其永续合约团队的最终决定,无法更改。我们认为,这一突发事件上Gate团队的处理方式严重缺乏沟通,缺乏透明度,更重要的是缺乏应有的用户保护机制。
3. 在整个过程中,截止此时此刻,MORE基金会、投资人、绝大部分鲸鱼及核心社区(包括UnicornX社区等)均未有卖出行为,部分还在持续净买入。
虽然这次事件对团队和社区都是一次始料未及的冲击,但我们的立场十分明确:
- Moonveil项目的基本面、生态建设与代币结构均未发生任何实质性变化。
- 我们将继续与各个交易所团队保持沟通,确保更高的透明度。
- 我们将竭尽全力维护用户和持有者的权益。
- 我们也将进一步加强多交易平台布局,确保任何单一平台的异常行为不会再影响我们的社区与市场稳定。
感谢所有在波动中依然信任与支持MORE的持有者,短期的动荡不会改变Moonveil的长期价值。我们会一如既往地建设、交付、创造价值。
Over the past few days, there’s been some controversy around UV/UnicornX @unicornxdex@unicornverse_io . As a partner working closely with them, I want to share a few personal thoughts.
What UV is doing is something very few are willing to take on in this industry: putting their own understanding and resources into combining product, DEX, and community—creating alignment across projects, trading, and users. It’s not an easy path, but it’s exactly this kind of integration that can build long-term resilience. When controversies, setbacks, or even bad actors appear, what ultimately matters is the support of the community and the reputation built over time. And this is the conviction that will support the industry in the long run.
The recent AFT delisting is a good example. The project didn’t perform well, but UV decided to directly compensate users. Not everyone will be satisfied, but it shows their intent again to protect trust. And the community will remember this.
To me, UV isn’t perfect, and nobody can be. But Ann @A_unicornverse and the team are genuinely willing to take responsibility and commit for the long term. With UnicornX’s product and community, they’re working to build a real trading ecosystem. That kind of role is rare in this industry—and necessary.
过去几天,围绕 UV/UnicornX 出现了一些争议。作为一个与他们紧密合作的伙伴,我想分享一些个人的看法。
UV 正在做的事情,是行业里很少有人愿意去承担的:用自己的理解和资源,把产品、DEX 和社区结合起来,在项目、交易、用户之间创造真正的协同。这条路并不轻松,但正是这种整合,才能构建长期的韧性。当争议、挫折甚至恶意攻击出现时,真正重要的,还是社区的支持,以及时间累积下来的口碑。而正是这种信念,才会支撑行业长期向前。
最近的 AFT 下架就是一个很好的例子。项目表现不佳,但 UV 决定直接补偿用户。也许不是所有人都会满意,但这再次展现了他们守护信任的意图。而社区也会记住这一点。
在我看来,UV 并不完美,其实没有谁能完美。但 Ann总 和团队是真心愿意承担责任,并长期投入下去的。有了 UnicornX 的产品和社区,他们正在努力构建一个真实的交易生态。这类角色在行业里非常稀缺——而且是必要的。
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When I saw UniCall choose $CYC, it brought me back to the moment when $MORE was first called.
During the early screening and due diligence, what stood out most about UV @unicornverse_io was what they truly cared about: not short-term hype or noise, but sincerity in communication and collaboration, the determination to build through cycles, and whether a project genuinely puts its community first.
UV is very selective, but once they make a choice, they lift the project in real ways: opening new horizons. From the integration of UX’s @unicornxdex strong community, to the “diamond hands” conviction of long-term builders, to the confidence their backing instills, these have all been vital for $MORE to reach where it is today, and more potential in the future. Over the past month, $MORE has remained steady in both price and volume, even reaching new highs—and UV/UX’s support has been an undeniable part of that.
Looking back, what I feel most is how rare UV, and founders such as Ann @A_unicornverse is in Web3: a partner that stays with you for the long run, standing shoulder to shoulder with projects. They bring not only capital, resources, and community, but also a vision—to co-create a healthier, long-term trading ecosystem together with the real builders. Their calls are never short-term bets, but statements of conviction and belief in long-term value. And that’s why every UniCall is such a powerful signal for both projects and communities.
Grateful for the journey so far, and truly excited to see $CYC go further, just as $MORE once did, with UV by its side.
We are proud to announce a strategic investment in @cyclenetwork_GO.
Cycle Network is developing a universal all-chain settlement layer and a bridgeless liquidity network for the blockchain ecosystem, with the vision of becoming the VisaNet of crypto.
With this strategic investment, Unicorn Verse will support the project’s liquidity and accelerate Cycle Network’s next phase of growth, bringing its vision closer to reality.
How tf you are so fast lol. Thanks a ton for your passion and support!
For now it's still more of a tech test / gameplay test for quality check only in a few regions. More web3 features is on the way and will be integrated in a few weeks ~ (so pls ignore the "not crypto native" part for now lol)
피드백과 저희 시즌1과 시즌2에 대한 깊은 이해에 감사드립니다.
회고와 전망을 말하는 것은 비교적 쉽지만, 실제 실행 과정에서는 예기치 못한 문제들이 많이 발생합니다.
여러분과 커뮤니티가 주신 모든 피드백이 저희가 빠르게 오류를 수정하고 빠르게 개선할 수 있는 기반이 됩니다.
앞으로도 계속 저희를 지켜봐 주시고, 더 잘할 수 있도록 응원해 주세요!
@arnold6444@Moonveil_Studio 저희에게 관심 가져주시고 이렇게 깊이 이해해 주셔서 정말 감사합니다.
제가 Moonveil을 직접 소개하는 것보다도 훨씬 잘 써주신 것 같아요.
지난번 서울 밋업에서 뵙지 못해 아쉽지만, 다음에 꼭 만날 수 있기를 기대합니다.