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Protecting Users, Pursuing Justice
We commend the progress of the legal proceedings surrounding the 2022 Maiar Exchange incident, with those responsible now being held accountable in court. Reaching this point has taken time, resolve, and persistence.
As documented in the court proceedings, the incident was the work of individuals who acted with malicious and illegal intent. They leveraged their position to unlawfully exploit an internally known software bug that was already being addressed, striking before the planned fix could be deployed.
The attack was detected immediately, around 1am, and contained the same morning. The MultiversX team acted swiftly and decisively to deploy an emergency containment fix, protect user funds, and ensure that every affected user was made whole.
From the outset, we notified, enlisted, and worked hand in hand with the relevant law enforcement agencies, providing the guidance and evidence that led to those responsible being brought before the court. The transparency and traceability of our network proved instrumental in tracing the stolen assets and helping the authorities identify those involved.
The matter has now reached a partial but favorable resolution, with two of the individuals involved having pleaded guilty. One case remains open, and we will continue to use every means available under the law and offer our full support, both to protect our users and to stand firm against any malicious actor. We intend to see justice fully served, and we trust the process will reach its proper conclusion within the full scope of what the law provides.
We encourage our community, and the wider crypto ecosystem, to remain vigilant and proactive: to speak up when something looks wrong, and to stand together against anyone who would do harm. At the same time, we are grateful for all the support and involvement we received from the resourceful developer community, the various law enforcement agencies, and other relevant parties in finding a resolution to this important and difficult matter.
In the end, what could have been one of the most serious challenges in our history became a testament to the resilience of our network and the strength of its community. The attack was contained, every user was protected, and those responsible are being held to account. Seeing justice served after all this time is an important milestone. We will always meet such moments the same way: with decisive action, transparency, and an unwavering commitment to our users.
In crypto, market cycles test your patience, but structural changes test your architecture π§
True financial sovereignty isnβt about catching every single 15-minute pump. Itβs about knowing that no matter how loud the noise gets, your keys are yours, your assets are un-freezable, and your wallet operates completely on your own terms.
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xPortal is here for you! π«‘