We traced 10288 transfers across all 409 wallets where the fraudulently minted tokens have landed, and alerted exchange partners on hundreds of suspicious deposit transactions. They promptly blocked the hacker’s wallets.
As of now, 53% of our validators completed the upgrade for the emergency patch which was released only 4 hours ago. You guys are amazing - we really appreciate your support!
Meanwhile, thank you all for your patience while we work out a plan to fix the situation - a rollback seems to be the most favored practical solution so far. We will provide more details in a few hours.
If you were surprised by yesterday's price action, you’re not alone.
Our entire team was confused until we realized what happened: a market maker sold NIL tokens without legal authorization from the Nillion Association. Then refusing to respond to any team communications during the flash sell and hours following.
This type of behavior unfortunately happens in crypto.
We are not going to just say “nice words of hope” to you to fix this.
We’re taking immediate action. The Nillion Association has begun buying back the tokens that were sold, using funds from our treasury. We also commit to utilising all funds recovered which were sold without our authorization by this market maker to buy back even more NIL tokens.
We’re actively pursuing this to the fullest extent of the law, and have worked through the night with our amazing exchange partners to ensure all accounts and wallets associated with this incident are now frozen.
Our community matters. Privacy matters. Our ethos is: privacy is a fundamental human right.
This event won't derail our mission. We’re here to build, and we’re here to stay.
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We plug your app directly into markets on Sui - and connect Sui builders to $65B+ in liquidity across the rest of Web3.
Portal is integrated with @TheRootNetwork 🤝🌀
Purpose built for the open metaverse, The Root Network powers apps like @ReebokImpact, @futureverse & @alteredstateai - all using Portal Pay to tap into cross-chain liquidity.
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We support +20 chains, thousands of tokens, including your project's native token - and wallets for every chain already integrated.
There is movement in $OM. If this movement exceeds $0.72, we may see $1. Good news is also coming from the team. They just announced that they have realized the burn they promised
#Mantra#OM@jp_mullin888#CryptoNews#Burned
#MANTRA How long will this collapse continue? @jp_mullin888 It is everywhere and like a savior, but the collapse is still continuing, there is no recovery. $OM
Not using binance anymore
They keep pushing low-quality scam coins just to farm profits.
As long as exchanges are focused on max extracting retail instead of building real value.
We’re not getting a proper bull run.
#BoycottBinance
Binance today caused massive liquidations on alts listed on their exchange
I warned you all yesterday about their very dirty tactics, specifically $GUN
I refuse to use Binance #BoycottBinance