unexpected token movements
Contents
Good morning!
As Jack said, there should be an explanation about the unexpected token movements this morning.
The explanation is simple and yet unpleasant, the recovery key for one of the company hd wallets has been exposed.
The unallowed access led to calling the transfer functions of token lock contracts (anybody can do that) to the defined target addresses, which were part of that company hd wallet.
1,93 mio locked UBT have been moved that way, additionally one of the “personal” wallets, that had been distributed to team members earlier that year.
Our current state of the token model states that locked tokens are not planned to enter open market again, which – obviously – just happens.
We feel terrible about that accident, and are currently ensuring that no other assets are harmed.
We already contacted all clients that are connected with these projects and workshops, and as their locked in UBT already had been converted to …
As Jack said, there should be an explanation about the unexpected token movements this morning.
The explanation is simple and yet unpleasant, the recovery key for one of the company hd wallets has been exposed.
The unallowed access led to calling the transfer functions of token lock contracts (anybody can do that) to the defined target addresses, which were part of that company hd wallet.
1,93 mio locked UBT have been moved that way, additionally one of the “personal” wallets, that had been distributed to team members earlier that year.
Our current state of the token model states that locked tokens are not planned to enter open market again, which – obviously – just happens.
We feel terrible about that accident, and are currently ensuring that no other assets are harmed.
We already contacted all clients that are connected with these projects and workshops, and as their locked in UBT already had been converted to …