2022-06-24 19:35:53
Updates on the hack situation:
1) We will receive the 78m of the hacked AAG tokens back. This is approximately 93% of the total of 84m. These are considered extra tokens from our total supplied since they are supposed to be locked on the bridge.
https://twitter.com/losslessdefi/status/1540360573204025350?s=20&t=op1xByaG75JSgtu_H2q17A
2) We will work with Harmony to return these ERC20 tokens to the bridge as soon as the bridge is fixed and audited.
3) The missing tokens ~6m AAG tokens will come from our liquidity allocation to help restore the balance on Ethereum/Harmony.
4) We hope this served as a lesson for every project out there that we need to have an emergency protocol to safe guard our community and users.
Thanks to Lossless, we were able to do just that.
5) Our AAG Wallet, once available, will provide additional security measures for our users of any demographics, especially for those who are not crypto-native.
We will keep everyone posted on the situation. Stay tuned.
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