2023-03-15 16:10:11
Dear Kryptomon Community,
We are writing to update you on the recent Poolz hack, which affected several projects that held their IDOs on the platform, including Kryptomon.
Our team was notified almost immediately after the hack occurred, allowing us to minimize its impact on the $KMON token. Fortunately, the majority of vested $KMON tokens had already been withdrawn by investors, leaving only a few million tokens at risk. The hacker managed to sell only 6M KMON on the market.
Believing in the future and potential of KMON, our market maker and team members used this opportunity to buy back most of the affected tokens. These are now held by the company and its team, reaffirming our commitment to the project.
We would also like to appreciate and Thank our community for believing in the Kryptomon team. During the incident there were major buys from the community as well which helped in fast recovery to minimise the impact. If any community members were negatively affected by the hack, please reach out to us. We will connect you with the relevant team member at Poolz to help you find a solution.
We are excited about the upcoming developments and releases planned for KMON this year. Thank you for your continued support, and stay safe!
Best regards,
The Kryptomon Team
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