🚨 Official Statement on Recent Incident Involving MetaXSeed
We are addressing a recent incident that impacted MetaXSeed's $XSEED token launch. A breach involving the developer's wallet led to an unauthorized withdrawal of vested tokens, disrupting the token's stability and affecting MXS Games' ecosystem.
Ferrum Network's Actions:
👉Liquidity Support: Assisting MXS Games in re-establishing liquidity levels affected by this incident. 👉Token Swap Support: Providing technical and financial resources to facilitate a smooth Token Swap and relaunch activities. 👉Recognizing MXS Games' Dedication: MXS Games has consistently demonstrated exceptional professionalism and commitment to their community. Despite this setback, we believe in their potential for recovery and success.
⏰Incident Overview: On October 30, 2024, the developer wallet was used to call an emergencyWithdrawal function on the vesting contract, resulting in an unauthorized extraction of tokens.
👉Accountability and Actions Taken: Ferrum is committed to procedural adherence and has taken action against individuals responsible for oversight during this deployment.
👮♀️Nature of the Attack: The incident was not a technical exploit; rather, it stemmed from leaked keys. Ferrum is investigating this matter alongside MXS Games and relevant authorities.
🔮Looking Forward: Ferrum is dedicated to supporting MXS Games in their recovery efforts and will continue to provide updates as more information becomes available.
For a detailed breakdown of the incident and our ongoing support, please refer to the attached PDF.
🚨 Official Statement on Recent Incident Involving MetaXSeed
We are addressing a recent incident that impacted MetaXSeed's $XSEED token launch. A breach involving the developer's wallet led to an unauthorized withdrawal of vested tokens, disrupting the token's stability and affecting MXS Games' ecosystem.
Ferrum Network's Actions:
👉Liquidity Support: Assisting MXS Games in re-establishing liquidity levels affected by this incident. 👉Token Swap Support: Providing technical and financial resources to facilitate a smooth Token Swap and relaunch activities. 👉Recognizing MXS Games' Dedication: MXS Games has consistently demonstrated exceptional professionalism and commitment to their community. Despite this setback, we believe in their potential for recovery and success.
⏰Incident Overview: On October 30, 2024, the developer wallet was used to call an emergencyWithdrawal function on the vesting contract, resulting in an unauthorized extraction of tokens.
👉Accountability and Actions Taken: Ferrum is committed to procedural adherence and has taken action against individuals responsible for oversight during this deployment.
👮♀️Nature of the Attack: The incident was not a technical exploit; rather, it stemmed from leaked keys. Ferrum is investigating this matter alongside MXS Games and relevant authorities.
🔮Looking Forward: Ferrum is dedicated to supporting MXS Games in their recovery efforts and will continue to provide updates as more information becomes available.
For a detailed breakdown of the incident and our ongoing support, please refer to the attached PDF.
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