Community update:. As your CM i feel obligated to keep you all informed as much as i can, so here is an update from me :).
03 Apr 2023, 04:58
Community update:
As your CM i feel obligated to keep you all informed as much as i can, so here is an update from me :)
We all know that we suffered a hack on March 15, where Adaswap Poolz vesting contract was breached and roughly 2b ASW tokens were sold on the market.
This affected us retail investors, VCs and the team itself. Since then the team has been working on the best possible solution and have been seeking legal counselling to address the situation properly.
Operating a legit business under regulations and involving lawyers for the current events, things change from making your own day to day decisions into strict procedures and protocols that needs to be followed.
I had a talk with the CEO Itay yesterday and he informed me that they will give an official announcement as soon as possible. Until then things are on hold and we in the community just have to sit tight and wait it out.
Rest assure that no one is more anxious than the team to get back to work and move forward.
PEACE OUT ❤️