FAQs — PLEASE READ. 1 — Is it fine to trade ALBT Tokens. A: Users are strongly advised to not trade (buy or sell) ALBT Tokens.
03 Feb 2023, 11:07
📢FAQs — PLEASE READ
1 — Is it fine to trade ALBT Tokens?
A: Users are strongly advised to not trade (buy or sell) ALBT Tokens. A snapshot will be taken shortly before the announcement was made, and we are working with exchanges to determine the best course of action for users with orders filled. Trading after a specific time to be communicated will not be considered for the compensation scheme.
2 — How will the compensation program work for users with ALBT Tokens on centralized exchanges (CEXes)?
A: For users with tokens on CEXes, we are working with exchanges to have a balance snapshot before the announcement was made. More information about this will follow next.
3 — What is happening with the existing liquidity on exchanges for ALBT Tokens?
A: Existing liquidity on exchanges is currently being withdrawn. A new ALBT token will be deployed, replacing the old one (not increasing supply), and liquidity will be provided for these tokens at the snapshot's price.
4 — Will I receive the new ALBT Tokens from the snapshot if I use Metamask / hardware wallet / CEX wallet?
A: From the snapshot, ALBT holders will be airdropped the new tokens to both software and hardware wallets. We are working with CEXes to get balance snapshots, and more details will follow next.
5 — What will happen to ALBT Tokens in AllianceBlock platforms (Bridge, DeFi Terminal, Fundrs, DEX)?
A: For users with ALBT tokens in AllianceBlock platforms (Bridge, DeFi Terminal, Fundrs, DEX), the smart contracts are not compromised and tokens on these platforms will be taken into account during the snapshot and the airdrop.
6 — Has the incident been fully investigated, and will there be a technical report?
A: We are still actively investigating the incident, and will be publishing a technical report on what happened. Details on the airdrop will be published at the same time.
7 — Why should there be a new ALBT contract created?
A: The hacker has obtained a large part of the supply. 113M tokens are now in circulation were never meant to be, and there are still exchanges that can't effectively block the trading of or seize stolen assets unfortunately. This has nothing to do with the security of AllianceBlock smart contracts, both for the tokens and platforms, but to mitigate the damage caused by these stolen assets.
8 — Why are some exchanges still trading?
A: After TGE, the team revoked ownership of the ALBT token smart contract, and we do not have control over minting or stopping the trading of the token.
9 — Will we continue to be partners with Bonq?
A: No. Placing ALBT balances in third-party protocols will be out of the question, aside from known battle-tested ones like large DEXes and multisigs contracts. Any ALBT allocation for these protocols going forward will be subject to discussion and approval by the DAO.
10 — : What will be the price of the new token?
A: Listing price will be determined by the price of the token when the snapshot is captured.
11 — : My tokens are staked, will I be included in the airdrop?
A: Yes. ALBT balances in hardware / software wallets and in staking contracts will be taken into account.
12 — : I have wALBT tokens on BNB chain / Avalanche / Polygon / etc. Will I get the airdrop as well?
A: Yes. Wrapped AllianceBlock Tokens on other networks are the same as ALBT on Ethereum. Advisory of not trading these tokens still apply.
13 — : I have bALBT on the BNB chain, will I get the airdrop as well?
A: Yes. Users with bALBT will be airdropped the new ALBT tokens, no bridging via Burgerswap required.
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03 Feb 2023, 20:02
A post-mortem investigation has been conducted by @ThinkandDev into the exploit of BonqDAO.
You can read the report in the thread below.
This is the post-mortem analysis made by our CTO, @PedroMPrete, for the @BonqDAO exploit where the attacker withdrew 98M $BEUR and 113.8M $ALBT.
The attacker managed to get $1M in ETH and $500K in DAI so far and seems to be stuck.
We are opening a 🧵 explaining how he did it.
A post-mortem investigation has been conducted by @ThinkandDev into the exploit of BonqDAO.
A post-mortem investigation has been conducted by @ThinkandDev into the exploit of BonqDAO.
You can read the report in the thread below.
https://t.co/DimsQvw8lj
This is the post-mortem analysis made by our CTO, @PedroMPrete, for the @BonqDAO exploit where the attacker withdrew 98M $BEUR and 113.8M $ALBT.
The attacker managed to get $1M in ETH and $500K in DAI so far and seems to be stuck.
We are opening a 🧵 explaining how he did it.
03 Feb 2023, 20:00
A post-mortem investigation has been conducted by Think and Dev into the exploit of BonqDAO.
You can read the report in the thread below:
A post-mortem investigation has been conducted by Think and Dev into the exploit of BonqDAO.
A post-mortem investigation has been conducted by Think and Dev into the exploit of BonqDAO.
You can read the report in the thread below:
https://twitter.com/ThinkandDev/status/1621237501481390081
03 Feb 2023, 20:00
A post-mortem investigation has been conducted by Think and Dev into the exploit of BonqDAO.
You can read the report in the thread below:
A post-mortem investigation has been conducted by Think and Dev into the exploit of BonqDAO.
A post-mortem investigation has been conducted by Think and Dev into the exploit of BonqDAO.
You can read the report in the thread below:
https://twitter.com/ThinkandDev/status/1621237501481390081