To our community,
We are a people first project, and our team is our family. As a holder of our token, you are part of this family too. This is why we make it our business to do things differently, In that spirit, we are issuing a statement about what has occurred in the last 24hours and what happens next.
Uniswap is the largest decentralized exchange in the world and where we keep the majority of our liquidity so there is always a market for our holders to come and go as they see fit for their personal reasons.
(Feb-10-2023 01:59:59 PM +UTC )
a malicious smart contract executed an attack on the DBS Liquidity pool with a buy order of 237million USD/ETH and in this execution, they were able to burn the entire supply of DBS and sell the remaining fraction of DBS back to the pool rending the token un-tradable and valueless. In this attack our UniCrypt Vault was also affected and our 6 year linear lock of millions has been reduced to a holding of a subfraction of 1DBS token.
Ethereum Transaction Hash (Txhash) Details | Etherscan
We were informed of this situation at about 6:00 PM (+UTC) the same day. This Attack was not limited to the DBS Token as moments after this occurred on the DBS token the same attack from the same wallet address was executed on the PRX team and their token.
We have our ledger backed up and have a copy of everyone’s wallet and balance, upon successfully recovering and restoring they will be automatically returned to your wallet.
We are in contact with security companies and officials attempting to recover the tokens, liquidity and provide justice.
Whether you held your tokens on your wallet or on exchanges. No action is required. We will issue updates.
In the meantime, we will work with security experts every step of the way to understand what measures can be taken to ensure that the project gets restored to its previous state.