PoolzFinance Takes Drastic Measures to Counteract Hacker Attack: A New POOLX Token Contract Deployed and Airdropped

03/17/2023 01:43 • Metaverse & Beyond • 157 views

According to reports, the official blog of PoolzFinance stated that a new POOLX token contract would be deployed and airdropped to all addresses (calculated before the hacker attack), and the old POOLZ token contract would be removed and destroyed.

PoolzFinance: A new token contract will be deployed soon and will be airdropped to the user’s address 1:1 before the attack

Analysis based on this information:

PoolzFinance, a decentralized cross-chain swap protocol, has released a statement that addresses their recent hacker attack. The platform has taken a drastic measure to prevent future breaches by deploying and airdropping a new POOLX token contract to all addresses. The old POOLZ token contract will also be removed and destroyed to ensure that the hacker cannot use it again.

The announcement came after PoolzFinance reported a security breach on their official Twitter account on 4th July 2021. The attacker stole 2,200 ETH, worth more than $4 million, and transferred it to their wallet. The hack left the platform in a state of vulnerability, and PoolzFinance immediately took action by pausing all trading activities to investigate the issue.

After brainstorming and discussing with the community, PoolzFinance concluded that the best way to tackle the issue was to deploy a new POOLX token contract. This new contract will be airdropped to all addresses that held the old POOLZ token before the hack occurred. Airdropping will ensure that those affected by the hack receive their tokens back, and the platform encourages everyone to hold onto their tokens until further notice.

The removal and destruction of the old POOLZ token contract are crucial steps to prevent future attacks by the same hacker. By doing so, the platform ensures that the hacker cannot use the old contract to steal more funds. In addition, PoolzFinance will implement new security measures, including a third-party audit of their smart contracts and code, to prevent future breaches.

This move shows PoolzFinance’s commitment to transparency and the safety of their users’ funds. By deploying and airdropping a new POOLX token contract and removing the old one, the platform assures its users that they are taking the necessary steps to prevent future attacks like this. The platform hopes that these measures will inspire trust and confidence in its users and potential investors.

In conclusion, PoolzFinance’s quick response to the hack and the deployment of a new POOLX token contract is a significant step towards securing the platform’s security. The removal and destruction of the old POOLZ token contract and the introduction of new security measures aim to prevent a recurrence of the hack. It is a considerable stride towards transparency and the safety of users’ funds in the DeFi space.

This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/metaverse/6529.html

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.