Dear investors.
Since crowdfunding our company, EncryptoTel has experienced a number of challenges and problems. We can assure you that we are only getting stronger as a result of this, and this in no way reflects the status of the company and especially the completion of our software products in the future.
Yesterday, late in the evening Moscow time, our BlockSwap service was attacked and ultimately hacked. The amount of losses is a staggering 38.5 million ETT tokens from the Ethereum chain and a further 3.8 million ETT Waves tokens.
Read more: https://medium.com/@encryptotel/fd541726fb47
To address a couple of questions here:
- This happened yesterday morning, it is not the reason investor distribution has been taking so long. It is a separate issue.
- All trading has been halted since the moment this was discovered.
- ETH based (ERC20) tokens will be redistributed, the current ones will be invalidated.
- The smart contract address will change, and will be published immediately when completed.
- Waves based (CAT) tokens will NOT be redistributed.
- Waves based (CAT) tokens will CONTINUE TO EXIST! IT'S STILL DUAL-CHAIN!!!
- ETT Waves (CAT) version token holders who lost tokens/funds as a result of this will be reimbursed from ETT team funds.