@monoswapio

Upcoming milestones for MonoSwap: - Now: We have deployed new contracts for the v2 + v3 AMMs and seeded the initial liquidity, which can be accessed at https://t.co/m25w36ikEj - August 7: The new MonoChest and Lottery contracts will be available. We have taken a snapshot of all chests and tickets to prepare for this. Users will be able to receive the new (and bonus) assets afterward. - August 10: MonoPass holders/stakers can obtain new NFTs in their wallets, followed by a new staking contract + prize pool. Please note that the new MonoPass staking offers you MonoChests as extra rewards, besides MUSD. - August 13: a MonoChest airdrop is coming to all NFT stakers. - August 16: New contracts for MONO and xMONO. All users will receive new tokens directly in their wallets and MONO can be traded instantly with new liquidity. We will also launch the new xMONO vesting and dividends contracts. - August 18: Recovery form will be launched. Impacted users can fill out the form to receive indemnification. More details are coming soon.

New contracts for our v2 + v3 AMMs were deployed and will be migrated to the UI in 48 hours. We are working to deploy new contracts for Lottery, MonoChest, MonoPass, Dividends, MONO, and xMONO. A snapshot was taken and users will receive newly deployed assets directly in their wallet. A detailed timeline will be published soon in our Discord. For now, please withdraw all of your positions left on previous contracts. We are having internal discussions on recovery plans for impacted users. Please stay tuned for more info in the coming time.

At the moment, we are deploying new contracts for all features immediately to avoid further attacks from the hackers. All deposit methods, including MonoChest, Lottery, Farm, Dividends were disabled. Users can unstake xMONO and MonoPass as usual. MONO can be redeemed for xMONO at anytime. MONO, xMONO, and MonoPass will have new contracts. We will take a snapshot and redistribute new assets to users once ready. MUSD is still working as normal since its inviolate mechanism (The contract only includes the mint and redeem functions). The collateral would be safe in all scenarios. Once again, please WITHDRAW ALL YOUR FUNDS OUT OF MONOSWAP and DO NOT DEPOSIT INTO THE PROTOCOL until new contracts are deployed. We are working at our best to solve the issue and will soon announce the upcoming plans.

🚨 ALERT: MonoSwap has been hacked. DO NOT add liquidity or stake in our farming pools at the moment. If you have any staked positions, please withdraw immediately to avoid funds loss. Yesterday, one of our developers installed a phishing app to join a call with scammers who pretended to be a VC. The attackers installed the botnet into his office PC, which has access to all MonoSwap-related wallets and contracts. The hackers then withdrew most of the staked liquidity positions, causing damage to the protocol. 🚨 Below is the scammer's link to download the phishing app. DO NOT CLICK THIS LINK OR DOWNLOAD THE APP WHENEVER YOU SEE IT ON THE INTERNET: https://kakaocall .kr We are investigating the attack right now and will soon announce the next moves. We were trying to work with VCs to build a better future for MonoSwap. However, unfortunate things happened and now we are trying our best to solve this issue. (The old post was deleted since it contains the phishing link)

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