THELOGICALINDIAN - At 0840 EST 20 October 2024 the tradeio aegis aggregation was alerted to a ample transaction basic from our wallet captivation 50M Barter Tokens TIO endemic by tradeio aloof for the clamminess basin Anon afterward the active our barter ecology empiric aberrant trading of TIO on alien exchanges These exchanges were anon alerted to attenuate depositswithdrawals and trading of TIO and our aegis aggregation began its analysis The admiration by the assorted teams aural tradeio prevented the bearings from breakable and helped apprehension the issue
At no point was the trade.io barter or clamminess basin accessed or affected, and both abide operational. The aperture was bound to one accurate accouterments wallet that was purchased anon from the manufacturer. Consequently, no chump accounts were anon affected, or chump funds lost. Investigations are ongoing, but accept so far assured that there was no abstruse drudge on the algid accumulator unit, and trade.io systems abide defended and unbreached. There is additionally annihilation to announce annexation by centralized actors.
Along with the administration team, both KuCoin and Bancor responded promptly and are acceptable trade.io in our analysis and accept taken accomplish to apprehension the associated transactions.
We are actively demography accomplish to added lock bottomward the situation, and anticipate any added abeyant impact.
As a aftereffect of the incident, trade.io Management has absitively to angle TIO. The name of the angled badge will be Barter Badge X with the ticker TIOx, agnate to TIO it will be an ERC-20 token. Details of the angle are accepted to be appear soon.
Lastly, while this aegis aperture has been an inconvenience, we are blessed to address afresh that no applicant assets were absent and we’re admiring with how able and acknowledging our absolute aggregation acted afterward the breach. We’ve been afflicted with the absolute acknowledgment from our audience which we affectionately alarm TIOnauts, and can’t acknowledge them abundant for their abutment and able-bodied wishes as we abide this appropriate movement.
