In case you missed it, two weeks ago, one of the highest volume exchanges, KuCoin, suffered a substantial loss to their hot wallets due to a security breach involving the majority of tokens listed on their exchange. With this loss, approximately 400 million KAT were transferred to the hacker’s address.
This represents a large portion of the circulating supply, so we have decided to proactively address this situation by taking a snapshot of all wallets and distribute new tokens to all current holders, except for the hacker’s addresses. This distribution of the new KAT tokens is already in progress. This distribution will likely be ongoing for the next 4-12 hours.
If you have KAT in your personal wallets, you will receive the new KAT automatically. If your KAT was on one of our partnered exchanges, we are working directly with exchanges to provide them with the new contract information so they can credit your accounts accordingly. We want to reiterate that we are working overtime to ensure that not one of our community members is negatively impacted by this incident, and we thank you for your patience.
This swap over to the new smart contract will effectively render the old KAT tokens, including the 400 million KAT the hackers stole, completely useless. Our platform, exchanges, wallets, and all other partnered services will continue using only the new token. We are working to make this process as seamless as possible, so please be patient as we continue to transition over to the new contract.
🌠New KAT Contract Details:
👉Block Explorer: https://etherscan.io/token/0x14da230d6726c50f759bc1838717f8ce6373509c
We will have more information for you in the very near future, so be sure to keep an eye on our channels. And, we have a nice surprise for you. Thank you for your continued support!
-The Kambria Team