Update KuCoin Security Incident

On Saturday 26 September 2020, the cryptocurrency exchange KuCoin was hacked, and a number of ERC-20 tokens were appropriated, including PMGT. Here's what we've done to protect the contract:

Following the incident, the InfiniGold security team immediately tracked the stolen PMGT and have been actively monitoring the token's movements. We have excluded Ethereum address 0xeb31973e0febf3e3d7058234a5ebbae1ab4b8c23 from interacting with the PMGT contract and will continue to block any Ethereum addresses associated with the stolen funds.

In order to unblock their address and allow them to access the frozen PMGT, the hacker(s) will need to go through a full ID verification process—a highly unlikely scenario given that it would reveal their identity. Until they do so, the tokens will remain indefinitely frozen and non-transferable.

As an asset-backed token, it's fundamental that PMGT maintains its integrity and immutability. Therefore, we are strongly opposed to a roll-back or any other such arbitrations within the PMGT smart contract.

InfiniGold is in close contact with KuCoin regarding next steps.