Degens

Degens

19-10-2022

12:35

As you know, last Monday the Degen Sweepers Staking contract was hacked. The purpose of this ๐Ÿงต is to explain what happened and especially to talk to you about our future ๐Ÿ‘‡

First of all, we would like to apologize to our community for what happened. Since the beginning of the project, we have experienced a lot of turbulence, but we have always recovered thanks to you. We're sorry if we've disappointed you and we thank you for your continued support.

On Monday, one of the developers who was working on the staking contract used the private key to modify the source code. The result is clear : more than 100 NFTs stolen and more than 350 still locked in the staking contract and under the control of this person.

The source code is not the origin of this attack because it was fully audited and solid, the human factor is the main cause of this hack. So we immediately took measures to stop the bleeding :

1/ We have dereferenced the collection of all major Solana marketplaces (thanks for their responsiveness). This will prevent the hacker from making money by selling stolen NFTs on the second market.

2/ We talked to our community on Discord as much as we could to keep them informed about what was going on. Transparency is very important for us.

3/ We worked during two days to build the plan to prepare the future of the project "post hack". And this plan, we present it to you today ๐Ÿ‘‡

The main problem is that now the hacker becomes the biggest holder. So he has an important power on the floor price of the collection. And we can't let that happen.

So we decided to RE mint the collection without changing the art. All our holders will be able to claim back EXACLY the NFTs they had in their wallet before the hack (with the same traits). We also decided to compensate users who bought on the secondary market after the hack.

Also to apologize for this situation, all holders will also be able to get 1 extra NFT per NFT held prior to hack. They will be airdropped. Nothing else to do.

Example: If you had 10 Degen Sweepers in your wallet, you will be able to claim the same ones for free and you will also be allowed to get 10 more. So you will have 20 NFTs in your wallet in this second version of the collection.

This will increase the circulation supply to 3936, which will allow more volume/transactions on the collection.

For the $DGN token, no worries, you'll get all your $DGN tokens back. Nothing else to do.

The art will not change as we are very proud of what our artists @Resistt_ and @Thanksmelater19 have done. We have an incredible and unique collection. This art is the DNA of the project.

To mark the occasion and break from what has gone before, we will also be changing our name and identity. This renewal will allow our community to fully identify with this new version of the project. We will unveil this new identity with the launch of the New collection...๐Ÿ˜ˆ

About the hacker : He has been fired and more legal actions will be taken very soon. ๐Ÿ”จ On our side : More screening will be done before bringing on board new devs. โœ…

Attention, the V1 collection is still not removed from @opensea . Don't buy Degen Sweepers NFTs because the first collection will disappear and will be flagged. And most importantly, thank you again for your support, we will keep you informed of every step of this rebirth.

We are degens and we love you all. Thank you again for all your support

๐Ÿ–ค


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