INCIDENT UPDATE

ZIG-WETH liquidity providers on ShibaSwap to now claim their updated ZIGCoin and ETH directly from Zignaly

Zignaly
Zignaly
Published in
2 min readJul 9, 2022

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In line with our risk mitigation measures, we swapped the ZIGcoin Ethereum smart contract amid the AscendEX attack on December 11th, 2021. We then internally blacklisted the hacker’s wallet and conducted a 1:1 swap for the updated coins to the wallets and exchange accounts of the holders. However, due to various technical difficulties at our end, ZIGcoin committed to the ZIG-WETH liquidity pool on ShibaSwap could not be swapped.

Today, we come bearing good news for the affectees — special thanks to ShibaSwap’s advisory and support on the matter, we have successfully devised an instant settlement mechanism using which we will be able to clear the ZIG and ETH payables once and for all! Further, please note that the sole point of contact and resolution in this regard is Zignaly.

If you’re one of the affected liquidity providers, please follow the instructions below:

  • Fill out the form here: forms.gle/ZJ5NTwNstSrTed4M7
  • Please provide accurate and complete information in the form as it’s critical to your settlement.
  • Once your claim is assessed and verified, our team will settle it within a span of 72 hours.
  • The form will be open for the next 6 months and we’ll continue to entertain the claims as they come.

With this, we’d like to thank you for your patience and understanding. Team Zignaly looks forward to working with you and resolve this problem for good. Got questions? Reach out to our support team here.

- Team Zignaly

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Zignaly
Zignaly

Zignaly is a group of passionate individuals who are building a trusted crypto social investment platform that leverages the playing field for everyone.