On February 14, 2023, XT.COM discovered a large amount of abnormal deposit transactions of IGOLD, which were subsequently confirmed to be the result of unauthorized token issuance. To protect user rights and assets, XT.COM took immediate action to suspend the deposit, withdrawal, and trading of IGOLD. XT.COM also reached out to the IGOLD project team to address the unauthorized issuance and dumping and to discuss how to compensate users who suffered losses.
A detailed timeline of the IGOLD issuance event as follows:
On February 10, 2023, the IGOLD project team contacted XT.COM to request a change to their contract. The IGOLD team requested that XT.COM suspend the deposit, withdrawal, and trading of IGOLD on February 14, 2023.
After that, the XT.COM Operation Team discovered that the IGOLD project had issued a large number of tokens on XT.COM at 17:46:56 on February 13, 2023 (UTC), with the deposit hash being: 0xc065de1687413c5150a44ce9c1a0a6cc523f96253511942b8f0e511bccfcd60b. The total 9,500,350,295.76 IGOLD tokens were subsequently sold on XT.COM, which caused the IGOLD price to become abnormally volatile.
As of the date of this announcement, XT.COM and the IGOLD team have not reached a consensus regarding the unauthorized issuance and dumping event. As a trading platform that is committed to providing high-quality services for global digital assets, XT.COM always prioritizes user rights and safety. To ensure the maximum protection of user assets and rights, XT.COM will continue to communicate and negotiate with the IGOLD project team regarding compensation for user losses, with the goal of recovering losses to the greatest extent possible. This is in light of the contract address vulnerability issue on the IGOLD project side.
Please note that all matters related to the IGOLD event will be subject to the upcoming announcements on XT.COM. We apologize for any inconvenience caused and appreciate your understanding!
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March 07, 2023
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XT.COM reserves the right, at its discretion, to change, modify, or remove portions of the announcement at any time by posting the amended version on the website.