*🚨 *Official Statement on Recent Incident Involving MetaXSeed

We are addressing a recent incident that impacted MetaXSeed's $XSEED token launch. A breach involving the developer's wallet led to an unauthorized withdrawal of vested tokens, disrupting the token's stability and affecting MXS Games' ecosystem.

Ferrum Network's Actions:

👉 Liquidity Support: Assisting MXS Games in re-establishing liquidity levels affected by this incident.
👉 Token Swap Support: Providing technical and financial resources to facilitate a smooth Token Swap and relaunch activities.
👉 Recognizing MXS Games' Dedication: MXS Games has consistently demonstrated exceptional professionalism and commitment to their community. Despite this setback, we believe in their potential for recovery and success.

⏰ Incident Overview: On October 30, 2024, the developer wallet was used to call an emergencyWithdrawal function on the vesting contract, resulting in an unauthorized extraction of tokens.

👉 Accountability and Actions Taken: Ferrum is committed to procedural adherence and has taken action against individuals responsible for oversight during this deployment.

👮‍♀️ Nature of the Attack: The incident was not a technical exploit; rather, it stemmed from leaked keys. Ferrum is investigating this matter alongside MXS Games and relevant authorities.

🔮 Looking Forward: Ferrum is dedicated to supporting MXS Games in their recovery efforts and will continue to provide updates as more information becomes available.

For a detailed breakdown of the incident and our ongoing support, please refer to the attached PDF.

*📣 *State of Ferrum Network & Path Forward: Stakeholder Statements

We are reaching out to share important statements from Ian and Naiem, co-founders of Ferrum Network. These statements provide valuable insights into the current state of the network, recent developments, and the path forward as we navigate the challenges ahead.

Given the significance of the messages conveyed by both stakeholders, we encourage you to take the time to read their statements in full. Their perspectives are crucial for understanding the ongoing efforts to ensure Ferrum Network’s growth and resilience.

Thank you for your continued support and engagement with Ferrum Network.

*📣 *Ferrum Liquidity Update

In response to community feedback and reports of issues on SushiSwap, we’ve transitioned liquidity for the cFRM/FRM and FRM/ETH pairs from SushiSwap to Uniswap on Arbitrum. 🛠️ This shift was made to address the challenges raised and to provide a more reliable trading experience on Uniswap. 💹

✨ FRM Ethereum and Arbitrum trading are now available on the seamless Uniswap platform for improved access and stability! 🚀