Huobi releases a notice regarding the re-minting of PGALA Token on the TRON network

2022-11-08 01:00:38

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ChainCatcher news, Huobi has released a notification regarding the re-minting of the PGALA Token on the TRON network: Due to the pGALA Token contract using a Transparent Proxy model, and the owner private key of the pGALA proxy contract being leaked on Github, the contract configuration permissions have been lost, putting the pGALA contract at risk of being attacked at any time, posing a significant security threat.

To protect the interests of PGALA holders on the platform, Huobi Global has decided to use the total amount of pGALA actually held by platform users: 6,211,014,582.57982347 as the total issuance, to re-mint a 100% decentralized, 100% circulating PGALA Meme Token (PGALA) on the TRON network, with the new contract address: TF7Ncj2PwKYxVthJaCZCRS98XgnXhJ347h.

Once the contract replacement is completed, the deposit and withdrawal of PGALA will open on 2022-11-07 23:00:00 (GMT +8), and the tax burning mechanism will remain unaffected. Subsequent destructions will also be carried out on the new contract, with the destruction address being: T9yD14Nj9j7xAB4dbGeiX9h8unkKHxuWwb. Other trading platforms in the industry are welcome to support the trading and jointly destroy PGALA.

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TRON Huobi PGALA

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