March 16, 2023 – Saint Vincent, Grenadines
IDO platform Poolz has disclosed the measures it has taken to mitigate the effects of a recent security incident. The team’s proactive response has helped to contain the damage and prevent broader contagion.
On March 15, 2023, a hacker succeeded in exploiting the token contract for the POOLZ vesting system. Some of the tokens that were allocated to public buyers were illicitly obtained and sold.
The Poolz team responded quickly, and within two hours, the token was no longer available for trading. A rapid response team was assembled to prevent further damage and ensure a similar incident could not recur.
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Within hours of the attack, Poolz succeeded in having the hacker’s address flagged on leading
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