Since the hacking incident last year, Bilaxy has carried out series of comprehensive security upgradings. Meanwhile, the handling of hacked tokens has been always going on. After several months of hard work, Bilaxy used a large amount of its own funds to purchase a large number of assets in stages, and already reimbursed the affected users in batches. At present, this work has basically come to an end, details are as follows:
1. For the vast majority of project tokens(nearly 290 kinds of tokens), Bilaxy had used the platform's own funds to buy the hacked tokens to fully reimburse the affected users in stages.
2. For very few tokens with almost no liquidity or even the project party has completely abandoned the project, Bilaxy has to only open the trading and provide a certain liquidity to solve the problem. In order to avoid the value of users‘ such assets to become zero, Bilaxy will allow users to voluntarily exchange them to Bilaxy Tokens which have better liquidity.
Since the hacking incident involved too many tokens, and the situation of each token was very different, the handling and reimburse work took a lot of energy, time and money. Thank you again for your full understanding and trust to Bilaxy.