Position.Exchange Announcement – Telegram
Position.Exchange Announcement
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HOLD & EARN! Position Exchange is implementing RFI technology which allows all the POSI Holders to share 1% of the transaction fees JUST by holding the token in their wallets! Buy the POSI in our website and keep holding to grow your balance indefinitely!
Here we are! Farming is now open on our website: https://app.position.exchange/farming . You can stake your LP tokens in the farm and generate rewards. The Harvest Lock-Up period is set at 7hours. High APY up to 10,000% is waiting for you! GO & FARM RIGHT NOW!
Our technical team is working on fixing the technical issues some users are facing. Thank you for reporting, please be patient. We are going to update you as soon as possible.
Dear Community,

We are very saddened to announce that we have faced an unexpected and unfortunate event. We will come to you with all details very soon, please allow our team to assess the situation clearly and come with an official announcement. There has been a breach in our Farming smart contract and RFI technology that caused a significant problem. We will come with details as soon as possible.

Position Exchange's Team.
Dear Community,

Everyone is probably wondering about what happened today and everyone must be looking forward to hearing from us. We all saw what happened when the token price suddenly dropped to 0.08. We regret to announce that we have encountered a hack related to our farming smart contract using RFI technology function.

What happened?

As we just enabled the feature this afternoon, hackers have created a contract that specializes in detecting vulnerabilities from other smart contracts which uses RFI technology to steal BEP20 tokens.

And on Jul-19-2021 09:05:45 AM +UTC an address minted 448050.8763602997 tokens and proceeded to sell it at 36.698.73 BUSD from Position Exchange liquidity, this is the reason why the token price dropped to $0.08.
Here is the hacker's transaction ID:
https://bscscan.com/tx/0x9bab27d77d0e8d483c18bcf88eb7f9dd28038a2152ab8313af11f0cbf43fdf39.
Some information we found in the hacker's wallet address:
https://bscscan.com/address/0xdf0ad9c9eeb5ebcbb4177695072b24d7f2a1a12c
SmartContract he uses to scan for vulnerabilities.
https://bscscan.com/address/0xac4647dd6a95d23c94287878153899df6bbbd9a1

As a result of the incident, we have locked the instant transfer feature to prevent hackers from continuing to exploit this bug, that's why you can't trade now.

Plan to recover

We still have commitments to fulfill towards you and towards this project. A lot of people have worked so hard to get where it is today. Many other projects have faced similar situations and succeeded to recover and bring back the community’s trust. We would like to ask you to have faith in us and help get this project back on track.

We are currently working on switching to another smart contract. We will allow you to switch from the old POSI token to a new token in the next few days at the same price as before the hack happened ($0.5 per token).

I hope you understand that we will be trying all that we can to recover from this incident. We also want to sincerely apologize for what it might have caused to you. The team is here, and is planning to go nowhere.

Best regards
Position.Exchange Announcement pinned «Dear Community, Everyone is probably wondering about what happened today and everyone must be looking forward to hearing from us. We all saw what happened when the token price suddenly dropped to 0.08. We regret to announce that we have encountered a hack…»
Hi everyone, we will come tomorrow with more clarity and answers to all your questions. We are working on elaborating the next steps and our action plan to bring back POSI to its value and allow investors to trade again. No one will lose anything from his holdings value at the price before the attack happened. Please give us some time to review the situation. This is not a scam as many of you might think, the coming few days will prove that to all of you. Thank you for your understanding and patience!
Dear Community, Please check our announcement in Medium :
We would like to express our sincere apologies for the last incident that has occurred. Position Exchange’s Team has been working day and night during the last months to bring this project to life.
We have decided to take the following actions.
No one will lose anything, please read the article carefully.
https://positionex.medium.com/important-announcement-979cc9348626
Position.Exchange Announcement pinned «Dear Community, Please check our announcement in Medium : We would like to express our sincere apologies for the last incident that has occurred. Position Exchange’s Team has been working day and night during the last months to bring this project to life.…»
Many thanks to our Community for the great support and for being here. We will get better and stronger. We will not let you down.
POSI v2 is coming soon, no one will lose anything. All the losses will be covered by Position Exchange.

Please check our announcements and the Medium article to understand the upcoming measures and the plan of actions.

https://positionex.medium.com/important-announcement-979cc9348626

See you on July 27th.

Together we are Stronger.
Dear Community,

We have noticed that many members are receiving messages from accounts pretending to be from Position Exchange Team. Please note that Position Exchange Team members WILL NEVER CONTACT YOU FIRST DIRECTLY IN A PRIVATE MESSAGE. Please be careful and report usurpers! Thanks for your understanding and collaboration.

Position Exchange Team.
Dear POSI community members,

As you are aware of the hack issue, please read our last "Important Announcement". It is very IMPORTANT to understand the current situation.

The Dev Team is working on the new contract. Tokens before the hack will be swapped to new POSI V2 TOKEN. Don't panic, your money is safe!

For further details, please read our last Medium article : https://positionex.medium.com/important-announcement-979cc9348626

DATES TO REMEMBER

27 JULY. . . . NEW CONTRACT LAUNCH AND TOKEN SWAPPING



NOTE:. Airdrop will be distributed after adding liquidity. It will be directly send to your wallet on a daily basis in phases.

The distribution will happen over 10 days: Every day, 10% of the Airdrop which represents 100k tokens will be distributed.

Thanks for understanding!
POSI v2 is coming soon!

Join our 3rd Live #AMA on our Telegram Channel: https://news.1rj.ru/str/PositionExchange on July 27th, 08:00 am UTC to learn more about it and find answers to all your questions.

500 POSI v2 AMA reward to be shared between 10 lucky winners! Be there!

*The winners from our 2nd AMA will be announced in the same time with the winners from the 3rd AMA*

Our Medium article will be released on July 26th to bring further clarifications and details about our plan going forward. Stay tuned!

Good to be back. #POSIcommunity.
The conversion process from POSI to POSI v2 will start tomorrow July 27th at 08:00 UTC, same time as the AMA. We will guide you in the AMA and explain how you can convert your tokens. A recap article on Medium will be out in few minutes.
Position.Exchange Announcement pinned «The conversion process from POSI to POSI v2 will start tomorrow July 27th at 08:00 UTC, same time as the AMA. We will guide you in the AMA and explain how you can convert your tokens. A recap article on Medium will be out in few minutes.»
Dear Community,
Please read our latest article on Medium to have more information about the converting process and the plan going forward.
Do not forget to attend our 3rd Live AMA session tomorrow July 27th at 08:00 UTC. See you!
https://positionex.medium.com/important-announcement-6f3e7a9a82ea
Position.Exchange Announcement pinned «Dear Community, Please read our latest article on Medium to have more information about the converting process and the plan going forward. Do not forget to attend our 3rd Live AMA session tomorrow July 27th at 08:00 UTC. See you! https://positionex.medium.com/important…»
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