New York, New York, October 28th, 2024,
Chainwire
In a strategic move to bolster security and support long-term
growth, Truflation is initiating a comprehensive redistribution of
TRUF tokens. This step comes as part of Truflation’s proactive
response to secure its ecosystem following a recent security
breach, marking a pivotal moment in the company’s evolution. By
initiating this redistribution, Truflation not only safeguards the
TRUF Network from further unauthorized access but also reinforces
its commitment to transparency and innovation.
The TRUF token migration will take place at 11am UTC on
October 29, following a snapshot of user balances and
positions. Only whitelisted wallets will be eligible to migrate
tokens, ensuring that legitimate holders retain their positions.
With the claim portal available on Truflation.com, users can easily view their old TRUF
holdings and proceed with the migration.
Instructions for TRUF Token Migration
To claim new TRUF tokens, users should follow these steps via
the official Truflation website:
- Connect your wallet via Metamask.
- View current positions associated with the old TRUF token.
- Execute token migration and confirm the success message.
Should users encounter issues, Truflation’s support team is
available on Discord. Important: Truflation will
never ask for private keys or seed phrases.
Commitment to User Security and Growth
This token redistribution reinforces Truflation’s dedication to
user security and represents a proactive step against unauthorized
activity following a malware incident that compromised its multisig
wallets. Truflation’s partnership with top cybersecurity firms and
law enforcement agencies is ongoing to pursue legal action against
the perpetrators.
CEO Stefan Rust commented, “This token migration isn’t just a
defensive measure—it’s a bold step toward a more resilient and
dynamic future for Truflation. We’re thrilled to continue our
development of the TRUF Network and deliver innovations that will
reshape the financial data landscape.”
The new wallet addresses is:
0x243c9be13fAbA09F945ccc565547293337Da0Ad7
This has been updated on all official channels and the
whitepaper.
Looking Ahead
Beyond security, Truflation is preparing for significant growth.
The TRUF Network is launching new indices and tools to provide
real-time economic data for decentralized finance applications. The
platform will also introduce synthetic assets and perpetual
markets, expanding opportunities for tokenized real-world assets
and redefining transparency in finance.
This token redistribution is a significant milestone, aligning
Truflation’s vision with a strong, supportive community as it
advances its mission to transform financial data. Truflation
remains committed to its community, partners, and stakeholders, and
is excited to continue pioneering in the world of decentralized
finance.
For further information, please visit Truflation’s
official channels.
About Truflation
Truflation is at the forefront of the data revolution, offering
real-time, decentralized financial data across multiple sectors.
With a commitment to transparency and accuracy, Truflation's
platform tracks over 20 million items with more than 80+ data
providers. By bringing data on-chain, Truflation is democratizing
access to critical financial information, empowering users to make
better, more informed decisions in real-time.
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Contact
Jennifer
Morrison
Jennifer@truflation.com