The altcoin Script Network (SCPT) suffered a security breach when a significant portion of its token supply was transferred to a hacker’s wallet. In response, the team is moving to a new contract and initiating a fork within the next few hours to address the hack decisively.
The Script Network team is working diligently to address the security incident immediately. The upcoming transition is designed to restore normalcy and ensure token holders are not adversely affected by the attack. A comprehensive update will be provided as the situation unfolds.
The transition process will be handled automatically by the exchanges and the Script Network team, with no manual action required from the community. Token holders will retain the same amount of tokens they had before the hack.
During this transition period, token holders are advised to refrain from any buying or selling activities as liquidity has temporarily disappeared, which could lead to financial losses. The Script Network team assures that the company’s treasury has not been affected by the security incident and that liquidity remains intact.
Script Network is committed to transparency throughout this process. Following a thorough investigation, additional details about the hack will be provided to the community.
Facing adversity, Script Network is taking swift and decisive action to address the security incident. The upcoming token transition and fork underline the commitment to the community’s security and welfare.
Token holders are to expect the Script Network team to restore normal operations and provide transparent updates as the situation develops. It is worth noting that SCPT was listed on the Bitget, Kucoin, and MXC exchanges on December 20th.