URGENT ANNOUNCEMENT — Regarding Token Unlock

First of all, we sincerely apologize in the delay of official guidance. It was to analyze the situation, and find a solution regarding the incident of YGGDRASH Token Unlock on Friday, June 15, 2018 (KST).

Prior to the explanation, YGGDRASH Team would like to emphasize the facts that the unlock was not caused by any means of hacking, and it is not a deal caused by any internal YGGDRASH Team member, or a threatening factor to token safety.

On June 15, 2018 about 9 AM, a portion of YGGDRASH token was unlocked against our plan, and allowed to move token at discretion of the token owner. This was a token unlock unintended by YGGDRASH Team. Then, it was identified that a number of the unlocked tokens were transferred to decentralized exchanges for trading. Hence, YGGDRASH Team restricted token transfers to decentralized exchanges that were identified to have YGGDRASH tokens in trading as an emergency measure. Moreover, to avoid further transactions from being made, the team has been continuously monitoring cryptocurrency exchanges, and restrict token transactions.

For the past 18 hours, YGGDRASH Team has been identifying the issue, and taking additional measures to resolve the issue. Nevertheless, the team could not swiftly announce on the unlock incident due to the potential risk of further attempts to unlock tokens or secondary damage. Kindly understand that the team cannot disclose the details until the final direction is decided. All YGGDRASH Team members are focusing to arrange and provide the best measures to resolve this incident. The team would like to note that hard fork is currently being considered as a solution to assure the safety of ICO participants’ assets.

Once more, YGGDRASH Team sincerely apologize for the occurred incident. We will work diligently to restore trust and to the betterment of the project. With continuous risk control executions, YGGDRASH Team will announce further implementations in near future.

Thank you for your understanding and support.

Sincerely,

YGGDRASH Team