Hello Community!
We regret to inform you that on 16th, 17th November 2017 02:30 am IST, we encountered a security breach in our system due which our vault was compromised. We also encountered other mischievous activities in the said event.
Our legal team, with the help of legal authorities is looking into this matter and we are convinced that the perpetrators of this act will be caught very soon.
Due to the reasons mentioned above and some other technical constraints, we are compelled to deploy a new smart contract. This has been done necessarily to safeguard the interest of our investors and continued success of our platform.
All the ICO Investors of Indicoin have already been credited with the new tokens on 1:1 basis. Moreover, buyers of the token on exchange will also be credited with equivalent number of Tokens. The bounty members will be credited with the tokens in the last week of December. Ether Delta and Idex have been informed about this change. The old tokens for now will be traded on Ether Delta as INDIOLD. We will also be live on HitBTC on 7th December. Listing process on Yobit has also been initiated and the date will be conveyed very soon.
We would also take this moment to assure our community and investors that such cowardly acts will not deter us from our path of building a global platform using blockchain. We have added additional security layers to avoid anything like this from happening in future. We are fully committed to our role in achieving this aim and this unfortunate event will not be more than a slight delay to in our plan. However we do have a bunch of exciting updates regarding our platform development coming out in the next couple of weeks.
In case you need any assistance, please contact the support on telegram by clicking on the link below.
Best Wishes
Team Indicoin
