After an announcement titled PTT’s Illegal Stealing at CoinTiger Exchangereleased by the PTT Team on Aug. 17, CointTiger Exchange gave a solution and a proposal of Contracts to be Upgradedofficially, for which, the PTT Team made a formal statement as follows:
First of all, all PTT users and supporters shall be assured that in this incident, we have cooperated with many exchanges to put the stolen PTTs under our strict control technically and prevented them from entering the market for any illegal reasons.
As regard to the contract upgrading proposed by CoinTiger Exchange, in the first place, the PTT Team has explicitly stated that the “contract is sound” and has been rigorously audited. Please don’t be affected by the logic of “Requirement for Contract Upgrading to Avoid Stealing” proposed by CoinTiger Exchange.
Again the PTT Team makes it clear hereby that as the project sponsor, all what we are doing shall take the users’ interests as the focus and simple solutions without deliberate consideration on users’ interests and convenience are never our choice”. We will never replace the contract rashly, so you don’t have to worry about any inconvenience and losses arising therefrom.
On the basis of benefiting all users, the PTT Team is also ready for helping CoinTiger to get through the incident with our utmost efforts. Meanwhile, a special emergency foundation for maintenance has been set up in cooperation with multiple parties and absorbed shares beyond those entering the market, in order to maintain the interests of users at our best.