TechFlow news — In response to pNetwork's statement regarding Huobi, Huobi Global stated that pNetwork's response is false and ineffective. pNetwork exploited a vulnerability in the GALA token by minting an enormous quantity of tokens, fully concealing its attack behavior from exchanges. Within less than an hour of contacting the exchange, pNetwork exploited the smart contract vulnerability to mint 55.6 billion tokens, leaving the exchange no time to react or confirm whether relevant measures had been taken. Despite the availability of safer alternatives, pNetwork deliberately chose the most dangerous approach, putting exchanges and users at significant risk and causing extremely severe consequences.
We demand that pNetwork provide a detailed explanation and clarification of the on-chain data and assume primary responsibility for compensating affected users. Furthermore, given pNetwork's serious harm to user interests, Huobi Global has initiated legal proceedings, and pNetwork will inevitably bear legal liability for its actions.
Add to Favorites
Share to Social Media
