Hello folks, for those who are in United States, happen Thanksgiving.
Last week's report is definitely not easy to write. In the past week, an unexpected major accident occurred on the Walnut platform, leading to the suspension of many services supported from the newly developed system.
This major incident was the hack of the Mint/BNB staking pool hosted by the cooperation between the Nutbox team and the Mint Club; resulting the entire amount of $MINT tokens are stolen from the staking pool. At the end of last weekend, all front-end functions and features were locked.
This lead to data on the Walnut platform was not recorded to generate this report.
The Peanut platform was and is operating normally. A cross-chain transfer function was launched by Nerve Network at the beginning of the week. Therefore, a large part of the $PNUT has been transferred to the Binance Smart Chain (BSC). Due to security concern because of the hacking incident, the cross-chain between TRON and BSC has also been suspended, which caused the total amount of $PNUT tokens were splitted onto both chains and difficult to be counted as a whole.
Peanut platform
The price of $PNUT on TRON dropped significantly in the past week, due to being hacked or cross-chain currency transfer, the price dropped to around $0.002 at the end of the week.
The rest of $PNUT, which has entered the BSC, remains at $0.015. The prices on the two sides are very different. The Nutbox team plans to provide 1:1 token exchange across chains, so the price difference between the two chains has a minimum effect at this point.
The development space on TRON is not as free as BSC, and the cross-chain is a long-term strategy to keep value and utility of $PNUT. However, It's just that a series of recent events have caused the cross-chain plan to be postponed.
The total delegation of the Peanut project has also dropped to around 1 million. Again, because of recent events, the BSC's staking pools, which were supposed to replacing the original pools on the TRON network would not developed/launched as the original dates. Therefore the current pools are still running on the TRON blockchain.
The Walnut platform is completely closed now. Users who do not invest on projects with BSC have to wait for the system to reopen. Many users who invested in $MINT have suffered a lot of losses; the Nutbox team is focusing all their efforts on investigating the cause of the attack, how the system password was stolen, etc. along with the help from Certik and Mint Club.
The impact of this attack is significant, and Walnut will track the attacker through various channels. Walnut will not be defeated by this attack, and patch the product to prevent future security issues.
In response to the attack, Walnut negotiated with Mint Club and took urgent compensation measures:
Incident declaration and compensation：
Compensation rules for this hacking incident：
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