Public Service Announcement At 03:33:53 an incident occurr | Phantasma Chain Announcements

Public Service Announcement

At 03:33:53 an incident occurred on Binance Smart Chain where an attacker managed to mint additional KCAL and SOUL tokens.

TL;DR - All swaps between all chains have been disabled and all Phantasma RPCs have been set to read only while the investigation is ongoing. The damage to the SOUL token is quite limited (less than 1% of total supply).

Attacker's origin address: https://bscscan.com/tx/0x8a9fc09738bddf8e84811402d8316410cee67d53b1f7708977d5aad23047b5c0

SOUL and KCAL smart contracts on Binance Smart Chain appear to have been affected.

No other contracts have been exploited, the Phantasma mainnet is unaffected and not incolved in the incident. Nep5 SOUL on Neo is unaffected and there are no exploit tokens that have been swapped and sent to Kucoin or any other centralized exchange, and it will not be possible to do so later.

The exploit was discovered within 20 minutes and all cross chain swaps were disabled within 30 minutes of the incident to reduce the impact of the incident. At this time 500k SOUL had been swapped from Binance Smart Chain to Ethereum along with 20M KCAL. 500k SOUL remained on Binance Smart Chain, for a total of 1M SOUL. The SOUL has already been sold, and the attacker does not appear to have any additional SOUL. No additional exploited assets can be cross chain swapped to the Phantasma mainnet, Ethereum or Neo.

The incident had a significant impact on the token value of KCAL. The impact on the token value of SOUL is quite limited as the exploited amount equates to less than 1% of the circulating supply. This is less than 10% of what one single token holder sold over the course of some weeks in the autumn of 2021.

While the investigation is ongoing, noone should trade on Pancakeswap or Uniswap. This applies to both SOUL and KCAL. Tokens in liquidity pools on Uniswap and PancakeSwap should be withdrawn to err on the side of caution until the investigation has concluded.

Snapshots will be taken from Binance Smart Chain and Ethereum to assess token balances prior to the incident.

Expect new contracts for both KCAL and SOUL on Binance Smart Chain and associated airdrops to holders.

Please refrain from excessive speculation and await the team's post mortem report of the incident. We will keep everyone posted as things progress.

Thank you for your trust and patience,
Your Phantasma Team