0xJohnny

Rekt @0xJohnny_ #RektPunk #NFT #NFTdrops #nftart

The World's first #NFTdrop for reimbursement

Let’s celebrate the birth of @RektPunk_ (Only a couple to introduce now) Rekt Punk is the world’s first reimbursement NFT. A total of 10K unique collectibles. We are against the attacks on DeFi. We are for the DeFi! #RektPunk #NFT #NFTCollector #NFTCommunity

Punk’s Not Dead. #RektPunk #NFT #NFTCollectors #NFTCommunity @PunkProtocol

- All funds received from the white-hat hacker have been returned. - Punk Token for additional compensation will be distributed on August 27. - peUSD and NFT drop will be announced asap. Thanks for the patience and support.

7/ We came a long way to learn a painful truth. Security always comes as the utmost priority in DeFi protocols. We will be implementing additional tools to secure the protocol and prevent another tragedy. Look for more details on our Medium.

6/ Fortunately, the code that caused the hack has been modified. Redistribution and normalization of code will take place after successfully completing current SmartContract security audits and vulnerability remediation.

5/ Disclaimer - The transfer of the amount of 3,150,000 PUNK (15% of total supply), previously allocated for the contributors, will be frozen until the <Recovery Fund> contract accumulates $4,041,504, targeted for recovery.

4/ With the total of damaged funds, the sum of Punk Token to be rewarded is about 202,075.2. The reward originally planned for the Fair Launch, put to a halt due to the attack, includes 210,000 Tokens. … we will be distributing those Punk Tokens pro-rata.

3-2/ For the rest of the recovery; All the efforts and Punky spirits into an NFT project. A Drop event was originally planned as a token of appreciation to Punk users on August 31st. But we have since pivoted the NFT project and will be a for-profit project to compensate.

3-1/ peUSD - Punk protocol prioritizes the reimbursement of the unreturned funds, $4,041,504. We will be granting peUSD, a type of guaranteed token for the lost tokens to reimburse in full. In short, owners of peUSD will be able to do a 1:1 swap for DAI from the <Recovery Fund>.

3/ Recovery of the remaining value, $4M, is the next prime concern after the refund of 55%. Since the figure is no small amount, the next priority is to normalize our protocol and re-launch to secure a long-term protocol survival and recover its reliability.

2/ Our priority was that users understand the recovery plan while mitigating the damage and maximizing user satisfaction. The funds recovered from the white-hat hacker will be instantly distributed pro rata to the Fair Launch participants within 24 hours after this post.

Punk Compensation Plan and the Path Forward In detail : link.medium.com/DzCpnTKzFib 1/ On August 10, 2021, Punk Protocol was attacked and $9 million worth of crypto assets were drained from the contract. $5M recovered after $1M given as a finder’s fee to the white hat hacker.

2/2
 First, we would appreciate it if you could contact us with verifying the signature of your wallet address through hello@punk.finance Please immediately contact us within 24 hours as this can have a huge impact on the compensation plan. Verify here: etherscan.io/verifySig

1/2 Dear Top 3 deposited wallet address owners, - 0xf49a12fE6a05bdFc7C0cd4FE2A19724CCFbA18d3 - 0xe1cd21e5d6f4323E91dA943B0A4F1732acC7a138 - 0x82dc92b01c7fF54911842956083795f60f6F64f4 There's some agenda we really want to discuss before we announce the recovery plan.

We'll be announcing within 35 hours how to compensate our community, fix the vulnerabilities, how we're getting audited, and what our road map is going forward. +We didn't receive the first hacker's message and funds yet. There's still time to make amends. Please contact us.

12/ Detailed Information is on our medium : link.medium.com/33BKBAvpCib We will keep you updated about a proper and specific compensation plan within the next 48 hours. Once again, we are truly sorry that this happened. -From all contributors of Punk Protocol

11/ The deposit and withdrawal service will be suspended during this period, but it is possible to send transactions through all contracts so please do not send your funds or make any transactions directly to the contracts.