Important Announcement to the Tuki Community
Dear Tuki Community Members,
We are delivering this announcement with an extremely heavy heart. As the Tuki project team, we have been committed to creating a valuable project for our community and used real funds to push the market cap to $10M within 3 days. Unfortunately, we have encountered serious security incidents that have put the project in a difficult situation. Today, we wish to report the incident details, our solutions, and our plan to transfer the project's future entirely to community leadership with the utmost transparency and sincerity.
Security Incident Details
We must honestly inform the community that the Tuki project has suffered two major security incidents in succession:
1. Reward Contract Vulnerability: Due to technical defects, the reward contract had vulnerabilities that resulted in partial loss of team funds.
2. Team Token Wallet Breach: Hacker attacks led to large-scale token dumping, severely affecting market confidence. (We would never engage in insider theft, as leaving at the lowest market cap would be completely disproportionate to what we have already invested).
To address the first vulnerability, we quickly migrated the token contract and injected double liquidity pools to try to stabilise the project. However, the second theft incident completely destroyed our financial and operational capacity. The specific losses are as follows:
- Marketing expense losses: Approximately $300,000 in English-speaking regions, with plans for large-scale collaboration with Chinese-speaking KOLs (due to repair issues, many already contracted KOL promotions have been paid for but not yet published).
- Two fund thefts: Approximately $80,000
- Direct and indirect losses: Total approaching $400,000
We acknowledge that as the project team, we have serious inadequacies in technical capabilities and security protection. These errors make us deeply ashamed, but we want to reiterate: our original intention has always been sincere, and we hoped to create a meaningful meme project for the community. We are completely open and transparent with all information and accept community supervision.
Additionally, our stolen funds were consolidated to this address. We know recovery is almost impossible, but we will continue monitoring this address: bscscan.com/tx/0xbd18dca73…
Our Solutions
To restore the Tuki community and ensure Tuki does not die, we have decided to take the following measures:
1. Ensure Project Security, Transform into a Pure Meme Token
We will transform Tuki into a pure meme token centered on the "Tuki mascot," completely eliminating security risks:
- Renounce all contract permissions: Remove team control over contracts to ensure zero risk
- Lock liquidity pools (LP): Complete full LP locking on the GMGN platform, with status showing "qualified"
- Remove DeFi functions: Focus on meme token community culture and brand value
2. Community-Led Future
We deeply recognise that Tuki's future belongs to the community. Therefore, we have decided to completely hand over the project to the community and propose the following token distribution strategy, aimed at allowing more people to hold tokens and fairly distribute resources:
Token Distribution Plan:
1. All tokens held by the team will be 100% burned.
2. Distribution breakdown:
- 50%: Airdrop to historical users. Scan all addresses that have transacted with Tuki tokens (including purchases, holdings, transfers, etc.), distributed in batches based on historical activity, ensuring early supporters and loyal users receive rewards.
- 30%: Add to LP and permanently lock. Increase liquidity and market stability, protect long-term token value.
- 20%: Community incentive pool. Reward community contributors (such as content creators, KOLs, etc.), with specific allocation decided by community vote.
- Distribution timeline: Distribution will be completed in 2 batches over the next week, with specific rules and timing for each batch decided by community vote.
- Transparent supervision: All distribution processes will be public on-chain, and the community can query at any time.
3. Final Appreciation Action
Despite having lost significant funds, to express our gratitude to the community, we have decided to:
-Use our last $15,000 for buybacks, with 100% burnt
- Future promotion: The project will rely entirely on voluntary community support, with the team no longer leading marketing
Message to the Community
We deeply understand that this incident has caused tremendous impact on the community, and we feel deeply apologetic. As a team with limited technical capabilities, we made serious errors in security and management, but our original intention has never wavered—we have always hoped to create an interesting and valuable meme project for the community.
Now, Tuki's future is in the community's hands. We are prepared to step back, and the project's survival and development will be decided by the community. If the community chooses to continue, we will provide support with the most humble attitude; if the community chooses to give up, we will respect that decision.
Next Steps
Community vote: Whether to continue the Tuki project (Voting period: July 5-10, 2025, voting will be conducted on official TG and X platforms)
Distribution plan confirmation: The community will discuss and determine the final token distribution plan within 3 days after voting ends
Transparent communication: We will provide real-time updates on all progress through X, TG, and our official website
Conclusion
Once again, we offer our most sincere apologies and gratitude to all friends who have supported Tuki.
Regardless of the future, we will bear due responsibility and repay the community's trust through actual actions. Whether the Tuki rabbit spirit can continue to shine depends on you—our most precious community.
Tuki Project Team
Date: July 4, 2025
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