Current Situation Update

Dear all,

As promised, we are posting the update regarding recent events on Hodl Hodl. First of all, we have almost completed the liquidation/migration of the “high risk” contracts. We want to thank all users who have been proactive and involved in the process. We also want to apologize for any inconvenience caused by this.
Secondly, we are going to return the origination fee to those users (Borrowers) liquidated in the last few days. Please, contact us via lend@hodlhodl.com, providing your contract ID. We will also consider covering other occurred costs that you might have experienced due to this, but this will be made later after evaluating each particular case.
Finally, our investigation is still going on. We are assessing all issues externally and internally in order to prepare a proper transparency report and share this information with you. We are also planning to introduce some new security-focused features on our platform in the upcoming weeks and a new road map to avoid any such situations in the future. We are also reconsidering our communication methods, and will come up with new solutions soon.

Thank you and sorry for the inconvenience caused.

Your security is a top priority for us!

Regards,
Hodl Hodl Team