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We wanted to make this blog post about recent events that happened at Hodl Hodl.
First of all, let us apologize for not setting up our communication in the proper way. To ensure that our communication channels are not compromised, we have published a PGP key on our website (see ToS section at lend.hodlhodl.com). Again, we could have handled the communication better, but we didn’t manage to ensure it with all the rush and actions we should be taking to protect our users.
Secondly, we have started migration/liquidation of user contracts to prevent the potential loss of funds. Unfortunately, our recent internal and external audit identified that some user payment passwords might have been compromised. This affected a limited number of contracts, but we are taking proactive measures to ensure that everyone is safe. We are still investigating these issues and building tools to easily migrate funds from old escrow to the new ones. We are going to publish a transparency report on the investigation of these issues and fixing them.
We have contacted external auditors and are doing external and internal audits on a daily basis.
If you have any questions — feel free to contact us through all our communication channels listed in our contacts section.
We continue working and doing our best to avoid any further issues. In the upcoming days, we will post several posts, including our security and transparency road map.
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