EnterButton Announces Recovery and Buyback Plan for Hacked Token

EnterButton Announces Recovery and Buyback Plan for Hacked Token

EnterButton (ENTC), the cryptocurrency platform recently hit by a hacking incident, has announced a recovery and buyback plan to mitigate the damage caused by the attack. According to an official statement released by the EnterButton team, the platform has successfully recovered a significant portion of the stolen assets. Additionally, to further strengthen its security measures, EnterButton has decided to raise an additional fund worth 400 million won (approximately $350,000). All buyback funds will be deposited into a specified account on June 14th, 2023. From June 15th to 30th, the funds will be gradually used to buy back ENTC tokens at market price. On July 1st, all buyback tokens will be burned, effectively reducing the circulating supply of ENTC. In addition to the token buyback, the EnterButton team has also announced an extension of the team wallet token lock-up period until July 1st. This move is aimed at demonstrating the team's commitment to the long-term success of the platform and its users. The EnterButton team emphasized that the buyback and burning process will enhance the value of the remaining ENTC tokens, providing a more secure and stable environment for investors. The team remains confident in the future of the platform and is committed to rebuilding trust with its community.