Dear users,
According to their official statement, TRK suffered a hack at 2021-12-12 08:15:16 (UTC) which caused a drastic price deflation for the TRK token. At the request of Torekko's official team, MEXC has suspended trading for TRK/USDT as of 07:00 (UTC) on December 27th.
We have maintained constant communication with the TRK team to discuss various compensation plans for our affected users. Details of the compensation plan are as follows:
1. Tokens on the old contract will be renamed TRKOLD. Upon completion of maintenance, users can choose to withdraw tokens at their own discretion
2. An on-chain snapshot was taken at 08:15:16 (UTC) 2021-12-12. Resolutions will be based on the following circumstances: (0.1128 is the market price before the cyber attack, and 0.0025 is the price upon suspension of trading)
i. Users who have not traded after 08:15:16 (UTC) on December 12th will be compensated 1:1 with the new TRK token
ii. Users with a net buy in greater than 0 between 2021-12-12 08:15:16 and 2021-12-27 07:00:00 (UTC); Amount of new TRK token compensated = (net purchase cost price/0.1128) * net purchase TRK quantity.
iii. Users with a net buy in equal to 0 between 2021-12-12 08:15:16 and 2021-12-27 07:00:00 (UTC); Amount of new TRK token compensated = (0.0025/0.1128) * (net TRK purchase amount/0.0025)
3. For more information, please refer to TRK's official statement
Details of TRK Contract Address Swap
1) The new TRK tokens will automatically replace TRKOLD. TRKOLD tokens will gradually lose their actual value.
2) The new unique contract address for TRK is as follows:
0xa2e3e2817f00822f3c1e71a604eca4196af923d6
3) Trading for the new TRK token will commence at 15:30 (UTC) January 5th 2022
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The MEXC team
4 January 2022
