Without the MINT holdings, the growth could be limited. The company needs MINT tokens for the upcoming funding, partnerships, listings, and many other business development purposes to drive this project. However, we decided that this option should NOT be taken for the following reasons : So, technically we could compensate for the loss by using the company’s holdings of MINT tokens. The company also swapped their HUNT tokens to earn MINT tokens during the pre-sign up period, and about 222B MINT tokens are set for the business development purpose on the company wallet. Remember that there were no token sales and no free team allocations when the MINT token launched. Unfortunately, this incident resulted from their failure to properly manage the Default Admin Role. However, this incident seems to have resulted from the key leakage of the wallet that has an DEFAULT_ADMIN_ROLE (many famous DeFi platforms also have admin functions to protect the fund in an emergency situation). When we partnered with Nutbox, we completed all the possible analysis on Nutbox’s contract, and could not find any security issue and they also went through the CERTIK’s security audit. The funds of our beloved users’ (including the funds of the team members) that were staked in Nutbox were lost due to this incident. The partnering company Nutbox platform had a contract leakage and about 173B MINT tokens in total were hacked from the Nutbox contract. So, we came up with an improvement plan to boost up the liquidity. Mint Club had NO fault in this case, but it helped us realise that the liquidity pool of MINT/WBNB was not large enough to support the large size of trading demands. Because he was a #4 ranked whale, the price impact was huge, which led to a sudden drop, but it rebounded very quickly due to the strong community power. One whale who had about 77B MINT tokens reported to us that his wallet was hacked and all his MINT tokens were gone. The first crisis happened on Nov 17, 2021.
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