VAIOT Daily Update — 02.02.2022

VAIOT_LTD
2 min readFeb 2, 2022

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Dear VAIOT Token holders and stakers,As promised, we have another update regarding the status of the LP and Prestaking issue.VAIOT has taken as many measures as possible to block any further attacks.It is important to note that this was a criminal act. We are taking the proper measures as recommended by our compliance advisors at Grant Thornton, and will follow suggestions made by the MFSA to ensure the offsetting of the negative impact of the attack. In the meantime we have onboarded CoinFirm's forensics team to investigate the on-chain data to try to source and identify the attacker or attackers.Both the LPs and the prestaking v1 pool will remain blocked until we are certain there is no further compromise, so please refrain from trying to enter or withdraw from them until further notice. Once we have the final decision from the MFSA and Grant Thornton, we will be able to share the full plan of recovery.We are committed to performing the correct actions to regain the trust of our loyal community of supporters and token holders. With that said, we would like to thank everyone for their continued support through this process. This has been hard on the team but we firmly believe that together as a community, we will get through this and come out the other side even stronger. We are all in this together!We are working night and day to get everything back to normal as soon as possible in compliance with regulators and will continue to inform you daily on our progress.Thank you for your understanding and trust,
The VAIOT Team

The VAIOT Website, Platforms, Solutions, and Services, and in particular VAI Tokens, are not offered for use and purchase to natural and legal persons having their permanent residence or their seat of incorporation in any of the restricted areas as listed in VAIOT’s Whitepaper, in particular: USA, Germany, Puerto Rico, US Virgin Islands, Canada, China, Singapore, Afghanistan, Central African Republic, Cuba, Democratic Republic of the Congo, Eritrea, Iran, Iraq, Libya, North and South Korea, Somalia, South Sudan, Sudan, Yemen, Zambia (Restricted Areas).

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VAIOT_LTD
VAIOT_LTD

Written by VAIOT_LTD

VAIOT offers LegalTech and DeLaw solutions to democratize legal services by leveraging AI and Blockchain. First VFAA-regulated digital asset issuer.

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