Satoshi21:
Hey guys to answer your questions, there is a bug in the token contract. The function distributeEBTC in the token contract was found to allow the owner of contract (me) to essentially mint unlimited new tokens, luckily it can only be called by the me. I have not exploited the bug, and I will never exploit the bug. The supply of eBTC will forever remain at 21,000,000 tokens. As soon as it was discovered, the team collectively started brainstorming ideas immediately on how to address the situation and possible solutions. A game plan has formed and will be implemented in the coming days and weeks.
I'm glad to hear the devs address the issue. I still think that is a giant flaw in the code, so I hope they can come up with a satisfactory remedy. This coin seems like it was reasonably fairly distributed (of course some people abused it with multiple accounts but can't be helped) and already gained a lot of traction. I'd hate to see an oversight like this be the death of an interesting project with such an active community.