Dear Community,

At approximately 6pm EST on November 15th, 2017 we became aware of a hostile actor that had exploited a staking bug within the Phore code (block 89969 2017-11-14 20:36:39). In order to protect our community we immediately contacted the exchange that listed Phore and requested that they cease all active trading and withdrawals. Our primary goal since the discovery was to be 100% transparent and responsive around this issue.

To address this exploit, we’re rewinding to the point in when the major exploit occurred. We will be conducting a 'rollback' in order to ensure that this has minimal impact on our community. We ask each and every one of you to follow the instructions posted above and on our socials. At present, we do not foresee that this will impact our proposed roadmap or timelines. We are currently working with CoinsMarkets to identify the best course of action for those who conducted trades following block 89969.

This is a blessing in disguise and comes at the right time for us since we can now fix this issue early on in Phore. It has also strengthened our resolve to develop a more stable and secure chain. We will continue to work with out community to resolve any ongoing concerns and to continue to build Phore.