- WadzPay posted an official notice recognizing a potential security breach.
- The team and CEO’s swift response to the issue led to no funds being impacted.
- WTK community remains disgruntled despite swift actions.
The crypto community witnesses another swift response to what seems to be an unexpected security breach. This time the project affected is WadzPay (WTK). This was one of the most bullish projects for this bull run but due to unforeseen roadblocks during its tier-1 launch, the project faced major dumps.
This has led to a prolonged negative sentiment from the WTK community, which has divided them into two factions. The first showcases diamond hands who look at the long-term view and believe in the project’s goals and capabilities. The second includes mostly scorned WTK holders who claim the project is a scam.
WadzPay Investigates Potential Security Breach
Presently, the WadzChain Network announced that there has been a potential security breach regarding WTK. The notice goes on the state that the team is investigating the matter and tells the community that no holdings have been impacted which is a great relief to the WTK community.
The notice also confirmed that the team will be taking steps to identify the gaps and make fixes where necessary. CEO Anish also responded to the notice with gratitude towards the community for their support and went on to add more context to the issue of the breach.
Dear WadzChain Community,
Thank you for the support during this critical time. While investigations are still ongoing, there appears to be a vulnerability in the bridge which was leveraged to drain the swap contracts of supply.
In the lead-up to the launch of WadzChain, we… https://t.co/Ho24yl7M7f
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— Anish (@Anish_tweeets) October 11, 2024
Despite this tug-of-war response from the community, the WTK team continues to share updates with its community to maintain its promise of transparency. Most recently, the CEO of WadzPay shared the latest update on the project and his gratitude towards the continued community support.
He also went on to acknowledge the negative sentiment in the community and promised to dispel it with the team’s future plans for the project. This message came forth after the WTK community pleaded for direct communication from the leaders of the project, even after the message, many are left unsatisfied. However, it is clear that these negative sentiments will not stop the Wadzpay team from continuing towards their goals.
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