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Truflation Initiates TRUF Token Redistribution to Strengthen Ecosystem Security and Pave the Way for Growth

exchange683 weeks ago

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New York, New York, October 28th, 2024, Chainwire

In a strategic move to bolster security and support long-term growth, Truflation is initiating a comprehensive redistribution of TRUF tokens. This step comes as part of Truflation’s proactive response to secure its ecosystem following a recent security breach, marking a pivotal moment in the company’s evolution. By initiating this redistribution, Truflation not only safeguards the TRUF Network from further unauthorized access but also reinforces its commitment to transparency and innovation.

The TRUF token migration will take place at 11am UTC on October 29, following a snapshot of user balances and positions. Only whitelisted wallets will be eligible to migrate tokens, ensuring that legitimate holders retain their positions. With the claim portal available on Truflation.com, users can easily view their old TRUF holdings and proceed with the migration.

Instructions for TRUF Token Migration

To claim new TRUF tokens, users should follow these steps via the official Truflation website:

Connect your wallet via Metamask.
View current positions associated with the old TRUF token.
Execute token migration and confirm the success message.

Should users encounter issues, Truflation’s support team is available on Discord. Important: Truflation will never ask for private keys or seed phrases.

Commitment to User Security and Growth

This token redistribution reinforces Truflation’s dedication to user security and represents a proactive step against unauthorized activity following a malware incident that compromised its multisig wallets. Truflation’s partnership with top cybersecurity firms and law enforcement agencies is ongoing to pursue legal action against the perpetrators.

CEO Stefan Rust commented, “This token migration isn’t just a defensive measure—it’s a bold step toward a more resilient and dynamic future for Truflation. We’re thrilled to continue our development of the TRUF Network and deliver innovations that will reshape the financial data landscape.”

The new wallet addresses is: 0x243c9be13fAbA09F945ccc565547293337Da0Ad7

This has been updated on all official channels and the whitepaper.

Looking Ahead

Beyond security, Truflation is preparing for significant growth. The TRUF Network is launching new indices and tools to provide real-time economic data for decentralized finance applications. The platform will also introduce synthetic assets and perpetual markets, expanding opportunities for tokenized real-world assets and redefining transparency in finance.

This token redistribution is a significant milestone, aligning Truflation’s vision with a strong, supportive community as it advances its mission to transform financial data. Truflation remains committed to its community, partners, and stakeholders, and is excited to continue pioneering in the world of decentralized finance.

For further information, please visit Truflation’s official channels.

About Truflation

Truflation is at the forefront of the data revolution, offering real-time, decentralized financial data across multiple sectors. With a commitment to transparency and accuracy, Truflation’s platform tracks over 20 million items with more than 80+ data providers. By bringing data on-chain, Truflation is democratizing access to critical financial information, empowering users to make better, more informed decisions in real-time.