We just want to take a moment to say thank you.
The amount of support, patience, and kind messages we’ve received over the last couple of days has honestly meant a lot to us. We’ve read your messages, and we’re extremely grateful to have this community behind us during such unfortunate circumstances.
As we’ve already explained in our reports, ZealousSwap itself was not exploited. The issue originated from the KRC 20 indexer, but unfortunately the consequences reached our liquidity pools and affected many of you.
We also want to make something clear for anyone who may not know this: the ZealousSwap protocol itself was one of the biggest liquidity providers in both the ZEAL and NACHO pools, so the protocol suffered significant losses alongside everyone else.
But when it comes to the recovery plan, recovering the protocol’s own liquidity is not our priority.
Our focus is on the community.
We are working tirelessly on a recovery plan that is as fair as possible to everyone affected, including those who bought after the incident. There are a lot of moving pieces and we want to make sure we get this right rather than rush into a solution that creates another group of people who are treated unfairly.
If recovering users means the protocol never recovers its own lost liquidity, we are prepared for that. Removing the protocol from the recovery equation also makes what we are trying to achieve significantly more realistic.
We’re sorry that our community has had to go through this, even though the vulnerability itself was outside of ZealousSwap. Right now, what matters to us is what we do next.
Thank you again for sticking with us. ❤️
We’ll share the recovery plan as soon as we’re confident it is the fairest path forward.