On January 5th we launched our XDEF token on uniswap. XDEF is a DEFI TVL rebasing protocol of which was a fork of another prominent rebase project. But just after the launch we noticed an exploit and quickly moved to prevent the exploiter from doing harm to the project.

The nature of the exploit is one of our developer has left the _mint function as external instead of internal, this allowed anyone to call it and mint more XDEF tokens and so it happened.

Our liquidity was locked as shown here https://v2.unicrypt.network/pair/0x4c2544f58b6095a03660e4b8526c85958da7c5b9 so the only recourse was to recover all…

Xdefi Finance

Xdefi — Defi TVL Synthetic Elastic Index Fund A brand new asset class that will revolutionize how individuals invest in digital

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