Update About $TBC Tokens in Cohort 12 and 14
A recent hack at Chainswap led to a major impact on a number of projects that use the platform to bridge tokens between Ethereum and Binance Smart Chain. The hackers took advantage of a potential flaw in the platform’s smart contract protocol, seizing crypto-assets worth more than $8 million. Chainswap has been the victim of two security breaches in less than a month.
One of the UniFarm projects, TeraBlock, is also affected with the hack. The projects is the valued partner of UniFarm. Since the attack took place, we have been in constant touch with $TBC team to ensure there’s absolutely no impact on the UniFarm Community.
TeraBlock has participated in UniFarm Cohort 12 (Ethereum Network) and 14 (Binance Network).
We have worked closely with TeraBlock team to come up with a solution.
Here’s How We’ are Be Dealing with the Issue:
Staking for $TBC Tokens Will Be Halted at UniFarm
In order to ensure the security of our users, we are going to stop further staking of $TBC tokens on Binance Network.
Note: Neither will users be able to stake $TBC tokens nor earn them as rewards in UniFarm Cohort 14.
We have shared all the required data with TeraBlock team.
The new $TBC tokens (both staked tokens as well as reward tokens) will be airdroped by TeraBlock team in user wallets.
No Change in UI
There shall be no change on the UI front for our users. Everything will work exactly as before, seamlessly.
With the latest updates, we have tried to make sure that there’s no impact on UniFarm community and users can stake tokens as before.
UniFarm is a one-of-a-kind staking solution where the best projects in DeFi space come together to provide value to investors. UniFarm allows you to stake one token but earn multiple high-value tokens, so in addition to a great APY, your returns are automatically diversified as well.