You may not know it yet, but ChainSwap's smart contract was breached on June 10th in a hack that left many victims, including the My Defi Pet protocol.
In the hack in question, the attacker managed to mint 950,000 DPET tokens on the Ethereum network using a ChainSwap exploit. Soon after minting the coins, the hacker sold them on various exchanges such as Pancakeswap, MEXC, Uniswap, etc.
Although the action had a significantly negative impact on the market, 99% of the liquidity pool belonged to the My Defi Pet team, which reduced the damage caused to players.
As soon as they received notifications from the ChainSwap team informing them about the Hack, the My Defi Pet team suspended their transactions
We also have good news!
Despite these bad developments, My Defi Pet has achieved great achievements recently, which reinforced the support of the community.
My DeFi Pet ranked second in the Top 10 Featured Asian Coins on CoinGecko. This means that the project is alongside many other blockchain game giants and has had its great potential internationally recognized.
The protocol also managed to be among the 20 finalists of MVBII, Binance's acceleration program. Which means that My DeFi pet has great chances of receiving direct investments from Binance and being listed in the Binance Innovation Zone.
Because of these two events, My DeFi Pet also gained good recognition on news sites and social networks. It seems that despite the setback, My DeFi Pet has a glorious future ahead!