$PIGGY Security Incident Recovery Plan & Token Migration

We want to sincerely apologize for the stress and losses this incident has caused our holders. Here’s what we’ve confirmed so far and how we’re moving forward.

After reviewing on-chain and exchange data, we confirmed that 20,000,000 $PIGGY was illegitimately minted, and due to compromised private keys, a total of 20,312,298 $PIGGY was released into the market.

Our focus is simple: protect holders, prevent a repeat, and restore stability. Throughout this process, we’ve been working closely with Binance, and we’re incorporating Binance-aligned security guidance as we redesign both the contract and our operational controls.

⚡️What we will do next
✔️ New contract + security rebuild
We will decommission the current contract and deploy a new $PIGGY contract with a stricter privilege model and additional safeguards.

A third-party audit is already in progress. For the recovery, issuance will be BSC only, with a total supply of 100,000,000 $PIGGY.

✔️ Snapshot-based 1:1 migration
Snapshot time: Dec 5, 2025 — 13:00 UTC (aligned with our public announcement timing).
All holders at the snapshot time are covered, excluding attacker-related wallets.

On-chain holders will receive a 1:1 swap based on snapshot balances.

For CEX users, we will provide the required amounts to participating exchanges and request a 1:1 credit to user accounts.
Tokens acquired after the snapshot time are not eligible.

✔️ Buyback + re-lock
To restore market integrity, we will conduct a buyback. All bought-back tokens will be re-locked and released only according to the token release schedule. We’re targeting completion within one month, but if needed to avoid unnecessary market impact, the period may be extended up to six months.

Our target is to complete the new token issuance and snapshot-based 1:1 distribution within December. We’ll keep sharing progress as we execute.

For full details, please refer to our Medium announcement below.

Medium