iMe Smart Platform Plans $LIME Token Buyback to Stabilize Price After BingX Attack

iMe has recently addressed the iMe community about a significant security breach at BingX Exchange, which has impacted several tokens, including the platform's $LIME token.

iMe Smart Platform has addressed the community about a significant security breach at BingX Exchange, which has impacted several tokens, including the platform's $LIME token.

The breach reportedly included the loss of access to BingX’s hot wallet, which has raised concerns and prompted a response from the iMe team.

“We regret to inform you that #BingX Exchange has recently experienced a security breach affecting their hot wallet. During this attack, several tokens were compromised, including LIME. We are currently negotiating with BingX to resolve this issue and fairly compensate the incurred losses.

“The iMe team is doing our best to address the outcomes of this attack and guarantee that our community is safe during this period. We suggest that you be patient and supportive as we work with BingX to fix this problem.

“The iMe team is willing to prove the point that BingX is willing to do all that is required to address this problem and regain people’s trust.”

Following the breach, the iMe team has also highlighted that they have not sold any tokens and will be focusing on using any compensation received from the centralized exchange for a buyback program.

This program will involve buying back $LIME tokens to help establish a more stable price for the token, which is currently experiencing fear and fluctuating market prices due to the attack.

“We also want to explain one basic rule of storing cryptocurrency to our users. If your tokens are in your exchange wallets, then these tokens are not fully secure.

“To enhance your asset security, you may utilize the iMe self-custody wallet or such staking options provided by our platform. This suggestion is to assist you in regaining control of the tokens as well as avoid going through such data loss again.”