Dear Hectorians,
HIP 42 has been relaunched! The complications that previously prevented some HEC holders from voting have been resolved. Now, all HEC holders can cast their vote with all their HEC tokens.
We apologize for any inconvenience caused and invite you to vote here: https://snapshot.org/#/hectordao.eth/proposal/0x4dea97a93c7d136f6e3cdce5a6ea05597f2e517d903568a26904c0de6c1129fe.
HIP 42 has been relaunched! The complications that previously prevented some HEC holders from voting have been resolved. Now, all HEC holders can cast their vote with all their HEC tokens.
We apologize for any inconvenience caused and invite you to vote here: https://snapshot.org/#/hectordao.eth/proposal/0x4dea97a93c7d136f6e3cdce5a6ea05597f2e517d903568a26904c0de6c1129fe.
HIP 42 Results
Dear Hectorians,
With heavy hearts and utmost respect for the community's decision, we would like to announce that HIP 42 has concluded with a majority vote (83.31%) in favour of the liquidation of Hector Network and redemption of the $HEC token against the funds in the treasury.
The next steps involve appointing a liquidator, legal counsel, and auditor by the Steering Committee. We anticipate that the overall process will take a minimum of six to twelve months to reach completion. Throughout this journey, we remain committed to maintaining transparency and providing updates and announcements on Twitter, as well as through announcements on Telegram and Discord.
We understand that this outcome may evoke mixed emotions within the community. We sincerely appreciate your understanding, support, and the trust you have placed in us as we navigate this challenging period. Our utmost priority is to execute the liquidation process diligently, adhering to all legal requirements, and ensuring transparency at every step of the way.
We would like to express our gratitude to every individual who has been a part of Hector Network with a special thanks to our amazing Oracles and our moderators. Your engagement and dedication have been invaluable to the Hector Network.
We extend our gratitude to all community members who actively participated in the voting process.
Please stay tuned for further updates, which will be released as soon as possible. We are fully committed to providing you with the needed information as we proceed with the liquidation process.
Thank you once again for your unwavering support.
Dear Hectorians,
With heavy hearts and utmost respect for the community's decision, we would like to announce that HIP 42 has concluded with a majority vote (83.31%) in favour of the liquidation of Hector Network and redemption of the $HEC token against the funds in the treasury.
The next steps involve appointing a liquidator, legal counsel, and auditor by the Steering Committee. We anticipate that the overall process will take a minimum of six to twelve months to reach completion. Throughout this journey, we remain committed to maintaining transparency and providing updates and announcements on Twitter, as well as through announcements on Telegram and Discord.
We understand that this outcome may evoke mixed emotions within the community. We sincerely appreciate your understanding, support, and the trust you have placed in us as we navigate this challenging period. Our utmost priority is to execute the liquidation process diligently, adhering to all legal requirements, and ensuring transparency at every step of the way.
We would like to express our gratitude to every individual who has been a part of Hector Network with a special thanks to our amazing Oracles and our moderators. Your engagement and dedication have been invaluable to the Hector Network.
We extend our gratitude to all community members who actively participated in the voting process.
Please stay tuned for further updates, which will be released as soon as possible. We are fully committed to providing you with the needed information as we proceed with the liquidation process.
Thank you once again for your unwavering support.
Dear Hectorians,
We would like to share an update regarding the progress of the Hector Network dissolution.
On July 18, 2023, the Steering Committee appointed the Liquidation Committee to oversee and run the liquidation process, after which the Steering Committee has ceased to exist.
The Liquidation Committee consists of
Legal Counsel: Sparring
Smart Contract Auditors: Certik and Hacken
BVI Liquidator: To be assigned by the Legal Counsel
Financial Statements and Asset Liquidation: Head of Finance
Infrastructure Closure: Head of Development
Head of Development along with two developers will be retained to wind down all the infrastructure, emissions plan, farming, liquidity pools, write, test and deploy the redemption contracts, and all other tasks regarding the old and new infrastructure. Head of Finance will advise legal counsel and the liquidator on the closing of the financial statements as well as assist with the liquidation of assets and will only remain until that process is completed.
Leo and Zeus have resigned as of 16th and 17th of July and all other contractors terms of service will be honoured over the next month. We express our huge gratitude for their contributions and dedication to the project and wish them the best in their future endeavours.
We assure you that we are committed to conducting the liquidation process with integrity and transparency.
We will keep you updated on the progress of the dissolution and provide further information as it becomes available.
Your support and understanding during this challenging period are greatly appreciated. Should you have any questions or concerns, please do not hesitate to reach out to us through our official communication channels.
Thank you for being part of the Hector Network community, and we extend our gratitude for your support and engagement.
We would like to share an update regarding the progress of the Hector Network dissolution.
On July 18, 2023, the Steering Committee appointed the Liquidation Committee to oversee and run the liquidation process, after which the Steering Committee has ceased to exist.
The Liquidation Committee consists of
Legal Counsel: Sparring
Smart Contract Auditors: Certik and Hacken
BVI Liquidator: To be assigned by the Legal Counsel
Financial Statements and Asset Liquidation: Head of Finance
Infrastructure Closure: Head of Development
Head of Development along with two developers will be retained to wind down all the infrastructure, emissions plan, farming, liquidity pools, write, test and deploy the redemption contracts, and all other tasks regarding the old and new infrastructure. Head of Finance will advise legal counsel and the liquidator on the closing of the financial statements as well as assist with the liquidation of assets and will only remain until that process is completed.
Leo and Zeus have resigned as of 16th and 17th of July and all other contractors terms of service will be honoured over the next month. We express our huge gratitude for their contributions and dedication to the project and wish them the best in their future endeavours.
We assure you that we are committed to conducting the liquidation process with integrity and transparency.
We will keep you updated on the progress of the dissolution and provide further information as it becomes available.
Your support and understanding during this challenging period are greatly appreciated. Should you have any questions or concerns, please do not hesitate to reach out to us through our official communication channels.
Thank you for being part of the Hector Network community, and we extend our gratitude for your support and engagement.
CLOSING OF FANTOM AND CASPER VALIDATORS
Dear Hectorians,
As part of the Hector Network liquidation process, Hector Network’s Fantom and Casper Validators will be closing. This announcement serves as a three-month notice for all users who have staked their $FTM and $CSPR tokens with our validators.
We kindly request that you unstake and withdraw all of your $FTM tokens from Hector Network’s Fantom validator at https://explorer.fantom.network/validator/0xbe4b73f5caff476ed0cdb4c043236fce81f4dc6c and $CSPR tokens form Hector Network’s Casper validator at https://cspr.live/validator/01b98d3b7868e8fca4e6f3927439d92e2555b3faf40665fbe29ab152a271bafb1e.
We appreciate your prompt action in withdrawing your tokens to ensure the safety and security of your assets.
Thank you for your understanding and cooperation.
Dear Hectorians,
As part of the Hector Network liquidation process, Hector Network’s Fantom and Casper Validators will be closing. This announcement serves as a three-month notice for all users who have staked their $FTM and $CSPR tokens with our validators.
We kindly request that you unstake and withdraw all of your $FTM tokens from Hector Network’s Fantom validator at https://explorer.fantom.network/validator/0xbe4b73f5caff476ed0cdb4c043236fce81f4dc6c and $CSPR tokens form Hector Network’s Casper validator at https://cspr.live/validator/01b98d3b7868e8fca4e6f3927439d92e2555b3faf40665fbe29ab152a271bafb1e.
We appreciate your prompt action in withdrawing your tokens to ensure the safety and security of your assets.
Thank you for your understanding and cooperation.
explorer.fantom.network
Fantom Explorer
Fantom Explorer allows you to explore and search the Fantom blockchain for transactions, addresses and blocks
LOCKLESS STAKING UPDATE
Hectorians!
As a part of the ongoing liquidation process of Hector Network (https://t.me/hectornetworkann/1552), we would like to inform all tokenholders that the lockless staking feature will be discontinued and that the Annual Percentage Yield (APY) for lockless staking has been reduced to 0%. We kindly request all tokenholders to unstake their staked tokens and refrain from staking any further 👉 https://app.hector.network/stake.
We appreciate your understanding and cooperation during the liquidation period. Further instructions and updates regarding the redemption process will be provided through our official communication channels.
Hectorians!
As a part of the ongoing liquidation process of Hector Network (https://t.me/hectornetworkann/1552), we would like to inform all tokenholders that the lockless staking feature will be discontinued and that the Annual Percentage Yield (APY) for lockless staking has been reduced to 0%. We kindly request all tokenholders to unstake their staked tokens and refrain from staking any further 👉 https://app.hector.network/stake.
We appreciate your understanding and cooperation during the liquidation period. Further instructions and updates regarding the redemption process will be provided through our official communication channels.
Telegram
Hector Network - Announcements
HIP 42 Results
Dear Hectorians,
With heavy hearts and utmost respect for the community's decision, we would like to announce that HIP 42 has concluded with a majority vote (83.31%) in favour of the liquidation of Hector Network and redemption of the $HEC…
Dear Hectorians,
With heavy hearts and utmost respect for the community's decision, we would like to announce that HIP 42 has concluded with a majority vote (83.31%) in favour of the liquidation of Hector Network and redemption of the $HEC…
LIQUIDATION UPDATE
As of July 17, 2023 at 1600 UTC time, Hector Network, which operated as a DAO, entered into liquidation mode with a majority vote (83.3%) of the Hector Network DAO community (https://t.me/hectornetworkann/1552).
As a result, all operations of Hector Network ceased to exist and are in the process of shutting down.
The assets of Hector Network, less any contractual and statutory obligations and liquidation costs, will be redistributed to $HEC tokenholders through a redemption process. Only the $HEC tokens acquired before the snapshot taken on July 14th at 1200 UTC (https://t.me/hectornetworkann/1548) will be eligible for redemption. The $HEC tokens held by the Hector Network treasury will not be considered for the purpose of redistribution. Since the Liquidation Committee was appointed to oversee and run the liquidation process (https://t.me/hectornetworkann/1553), the Liquidation Committee will post all communication and instructions related to the process, timing, and filing of redemption submissions.
As part of the liquidation process, in the next 24 - 48 hours all social media channels except Discord, Telegram and Twitter will be shut down. Discord, Telegram and Twitter communication channels will transition to announcement-only channels where the Liquidation Committee will provide updates and FAQs.
It is important to rely on official communications from these sources only to avoid misinformation, as fraudulent information may be circulating.
We understand that this may be a challenging time, and we appreciate your patience and cooperation throughout the liquidation process. Please stay tuned for further announcements and frequently asked questions (FAQs) that will address common concerns.
Thank you for your understanding and cooperation.
As of July 17, 2023 at 1600 UTC time, Hector Network, which operated as a DAO, entered into liquidation mode with a majority vote (83.3%) of the Hector Network DAO community (https://t.me/hectornetworkann/1552).
As a result, all operations of Hector Network ceased to exist and are in the process of shutting down.
The assets of Hector Network, less any contractual and statutory obligations and liquidation costs, will be redistributed to $HEC tokenholders through a redemption process. Only the $HEC tokens acquired before the snapshot taken on July 14th at 1200 UTC (https://t.me/hectornetworkann/1548) will be eligible for redemption. The $HEC tokens held by the Hector Network treasury will not be considered for the purpose of redistribution. Since the Liquidation Committee was appointed to oversee and run the liquidation process (https://t.me/hectornetworkann/1553), the Liquidation Committee will post all communication and instructions related to the process, timing, and filing of redemption submissions.
As part of the liquidation process, in the next 24 - 48 hours all social media channels except Discord, Telegram and Twitter will be shut down. Discord, Telegram and Twitter communication channels will transition to announcement-only channels where the Liquidation Committee will provide updates and FAQs.
It is important to rely on official communications from these sources only to avoid misinformation, as fraudulent information may be circulating.
We understand that this may be a challenging time, and we appreciate your patience and cooperation throughout the liquidation process. Please stay tuned for further announcements and frequently asked questions (FAQs) that will address common concerns.
Thank you for your understanding and cooperation.
Telegram
Hector Network - Announcements
HIP 42 Results
Dear Hectorians,
With heavy hearts and utmost respect for the community's decision, we would like to announce that HIP 42 has concluded with a majority vote (83.31%) in favour of the liquidation of Hector Network and redemption of the $HEC…
Dear Hectorians,
With heavy hearts and utmost respect for the community's decision, we would like to announce that HIP 42 has concluded with a majority vote (83.31%) in favour of the liquidation of Hector Network and redemption of the $HEC…
DELISTING FROM BITMART
Hectorians!
Earlier this month, trading pairs TOR/USDT, TOR/USDC, and HEC/TOR were removed from BitMart. Yesterday, trading was also closed for the HEC/USDT pair. If you had any open orders that were not canceled before the closing, the system will automatically cancel them, and your assets will be credited to your trading account.
Please take note of the following dates for closing withdrawals:
Close Withdrawal for TOR: 9/10/2023 at 10:00 AM UTC
Close Withdrawal for HEC: 9/25/2023 at 10:00 AM UTC
Kindly be aware that failure to withdraw related tokens in a timely manner may result in the loss of your assets. Hector Network and BitMart will not be held responsible for any asset losses caused by such actions.
Please make sure to follow the withdrawal dates and retrieve your assets accordingly. Should you have any concerns or queries, feel free to reach out to BitMart's support team.
Hectorians!
Earlier this month, trading pairs TOR/USDT, TOR/USDC, and HEC/TOR were removed from BitMart. Yesterday, trading was also closed for the HEC/USDT pair. If you had any open orders that were not canceled before the closing, the system will automatically cancel them, and your assets will be credited to your trading account.
Please take note of the following dates for closing withdrawals:
Close Withdrawal for TOR: 9/10/2023 at 10:00 AM UTC
Close Withdrawal for HEC: 9/25/2023 at 10:00 AM UTC
Kindly be aware that failure to withdraw related tokens in a timely manner may result in the loss of your assets. Hector Network and BitMart will not be held responsible for any asset losses caused by such actions.
Please make sure to follow the withdrawal dates and retrieve your assets accordingly. Should you have any concerns or queries, feel free to reach out to BitMart's support team.
REDEMPTION FAQ
Dear all,
As it was announced, the Liquidation Committee has prepared answers to frequently asked questions delivered by moderators who collected them in various chat groups, and they are available at https://ow.ly/e89450PnBO2.
Questions that may have been missed or may emerge till the redemption conclusion can be sent on the following email address questions@hector.network and the answers will be added to the FAQs update(s).
We would like to take this opportunity to remind you of the importance of relying on communication from official sources only. This ensures that you receive accurate information and avoids any potential misinformation that may be circulating.
Thank you for your cooperation and understanding.
Liquidation Committee
Dear all,
As it was announced, the Liquidation Committee has prepared answers to frequently asked questions delivered by moderators who collected them in various chat groups, and they are available at https://ow.ly/e89450PnBO2.
Questions that may have been missed or may emerge till the redemption conclusion can be sent on the following email address questions@hector.network and the answers will be added to the FAQs update(s).
We would like to take this opportunity to remind you of the importance of relying on communication from official sources only. This ensures that you receive accurate information and avoids any potential misinformation that may be circulating.
Thank you for your cooperation and understanding.
Liquidation Committee
CURVE FINANCE EXPLOIT
On Sunday 30, July 2023 at approximately 18:45 UTC, a security incident occurred involving certain pools using Vyper version 0.2.15, 0.2.16 and 0.3.0 and a number of decentralised finance projects were affected by the attack, including Curve finance (https://blockworks.co/news/curve-suffers-exploit). This exploit was a result of a malfunctioning reentrancy lock related to a Vyper bug, as reported by the official Curve Finance Twitter handle. A staggering amount of over $70 million was drained from the affected pools during this hack.
All affected pools have been drained or white hacked and the Vyper team is assessing the situation with affected teams. The targeted pools, namely alETH/ETH, msETH/ETH, pETH/ETH and CRV/ETH, suffered losses, while all other pools remain safe and unaffected by the bug.
Hector Network, prior to the hack, held 258 ETH and 606,239 CRV in the CRV-ETH pool Unfortunately, approximately 97% of these assets have been drained, totaling $0.95 million, and are no longer under direct control of Hector Network.
The total amount of assets held in treasury as part of the liquidation proceeds have now been updated to reflect this current situation, with an estimated value of $13.8 million. This reduction is attributed to the Curve exploit and a 4.5% market-to-market value decline of the held tokens over the past two weeks.
To safeguard the remaining assets after the hack, transactions were executed to withdraw tokens from Curve and Convex.
Moreover, adhering to the redemption process timeline provided on July 28th, all the liquidity from the remaining pools (excluding TOR and HEC) across PancakeSwap and Curve will be removed this week. Additionally, tokens will be unstaked from platforms such as Aave, Convex, Lido, and SpookySwap. The remaining tokens will be swapped for USDT, USDC and ETH on Ethereum.
Hector Network is committed to taking all necessary steps to resolve the technical issues and to claim the hacked funds and will provide further updates and information in the coming days and weeks as the situation unfolds.
Hector Network Liquidation Committee
On Sunday 30, July 2023 at approximately 18:45 UTC, a security incident occurred involving certain pools using Vyper version 0.2.15, 0.2.16 and 0.3.0 and a number of decentralised finance projects were affected by the attack, including Curve finance (https://blockworks.co/news/curve-suffers-exploit). This exploit was a result of a malfunctioning reentrancy lock related to a Vyper bug, as reported by the official Curve Finance Twitter handle. A staggering amount of over $70 million was drained from the affected pools during this hack.
All affected pools have been drained or white hacked and the Vyper team is assessing the situation with affected teams. The targeted pools, namely alETH/ETH, msETH/ETH, pETH/ETH and CRV/ETH, suffered losses, while all other pools remain safe and unaffected by the bug.
Hector Network, prior to the hack, held 258 ETH and 606,239 CRV in the CRV-ETH pool Unfortunately, approximately 97% of these assets have been drained, totaling $0.95 million, and are no longer under direct control of Hector Network.
The total amount of assets held in treasury as part of the liquidation proceeds have now been updated to reflect this current situation, with an estimated value of $13.8 million. This reduction is attributed to the Curve exploit and a 4.5% market-to-market value decline of the held tokens over the past two weeks.
To safeguard the remaining assets after the hack, transactions were executed to withdraw tokens from Curve and Convex.
Moreover, adhering to the redemption process timeline provided on July 28th, all the liquidity from the remaining pools (excluding TOR and HEC) across PancakeSwap and Curve will be removed this week. Additionally, tokens will be unstaked from platforms such as Aave, Convex, Lido, and SpookySwap. The remaining tokens will be swapped for USDT, USDC and ETH on Ethereum.
Hector Network is committed to taking all necessary steps to resolve the technical issues and to claim the hacked funds and will provide further updates and information in the coming days and weeks as the situation unfolds.
Hector Network Liquidation Committee
Blockworks
Curve suffers $70M exploit, but damage contained
Code bug leaves four Curve Finance pools vulnerable to theft of over $70 million, but all other pools now safe, spokesperson says
CLOSING OF HECTOR INSTITUTE
Dear Hector Institute Users,
As part of the liquidation process of Hector Network, the Hector Institute will be closing its operations.
We kindly request that you promptly settle any outstanding loans and withdraw all your assets from the Hector Institute before September 30th, 2023.
On September 30th, the Hector Institute will be removed from the UI, and after that, closing positions and withdrawing remaining assets from the Hector Institute will have to be done by interacting with the smart contracts. A guide for withdrawing funds through the smart contract can be found at https://drive.google.com/file/d/1C2eJ1Qtyx-P3j_8x-vjChNJue73NwtVa/view?usp=sharing.
It is important to note that although Hector Institute will be removed from the UI, in case the value of an unclosed position meets the criteria for a liquidation, a liquidation process can still be triggered in which a liquidator would repay the borrowed amount and seize collateral at a premium.
Please be aware that failure to withdraw related tokens in a timely manner may result in the loss of your assets. Hector Network and Ola Finance will not be held responsible for any asset losses caused by such actions.
If you have any questions or need assistance during the withdrawal process, please reach out to us through questions@hector.network.
Thank you for your cooperation and timely action.
Hector Network Liquidation Committee
Dear Hector Institute Users,
As part of the liquidation process of Hector Network, the Hector Institute will be closing its operations.
We kindly request that you promptly settle any outstanding loans and withdraw all your assets from the Hector Institute before September 30th, 2023.
On September 30th, the Hector Institute will be removed from the UI, and after that, closing positions and withdrawing remaining assets from the Hector Institute will have to be done by interacting with the smart contracts. A guide for withdrawing funds through the smart contract can be found at https://drive.google.com/file/d/1C2eJ1Qtyx-P3j_8x-vjChNJue73NwtVa/view?usp=sharing.
It is important to note that although Hector Institute will be removed from the UI, in case the value of an unclosed position meets the criteria for a liquidation, a liquidation process can still be triggered in which a liquidator would repay the borrowed amount and seize collateral at a premium.
Please be aware that failure to withdraw related tokens in a timely manner may result in the loss of your assets. Hector Network and Ola Finance will not be held responsible for any asset losses caused by such actions.
If you have any questions or need assistance during the withdrawal process, please reach out to us through questions@hector.network.
Thank you for your cooperation and timely action.
Hector Network Liquidation Committee
LIQUIDATION UPDATE
Update on Curve Finance Exploit
After the exploit on July 30, 2023 (https://t.me/hectornetworkann/1559) and a bounty of 10% of any stolen funds offered by Curve Finance and other affected projects (https://twitter.com/CurveFinance/status/1687180381714358272?s=20), the attacker began returning stolen funds. So far, Alchemix and JPEG'd have reported the return of all funds taken in the exploit (https://cointelegraph.com/news/alchemix-reports-return-of-all-stolen-funds-from-curve-pools). The deadline for the exploiter to return funds stolen from the CRV-ETH pool expired and now they are offering a bounty of 10% ($1.85M USD) to the person that is able to identify the exploiter. (https://twitter.com/CurveFinance/status/1688221472815284224?s=20)
Redemption FAQs Update #1
As part of the ongoing liquidation process, the Liquidation Committee has compiled additional questions for the frequently asked questions (FAQs) section. These new questions have been included with the previously posted Redemption FAQ. You can access the updated FAQs at the following link: https://hector.network/.
For any other questions that may have emerged or were missed, please send them to the dedicated email address: questions@hector.network. The Liquidation Committee will review and address these questions in future updates.
Please bear in mind the critical importance of relying solely on official channels for information:
👉 https://t.me/hectornetworkann
👉 https://discord.gg/hector
👉 https://twitter.com/Hector_Network
👉 https://hector.network/.
During the liquidation process, it is crucial to exercise caution and avoid being misled by scams, misinformation, harmful rumours, or FUD (Fear, Uncertainty, Doubt). Trusted official sources should always be referred to in order to receive accurate and reliable updates.
Thank you for your cooperation and understanding.
Hector Network Liquidation Committee
Update on Curve Finance Exploit
After the exploit on July 30, 2023 (https://t.me/hectornetworkann/1559) and a bounty of 10% of any stolen funds offered by Curve Finance and other affected projects (https://twitter.com/CurveFinance/status/1687180381714358272?s=20), the attacker began returning stolen funds. So far, Alchemix and JPEG'd have reported the return of all funds taken in the exploit (https://cointelegraph.com/news/alchemix-reports-return-of-all-stolen-funds-from-curve-pools). The deadline for the exploiter to return funds stolen from the CRV-ETH pool expired and now they are offering a bounty of 10% ($1.85M USD) to the person that is able to identify the exploiter. (https://twitter.com/CurveFinance/status/1688221472815284224?s=20)
Redemption FAQs Update #1
As part of the ongoing liquidation process, the Liquidation Committee has compiled additional questions for the frequently asked questions (FAQs) section. These new questions have been included with the previously posted Redemption FAQ. You can access the updated FAQs at the following link: https://hector.network/.
For any other questions that may have emerged or were missed, please send them to the dedicated email address: questions@hector.network. The Liquidation Committee will review and address these questions in future updates.
Please bear in mind the critical importance of relying solely on official channels for information:
👉 https://t.me/hectornetworkann
👉 https://discord.gg/hector
👉 https://twitter.com/Hector_Network
👉 https://hector.network/.
During the liquidation process, it is crucial to exercise caution and avoid being misled by scams, misinformation, harmful rumours, or FUD (Fear, Uncertainty, Doubt). Trusted official sources should always be referred to in order to receive accurate and reliable updates.
Thank you for your cooperation and understanding.
Hector Network Liquidation Committee
Telegram
Hector Network - Announcements
CURVE FINANCE EXPLOIT
On Sunday 30, July 2023 at approximately 18:45 UTC, a security incident occurred involving certain pools using Vyper version 0.2.15, 0.2.16 and 0.3.0 and a number of decentralised finance projects were affected by the attack, including…
On Sunday 30, July 2023 at approximately 18:45 UTC, a security incident occurred involving certain pools using Vyper version 0.2.15, 0.2.16 and 0.3.0 and a number of decentralised finance projects were affected by the attack, including…
LIQUIDATION UPDATE
An important update, comprising information about holding tokens, wallet registration for redemption, treasury assets, the monthly financial summary, and FAQs Update #2, has been made available at https://hector.network/.
Further updates will be provided as they become available. Your understanding and cooperation are greatly appreciated.
Hector Network Liquidation Committee
An important update, comprising information about holding tokens, wallet registration for redemption, treasury assets, the monthly financial summary, and FAQs Update #2, has been made available at https://hector.network/.
Further updates will be provided as they become available. Your understanding and cooperation are greatly appreciated.
Hector Network Liquidation Committee
LIQUIDATION UPDATE
A new update, including information about holding tokens, the Wallet Registration dApp upgrade, treasury assets, the monthly financial summary, and FAQs Update #3, is now accessible at https://hector.network/.
Further updates will be provided as they become available. Your understanding and cooperation are greatly appreciated.
Hector Network Liquidation Committee
A new update, including information about holding tokens, the Wallet Registration dApp upgrade, treasury assets, the monthly financial summary, and FAQs Update #3, is now accessible at https://hector.network/.
Further updates will be provided as they become available. Your understanding and cooperation are greatly appreciated.
Hector Network Liquidation Committee
LIQUIDATION UPDATE
A new update, including information about holding tokens, the Wallet Registration dApp upgrade, TOR redemption, treasury assets, and FAQs Update #4, is now accessible at https://hector.network/.
Further updates will be provided as they become available. Your understanding and cooperation are greatly appreciated.
Hector Network Liquidation Committee
A new update, including information about holding tokens, the Wallet Registration dApp upgrade, TOR redemption, treasury assets, and FAQs Update #4, is now accessible at https://hector.network/.
Further updates will be provided as they become available. Your understanding and cooperation are greatly appreciated.
Hector Network Liquidation Committee
SERVER OUTAGE
We are currently experiencing an issue with our host provider servers. As a result, the website and wallet registration site are currently inaccessible.
We are working with our provider to restore services in a timely manner.
Further updates will be provided as they become available. Your understanding and cooperation are greatly appreciated.
Hector Network Liquidation Committee
We are currently experiencing an issue with our host provider servers. As a result, the website and wallet registration site are currently inaccessible.
We are working with our provider to restore services in a timely manner.
Further updates will be provided as they become available. Your understanding and cooperation are greatly appreciated.
Hector Network Liquidation Committee
SERVER OUTAGE RESOLVED
The website and wallet registration site are currently accessible and working properly.
Your understanding and cooperation are greatly appreciated.
Hector Network Liquidation Committee
The website and wallet registration site are currently accessible and working properly.
Your understanding and cooperation are greatly appreciated.
Hector Network Liquidation Committee
LIQUIDATION UPDATE
A new update, including information about holding tokens, the Wallet Registration dApp, TOR redemption, treasury assets, monthly update, and FAQs Update #5, is now accessible at https://hector.network/.
Further updates will be provided as they become available. Your understanding and cooperation are greatly appreciated.
Hector Network Liquidation Committee
A new update, including information about holding tokens, the Wallet Registration dApp, TOR redemption, treasury assets, monthly update, and FAQs Update #5, is now accessible at https://hector.network/.
Further updates will be provided as they become available. Your understanding and cooperation are greatly appreciated.
Hector Network Liquidation Committee
LIQUIDATION UPDATE
The intellectual property of Hector Network is available for sale on OpenSea. The following assets are listed for auction:
Atlantica Marketplace: https://opensea.io/assets/ethereum/0x407d79cc8da524468ba21332eed19eaaa7012103/2/
Atlantica Launchpad: https://opensea.io/assets/ethereum/0x407d79cc8da524468ba21332eed19eaaa7012103/1/
Library: https://opensea.io/assets/ethereum/0x407d79cc8da524468ba21332eed19eaaa7012103/3/
Mythos NFT Collection: https://opensea.io/assets/ethereum/0x407d79cc8da524468ba21332eed19eaaa7012103/4/
The Oikos: https://opensea.io/assets/ethereum/0x407d79cc8da524468ba21332eed19eaaa7012103/5/
The minimum bid is based on a percentage of the development cost incurred for each project.
The intellectual property (“IP”) listed for sale is provided “AS IS”, without any warranties, express or implied, including but not limited to the implied warranties of merchantability, fitness for a particular purpose, or non-infringement. The seller of this IP makes no representations or warranties concerning the legal or commercial viability, accuracy, completeness, reliability, or usefulness of this IP.
Further updates will be provided as they become available. Your understanding and cooperation are greatly appreciated.
Hector Network Liquidation Committee
The intellectual property of Hector Network is available for sale on OpenSea. The following assets are listed for auction:
Atlantica Marketplace: https://opensea.io/assets/ethereum/0x407d79cc8da524468ba21332eed19eaaa7012103/2/
Atlantica Launchpad: https://opensea.io/assets/ethereum/0x407d79cc8da524468ba21332eed19eaaa7012103/1/
Library: https://opensea.io/assets/ethereum/0x407d79cc8da524468ba21332eed19eaaa7012103/3/
Mythos NFT Collection: https://opensea.io/assets/ethereum/0x407d79cc8da524468ba21332eed19eaaa7012103/4/
The Oikos: https://opensea.io/assets/ethereum/0x407d79cc8da524468ba21332eed19eaaa7012103/5/
The minimum bid is based on a percentage of the development cost incurred for each project.
The intellectual property (“IP”) listed for sale is provided “AS IS”, without any warranties, express or implied, including but not limited to the implied warranties of merchantability, fitness for a particular purpose, or non-infringement. The seller of this IP makes no representations or warranties concerning the legal or commercial viability, accuracy, completeness, reliability, or usefulness of this IP.
Further updates will be provided as they become available. Your understanding and cooperation are greatly appreciated.
Hector Network Liquidation Committee
LIQUIDATION UPDATE
A new update, including information about holding tokens, the Wallet Registration dApp, TOR redemption, treasury assets, monthly update, intellectual property, and FAQs Update #6, is now accessible at https://hector.network/.
Further updates will be provided as they become available. Your understanding and cooperation are greatly appreciated.
Hector Network Liquidation Committee
A new update, including information about holding tokens, the Wallet Registration dApp, TOR redemption, treasury assets, monthly update, intellectual property, and FAQs Update #6, is now accessible at https://hector.network/.
Further updates will be provided as they become available. Your understanding and cooperation are greatly appreciated.
Hector Network Liquidation Committee
LIQUIDATION UPDATE
Wallet Registration closed on December 31, 2023.
The Redemption will begin in January 2024.
An update will be provided on January 12, 2024.
Your understanding and cooperation are greatly appreciated.
Hector Network Liquidation Committee
Wallet Registration closed on December 31, 2023.
The Redemption will begin in January 2024.
An update will be provided on January 12, 2024.
Your understanding and cooperation are greatly appreciated.
Hector Network Liquidation Committee
REDEMPTION UPDATE
On 19 February 2024, Mr Drury and Mr Pretlove both of Interpath (BVI) Limited, PO Box 4571, LM Business Centre, Fish Lock Road, Road Town, Tortola, British Virgin Islands, VG1110 were appointed by the Virgin Islands High Court (Commercial Division), Eastern Caribbean Supreme Court as joint and several interim receivers (the Receivers) over all of the assets held by or on behalf of Hector DAO, including the assets held within wallet 0xdCad10a8E82fe4e90Cb69B1757C2d612745CD1C9 (the Treasury Assets), with immediate effect, for the purpose of collecting in and preserving such assets.
It is intended that the Receivers will liquidate and distribute the Treasury Assets to HEC Tokenholders, to give effect to HIP 42. Before they are able to do so, their appointment will need to be confirmed by the BVI courts on a final basis. In the interim, the tokens will be safeguarded for the benefit of all HEC Tokenholders and the Treasury Assets have been transferred into a dedicated wallet for that purpose.
The duty of the Receivers is to act in respect of the interests of the HEC Tokenholders collectively and the Receivers and will be seeking to create an open and transparent dialogue with the community in order to take safe custody of the Treasury Assets in the first instance as officers of the Court. Ultimately, it is intended that the Receivers will provide clear details as to a collective distribution process and strategy as well as conducting investigations into the recent hacks that need to be undertaken with a view to effecting asset recoveries for the benefit of Tokenholders.
The Receivers have control of the communication channels of Hector Network and will provide more information as to the next steps and how Tokenholders can contact the Receivers to discuss any concerns and all aspects of their appointment.
The Receivers are mindful of the time that has already passed since HIP 42 was put to vote and will take such steps as they are able without delay.
On 19 February 2024, Mr Drury and Mr Pretlove both of Interpath (BVI) Limited, PO Box 4571, LM Business Centre, Fish Lock Road, Road Town, Tortola, British Virgin Islands, VG1110 were appointed by the Virgin Islands High Court (Commercial Division), Eastern Caribbean Supreme Court as joint and several interim receivers (the Receivers) over all of the assets held by or on behalf of Hector DAO, including the assets held within wallet 0xdCad10a8E82fe4e90Cb69B1757C2d612745CD1C9 (the Treasury Assets), with immediate effect, for the purpose of collecting in and preserving such assets.
It is intended that the Receivers will liquidate and distribute the Treasury Assets to HEC Tokenholders, to give effect to HIP 42. Before they are able to do so, their appointment will need to be confirmed by the BVI courts on a final basis. In the interim, the tokens will be safeguarded for the benefit of all HEC Tokenholders and the Treasury Assets have been transferred into a dedicated wallet for that purpose.
The duty of the Receivers is to act in respect of the interests of the HEC Tokenholders collectively and the Receivers and will be seeking to create an open and transparent dialogue with the community in order to take safe custody of the Treasury Assets in the first instance as officers of the Court. Ultimately, it is intended that the Receivers will provide clear details as to a collective distribution process and strategy as well as conducting investigations into the recent hacks that need to be undertaken with a view to effecting asset recoveries for the benefit of Tokenholders.
The Receivers have control of the communication channels of Hector Network and will provide more information as to the next steps and how Tokenholders can contact the Receivers to discuss any concerns and all aspects of their appointment.
The Receivers are mindful of the time that has already passed since HIP 42 was put to vote and will take such steps as they are able without delay.