Announcement on the Re-Minting of PGALA Token on TRON Network

Dear Huobi Users,

The private key of the owner (Admin of pGALA contract) has been disclosed in Github. Thus the owner lost accesss to contract configeration due to the upgradable transparent proxy adopted by the contact. In this case, the pGALA contract is at risk of being compromised at any time, which will cause a great potential safety hazard.

To ensure the interests of our PGALA holders, Huobi will base on the total amount of PGALA tokens of 6,211,014,582.57982347 held by the platform used as the total circulation amount and re-issue the fully decentralized and circulating PGALA Meme Token (PGALA) on the Tron network. The new contract address is TF7Ncj2PwKYxVthJaCZCRS98XgnXhJ347h.

After the contract swap is complete, the deposit and withdrawal services for PGALA will be available at 23:00:00 (UTC 8) on November 7, 2022, from which the token will be burned on the new contract. The tax burn mechanism for PGALA will not be affected. We would like to invite more exchanges to support the trading and burning of PGALA.

Huobi Global
November 7, 2022

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Huobi Global reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and Huobi Global makes no recommendations or guarantees in respect of any virtual asset, product, or promotion on Huobi Global. Prices of virtual assets are highly volatile and trading virtual assets involves risk. Please read our Risk Reminder text here.