TFBX CELO NEW CONTRACT ANNOUNCEMENT
TFBX contract on Celo is changing. As you may know, many tokens had to switch from Optics V1 bridge to Optics V2 bridge due to the security vulnerability and various problems experienced on the “Optics” bridge in the past months.
What Happened in Optics?
Despite no known vulnerability, and without alerting the community, someone unilaterally activated the Optics recovery mode on the Ethereum GovernanceRouter contract. While Optics continues to function, recovery mode gives the recovery manager account full control of Optics, overriding the governance multisig.
What this means: The Optics bridge is working. We do not believe funds in the bridge are currently at risk. Neither the Ethereum nor Celo networks are impacted. But this type of takeover has no place in the community.
Therefore, an updated version of Optics, Optics V2, has been launched in order to prevent any vulnerability.
What will TFBX do?
In order to prevent such problems from negatively affecting our investors in the future, we decided to issue the native TFBX Token in the Celo network without a bridge and offer the opportunity to replace the existing TFBX tokens with TFBX New. As of tonight, we ask you to replace your TFBX Deprecated tokens you see on Ubeswap with TFBXnew tokens.
Farming rewards and all future actions will proceed via our new contract address and TFBXnew token. For example, the TFBX-UBE Farm that will be renewed tonight will be made on the new TFBX and the TrueFeedBack Blackstar app rewards will also be distributed with the new TFBX.
How Do I swap my TFBX tokens on Celo?
It’s easy. Depending on how much TFBX tokens you own you can either:
a) Swap on Ubeswap. However, you might suffer a slight price impact
b) Swap on the TFBX website. This swap will be 1:1 and you will only pay a few cents for CELO fees.
We apologize for any inconvenience this process might cause however, we would like to remind that the security of your investment and the reliability of TrueFeedBack is our upmost priority. Thank you for your understanding.
Our new Celo Contract address: 0xbDd31EFfb9E9f7509fEaAc5B4091b31645A47e4b