Dear Community,

The Peace Network team has identified that the ETH–BNB bridge of the PC token is currently under a serious attack.

The issue originates from the bridge operating on LayerZero, which contains a critical vulnerability allowing unrestricted token minting without the corresponding token lock. Attackers have exploited this vulnerability to drain the liquidity of the PC token multiple times.

We are actively coordinating with all relevant parties to determine the most effective resolution.

At the same time, Bitmart’s sudden announcement of platform closure and the locking of withdrawal functions have severely impacted our Market Maker operations, making it extremely difficult to replenish liquidity for the token at this critical moment. Combined with the unexpected attack mentioned above, this has created significant unforeseen pressure on the team.

Peace Network is fully focused on resolving the situation as quickly and effectively as possible. We are currently in contact with Bitmart to request the release of funds so that liquidity can be restored at the earliest opportunity.

We kindly ask for the community’s patience while we work through these challenges. Further updates will be shared as soon as they become available.

Sincerely,
Peace Network