Security Incident Report: $PAC Token on Binance Smart Chain (BSC)

Overview of Incident

The $PAC token on the Binance Smart Chain (BSC) has experienced a significant security breach. An unauthorized party gained access to the creator’s wallet secret key, leading to a severe compromise of the token contract.

Details of the Breach

An external entity obtained the secret key for the $PAC token contract and subsequently minted 100,000,000 $PAC tokens. These newly created tokens were released into the open market, prompting immediate action from the $PAC team. Trading on MEXC was suspended, and liquidity on PancakeSwap was withdrawn. Despite these efforts, the incident resulted in substantial economic damage.

Immediate Response and Future Plans

The $PAC team has decided not to continue operations on the Binance Smart Chain. Instead, they will shift their focus to the OctaSpace network. This decision marks a significant change in the project's strategic direction.

Key Actions:

Trading Transition: Negotiations are underway with MEXC to transition $PAC token trading to the OctaSpace network.
User Compensation: The team is actively working on compensation plans for users affected on the BSC network. Full compensation for 5,000 $PAC ticket values is being planned.

Specific details on the timing and methodology of compensation will be announced in due course. Stakeholders are advised to monitor official communications for updates.

Commitment to Stability

The $PAC team emphasizes their commitment to stability and market confidence. They plan to act as a strong market maker upon the resumption of trading, aiming to restore trust and ensure the project's continued success.

Communication and Support

The $PAC team appreciates the community's patience and support during this period. For the latest updates, stakeholders are encouraged to follow the project's social media channels.

Of course this should get 1 star, as it is far from good progress, but I am pleased to see how the team act to the situation and comes with solutions. I add up 1 star because of that, as I am part of the investors, yet didn't loose my trust.

PAC Project

### Security Incident Report: $PAC Token on Binance Smart Chain (BSC)

#### Overview of Incident

The $PAC token on the Binance Smart Chain (BSC) has experienced a significant security breach. An unauthorized party gained access to the creator’s wallet secret key, leading to a severe compromise of the token contract.

#### Details of the Breach

An external entity obtained the secret key for the $PAC token contract and subsequently minted 100,000,000 $PAC tokens. These newly created tokens were released into the open market, prompting immediate action from the $PAC team. Trading on MEXC was suspended, and liquidity on PancakeSwap was withdrawn. Despite these efforts, the incident resulted in substantial economic damage.

#### Immediate Response and Future Plans

The $PAC team has decided not to continue operations on the Binance Smart Chain. Instead, they will shift their focus to the OctaSpace network. This decision marks a significant change in the project's strategic direction.

**Key Actions:**

1. **Trading Transition:** Negotiations are underway with MEXC to transition $PAC token trading to the OctaSpace network.
2. **User Compensation:** The team is actively working on compensation plans for users affected on the BSC network. Full compensation for 5,000 $PAC ticket values is being planned.

Specific details on the timing and methodology of compensation will be announced in due course. Stakeholders are advised to monitor official communications for updates.

#### Commitment to Stability

The $PAC team emphasizes their commitment to stability and market confidence. They plan to act as a strong market maker upon the resumption of trading, aiming to restore trust and ensure the project's continued success.

#### Communication and Support

The $PAC team appreciates the community's patience and support during this period. For the latest updates, stakeholders are encouraged to follow the project's social media channels.

Of course this should get 1 star, as it is far from good progress, but I am pleased to see how the team act to the situation and comes with solutions. I add up 1 star because of that, as I am part of the investors, yet didn't loose my trust.

Jeroen

$PAC Status Update: Recovery and Future Plans

Following a recent cyberattack, the $PAC team has been diligently working on recovery and future developments. Key updates include:

Ongoing Development: The PAC: Tap Arena update is in active development, promising new features and passive earnings through $TAPAC coins.
Network Transition: The team is transferring 5,000 PAC ticket staking to the OctaSpace network and has completed extensive contract audits.
Exchange Updates: MEXC exchange will support network transitions for $PAC tokens, with trading operations expected to resume in up to seven business days.
Airdrop and Compensation: Approved airdrop procedures for OctaSpace network coin holders and detailed compensation plans for Binance Smart Chain users.

Token Compensation Process:
Form Submission**: Users with tokens on the Binance Smart Chain need to fill out a form by August 19th to transfer their tokens to OctaSpace. Check the PAC Telegram group for the link to the form.
Different Wallets**: Specific instructions provided for users with tokens in cold wallets, staking services, or on various exchanges like MEXC and Toobit.

The team emphasizes that compensation will only be provided for tokens stored before the hack. Follow $PAC's social media channels for ongoing updates.

In my eyes, the handle it quickly, responsible and professional. No good for the happening, but there is to their reaction.

**$PAC Status Update: Recovery and Future Plans**

Following a recent cyberattack, the $PAC team has been diligently working on recovery and future developments. Key updates include:

1. **Ongoing Development**: The PAC: Tap Arena update is in active development, promising new features and passive earnings through $TAPAC coins.
2. **Network Transition**: The team is transferring 5,000 PAC ticket staking to the OctaSpace network and has completed extensive contract audits.
3. **Exchange Updates**: MEXC exchange will support network transitions for $PAC tokens, with trading operations expected to resume in up to seven business days.
4. **Airdrop and Compensation**: Approved airdrop procedures for OctaSpace network coin holders and detailed compensation plans for Binance Smart Chain users.

**Token Compensation Process**:
- **Form Submission**: Users with tokens on the Binance Smart Chain need to fill out a form by August 19th to transfer their tokens to OctaSpace. Check the [PAC Telegram group](https://t.me/PacmanCoinMain) for the link to the form.
- **Different Wallets**: Specific instructions provided for users with tokens in cold wallets, staking services, or on various exchanges like MEXC and Toobit.

The team emphasizes that compensation will only be provided for tokens stored before the hack. Follow $PAC's social media channels for ongoing updates.

In my eyes, the handle it quickly, responsible and professional. No good for the happening, but there is to their reaction.

Aah, Pacman PAC – now that takes me back! I remember, it must be nearly four decades ago, my kids were absolutely hooked on Pacman on the Atari. I was fascinated and even had some fun trying to play it lol; (emphasis on trying:  I'm no gamer).

I do remember back in 1980, when this iconic game first hit the arcades and our screens.  It was a phenomenon. Now, jump to 2022, and Pacman's back, but with a blockchain twist!

But this isn't just about reliving the good old days. It's about a much loved game, stepping into the future with NFTs and some really clever Tokenomics.

Pacman is making a comeback. How cool is that?

I love this so much,  maybe its just fond memories of my first intro to electronic gaming, my kids playing it and the fun they had.

BUT no seriously!!  Market sentiment is very positive, predicting the value's going to continue to go up, and I can see why. It's not just playing games; it's a whole new way of engaging with this classic.

So, while I might not be the biggest gamer, seeing Pacman reinvent itself in the crypto world. It's like watching an old friend get a new lease on life.

I am pretty bullish on PAC, maybe nostalgia is kicking in, deserving 5✨

Aah, Pacman PAC – now that takes me back! I remember, it must be nearly four decades ago, my kids were absolutely hooked on Pacman on the Atari. I was fascinated and even had some fun trying to play it lol; (emphasis on trying:  I'm no gamer). 

I do remember back in 1980, when this iconic game first hit the arcades and our screens.  It was a phenomenon. Now, jump to 2022, and Pacman's back, but with a blockchain twist! 

But this isn't just about reliving the good old days. It's about a much loved game, stepping into the future with NFTs and some really clever Tokenomics.  

Pacman is making a comeback. How cool is that? 

I love this so much,  maybe its just fond memories of my first intro to electronic gaming, my kids playing it and the fun they had. 

BUT no seriously!!  Market sentiment is very positive, predicting the value's going to continue to go up, and I can see why. It's not just playing games; it's a whole new way of engaging with this classic.

So, while I might not be the biggest gamer, seeing Pacman reinvent itself in the crypto world. It's like watching an old friend get a new lease on life.

I am pretty bullish on PAC, maybe nostalgia is kicking in, deserving 5✨

Lynne Mitchell

You enjoy OctaSpace, and Pacman isn't just a game—it leverages the exciting features of the famous yellow character.

As an $OCTA holder, I discovered $PAC, utilizing the OctaSpace chain for various functionalities. One notable offering is a ticket system providing remarkably high weekly rewards, akin to staking.

Although $PAC recently gained attention with a market cap surge, it still has a journey ahead, aligning with the bullish trends of $KAS, yet currently standing at a modest $2.4 million market cap (21 Nov 2023).

Stay tuned for upcoming updates, which I'll share under the "progress" section.

In essence, their offerings (excluding future services) include:

Trading exchange
Lucrative staking and intriguing mining pool partnerships
Games with an earn-to-play model
Interactive bulletin board
NFT marketplace
Bridge
AI bot on Telegram
AR services

It's worth noting their vibrant and supportive community. While I initially considered categorizing this project as "Degen," it offers more than that. I recommend checking it out and sharing your thoughts after exploring!

You enjoy OctaSpace, and Pacman isn't just a game—it leverages the exciting features of the famous yellow character.

As an $OCTA holder, I discovered $PAC, utilizing the OctaSpace chain for various functionalities. One notable offering is a ticket system providing remarkably high weekly rewards, akin to staking.

Although $PAC recently gained attention with a market cap surge, it still has a journey ahead, aligning with the bullish trends of $KAS, yet currently standing at a modest $2.4 million market cap (21 Nov 2023).

Stay tuned for upcoming updates, which I'll share under the "progress" section.

In essence, their offerings (excluding future services) include:

- Trading exchange
- Lucrative staking and intriguing mining pool partnerships
- Games with an earn-to-play model
- Interactive bulletin board
- NFT marketplace
- Bridge
- AI bot on Telegram
- AR services

It's worth noting their vibrant and supportive community. While I initially considered categorizing this project as "Degen," it offers more than that. I recommend checking it out and sharing your thoughts after exploring!

PAC Project

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