Bitget-Related Announcement
Hello Holders,

We understand that you have been eagerly waiting for updates regarding Bitget. We apologize for the delay and would like to provide you with the current situation.

The PLEXUS team proposed a 1:1 swap of the 58,134,406 PLX tokens held by Bitget based on the snapshot. However, Bitget responded that they could only exchange 11,121,995,036 PLX. This amount includes the Old PLX tokens that the hacker deposited into Bitget through additional issuance. This swap would dilute the value of existing token holders' tokens by 1/23, making it unacceptable. We have explained this to Bitget but have not yet received a positive response.

We requested a trading halt from Bitget 40 minutes after the hack occurred, but trading was not suspended for 15 hours, resulting in significant losses. While the PLEXUS team is not entirely responsible for the delay in trading suspension, we have decided to ethically proceed with 100% compensation for the lost amount in new PLX tokens based on the current market price. However, Bitget has requested that compensation be provided in USDT, which we are currently unable to process. Discussions are ongoing regarding this matter.

We hope to receive a positive response from Bitget and will provide further updates as soon as possible.

Thank you.