PlaceWar Takes Swift Action to Address Recent Security Breach and False Information

PlaceWar May 14, 2023 — We have discovered a recent security breach and misleading information dissemination that occurred as a result of illegal access to our Twitter account. We want to reassure our valued community that we are taking urgent measures to correct the situation and prevent such events from occurring in the future.

When we discovered the security compromise, we quickly launched an internal investigation to determine the scope of the illegal access and its implications for our token and community. We want to explain the facts and provide truthful information on the group/Market Maker’s actions and their influence on our initiative.

• The group that had access to our Twitter account spread misinformation about giving away airdrops, rebranding, and hyping up the community
• Twitter is connected through WebHook (Discord) which made our mods thought that announcements were from PlaceWar Team

Our major goal is to engage with our community and maintain open lines of communication. We have set up several avenues, such as social media, forums, and official statements, to actively listen to concerns, answer inquiries, and debunk any misconceptions or rumors. We recognize the irritation and uncertainty this incident has created, and we are dedicated to delivering correct facts to refute any false narratives. We are aggressively pursuing necessary procedures, we are going to seek help from legal authorities, higher positions, and people who can help us investigate the situation and hold the group / Market Maker accountable for their conduct.

PlaceWar is committed to improving our security procedures in the future to avoid similar events. We are examining and strengthening our security processes, including the implementation of multi-factor authentication, the performance of regular security audits, and the education of our team members about potential dangers and best practices.

Rebuilding trust in our community is critical to us

We will adopt transparency activities such as posting transparency reports, displaying better security measures, providing regular updates on our progress, and responding to community concerns and suggestions. We recognize the significance of providing value to our community and will continue to work toward our long-term goals and the good impact we hope to make.

Moving forward, we will put in place comprehensive measures to detect and respond to any potential security breaches or the dissemination of incorrect information. Our immediate response to such situations demonstrates our commitment to providing a safe and dependable environment for our community.

Plan of Action

We are considering compensating or incentivizing affected community members as a show of goodwill and to remedy the inconvenience caused by the Market Maker’s conduct. We wish to convey our dedication to correcting the problem and retaining the trust of our community.

We will use media and public relations channels to tell our side of the story, rebut unfavorable narratives, and offer accurate information about the efforts we are taking to address the situation. To successfully communicate our message, we will use interviews, publications, and press releases.

It is critical to educate our community about the hazards connected with fraud, phishing attempts, and other security issues inside the crypto ecosystem. We will conduct educational programs, as well as provide information, guidelines, and best practices, to assist our community in protecting itself and remaining vigilant in the face of potential threats.

• To strengthen our defenses and reduce the risk of future security breaches, we will perform a full evaluation of our systems, processes, and protocols in collaboration with cybersecurity specialists. Implementing their suggestions would strengthen our security infrastructure.
• To ensure a quick and coordinated response in the event of similar events, we will develop a complete crisis communication plan that includes established messaging, designated spokespersons, and clear communication channels.
• To review our alliances and agreements. We will assess existing collaborations to ensure they are consistent with the principles and security standards of our initiative. Improving due diligence methods for possible partners will reduce the likelihood of future security breaches or hostile behavior.

PlaceWar is devoted to actively monitoring social media channels, forums, and online platforms where our project is discussed. We will respond quickly to any inaccurate or negative information or emotion by giving factual information and engaging in constructive discourse with our community.

PlaceWar Team