What Happened to POKT Team? We Need Your Support to Get POKT Token back

On January 4, 2022, Hotbit spotted some abnormal deposits of POKT token and immediately disabled POKT trading/ deposit& withdrawal (announcement link) before communicating with the POKT team in no time.

Hotbit has conducted a thorough investigation and reviewed the entire process, and present the detailed documentation (link to technical analysis). Brief conclusion is as follows:

1. POKT team is responsible for the development and maintenance of the entire wallet technical documentation and block explorer.
2. The document was defective when Hotbit integrated the POKT wallet on December 20, 2021, and this defect could not be detected through the block explorer. (After the incident was reported by Hotbit, POKT team fixed the bug on the documentation and explorer)
3. This defect led to a small number of users making fake deposits. Due to the defect of the block explorer, Hotbit’s risk control team could not identify the risk correctly, which eventually led to a deficit of 2,461,317 POKT on Hotbit platform. Attached all fake deposits tx (fake tx documentation link)
4. POKT team is partially responsible for this accident for providing defective documentation and block explorer.

In order to protect rightful interest of Hotbit users, Hotbit has made great efforts to reach out for making up the 2,461,317 POKT deficit. The information obtained during the whole process is as follows:

1. The investors of POKT are in a lock-up period, so they cannot sell tokens to help us.
2. POKT team has been selling a large number of unlocked POKT tokens from POKT’s staking reward in the OTC market over the past year. Therefore, POKT team has a large number of POKT tokens in their hands.

Based on the above as well as POKT team’s partial responsibility for the incident, Hotbit proposed to the POKT team that Hotbit could  purchase of tokens at the price of private round to compensate users.

Unfortunately, Micheal, the founder of POKT, has been avoided conversations and  refused to respond from Jan 6^th till 13^th this entire time despite the fact that Alex, the technical director of POKT, has admitted that he saw spam deposits  on January 6.  On January 13, another alleged POKT member, Adam, made a proposition to Hotbit that we could go to POKT DAO and initiate a motion to try treasury compensation.