Datamine Urges Immediate DAM Withdrawals From Centralized Exchanges
💡 AI Article Summary
Security Alert: Centralized Exchange Safeguards
Datamine Network has issued an urgent advisory to all community members holding DAM tokens on centralized platforms. Recent on-chain data indicates that the trading platform Txbit has engaged in unauthorized liquidations of user DAM tokens, signaling significant third-party risk.
On-Chain Evidence of Unauthorized Activity
Public ledger tracking reveals that assets from a Txbit-controlled wallet were market-sold, with the proceeds routed to an external destination address. This unauthorized activity coincides with reports that the platform no longer holds its previously claimed regulatory registrations in the Netherlands or Estonia. Community members are urged to review these public transaction records to verify the activity independently.
Transition to Self-Custody
To ensure asset security and mitigate counterparty risk, the Datamine development team strongly recommends withdrawing all DAM tokens from centralized exchanges immediately. A key principle of the Datamine Network is absolute decentralization. By utilizing secure, self-custodied wallets instead of third-party platforms, users retain direct control over their assets and protect themselves against exchange insolvencies or unauthorized liquidations.
Hi
https://txbit.io/ just sold all DAM they didn't have right to sell and it makes them being exit scam
this is tx from txbit wallet
https://etherscan.io/tx/0xcb08531b4145e8a4efc5220cc1d503fc10b09b3aac5e471f20f69de692eb890e
this is wallet that market sold
https://etherscan.io/address/0x4e7d2585d731fcc75775716908efe2158fb55c01
this is wallet that received money from these sells
https://etherscan.io/address/0x76d33ad29e68e6595c5a436656303767e25f490f
Be cautious with them, they don't have Netherlands license or Estonian anymore. Please promote them as scammers at any social platforms
PLEASE WITHDRAW YOUR DAM FROM EVERY CENTRALIZED EXCHANGE
You can't trust those small exchanges anymore
Also, please like and retweet our thread about txbit selling DAM tokens https://twitter.com/DatamineM/status/1348815133129191425
Frequently Asked Questions
Why is the Datamine team advising immediate withdrawals of DAM?
On-chain transaction data reveals that the centralized exchange Txbit has liquidated DAM tokens without authorization, raising severe security and solvency concerns.
What is the recommended alternative to centralized exchanges for storing DAM?
Users are strongly advised to migrate their DAM tokens to decentralized, self-custodial wallets where they maintain exclusive control over their private keys.
How can I verify the unauthorized transactions?
The suspicious transactions, liquidations, and destination addresses are publicly recorded and verifiable on the Ethereum blockchain via Etherscan.
· panconpalta · #community-announcements