EDE says the company planned to create a tool to combat potential hackers.
“Our intention was to blacklist anyone who had previously used the system to misappropriate user funds,” the EDE developers explain.
The EDE team promised that it would remove the smart contract that enabled price manipulation and agree to the terms of the reward.
The resulting shortfall, equal to the amount of remuneration, will be compensated to users from the platform’s own assets.
Additionally, EDE offered the white-hat hacker who discovered the vulnerability 5% of the team s token distribution for pointing out other problems.
On Monday, May 29, a user under the pseudonym Res, who called himself a white hacker, claimed to have uncovered a trick by the El Dorado Exchange project team to eliminate any position.