a social community buying and financing quick service restaurants around the world $FRIES
Joined December 2021
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Community members have introduced a proposal to salvage friesDAO
Review and vote at: snapshot.org/#/friesdao.eth/…
Start date Jan 9, 2023, 8:53 PM
End date Jan 12, 2023, 8:53 PM
The $FRIES staking contract has been restored (etherscan.io/address/0x8499d…). Previous stakers can now unstake $FRIES if desired at fries.fund. $KCHUP emission was unaffected.
We are currently offering a reward bounty of up to $450k for information that leads to the successful retrieval of the stolen funds.
$2.3M of stolen treasury is currently being converted to $ETH by the exploiter: etherscan.io/address/0x6B88D…
We encourage all members to keep an eye on this account as we build gating/identification measures around this wallet. @binance @Coinbase @FTX_Official @Gemini @cryptocom
$2.3M of stolen treasury is currently being converted to $ETH by the exploiter: etherscan.io/address/0x6B88D…
We encourage all members to keep an eye on this account as we build gating/identification measures around this wallet. @binance @Coinbase @FTX_Official @Gemini @cryptocom
Please see our post mortem report of the recent exploit.
docs.google.com/document/d/1…
While internal and on chain investigations are still ongoing regarding the exploit, as a US entity, we have the obligation to report this theft of funds to FBI's IC3 for further investigation and to prevent the hacker's wallet from entering liquidity with the stolen funds. 1/2
Uniswap LP multisigners have temporarily unstaked the pool which contains the compromised $FRIES that rightfully belong to stakers, and have sent it to our hot wallet to be sorted. Further info to follow. LP will be restaked accordingly after all tokenomics+security is reviewed.
A more extensive explanation of the hack will be provided after we conclude our analysis, as well as to draft a recovery plan to enable us to move forward. Thank you for your patience. At this time we do not recommend trading the Uniswap pool until the plan is implemented.
It has come to our attention that the refund deployer contract was exploited and managed to obtain FRIES tokens which were subsequently refunded for USDC and sold into the Uniswap pool. This is an ongoing investigation; exploiter is invited to contact us for dialogue.
After consideration by @friesDAO, the latest $FRIES proposal (snapshot.org/#/friesdao.eth/…) has passed the financial due diligence stage.
We're now moving into the operational due diligence stage and will enter an exclusive negotiation process with sellers of the candidate store.
$FRIES members have completed financial due diligence on our NYC candidate store.
Please review the findings in the latest community proposal and cast your vote towards moving into the next phase by end of Thursday September 29th 11:59pm ET/8:59pm PT: snapshot.org/#/friesdao.eth/…
Snapshot proposal is now live for potential acquisition of our first store. Review the store information in the members app and cast your $FRIES vote to move into letter of intent stage! Deadline is end of Sunday August 28th.
snapshot.org/#/friesdao.eth/…
100% unanimous yes vote so far! Only 12 hours left to vote with your $FRIES at snapshot.org/#/friesdao.eth/…
$FRIES members have spoken -- we are to move forward with the acquisition! Letter of Intent goes out today to the seller while we begin in-depth due diligence before closing the deal.
We just sent a $FRIES crew member to do some incognito recon work at this NYC location. Perfect candidate to do some rebranding work to make it a bit more suitable...
Now I lay me down to sleep
Pray the lord my bags to keep
If I’m rekt before I rise
Pray I have a bag of $FRIES