$DN DeepNode Latest Developments:

Following our previous announcement, we have conducted a comprehensive audit of the extreme volatility that occurred within the past 24 hours.

As part of our coordinated launch plan, DeepNode has partnered with a reputable financing partner to provide initial liquidity for market healthy operation during the surge in trading volume after the token issuance (TGE). In accordance with industry practice, the collateral ($DN tokens) is held by our liquidity lending counterparty, cannot be used, and will be fully returned to the DeepNode Foundation after the liquidity lending period expires.

Based on our investigation, we believe that this liquidity partner violated the agreement terms regarding the collateral. We do not make these allegations lightly and are currently working with legal departments, law enforcement agencies, and centralized exchanges to recover assets and protect the interests of all $DN holders.

Meanwhile, the DeepNode team is actively collaborating with market makers to stabilize the market and improve liquidity across all aspects.

We hear your voices, and we know everyone is in pain. We are tirelessly working to resolve this issue and will never give up. Our commitment to the project and community remains unchanged, and we will do our best to ensure that this matter does not affect our long-term vision.
We will keep you updated on the progress of resolving the issue. Thank you for your patience and continued support.