Floki Shared Important Notes for FUD Around the Gate Exchange and Related Transactions!

• Floki reveals details about recent token transfers involving Gate exchange and its multisig wallet.
• The issue stemmed from wallets caught in a blacklist contract before it was renounced two years ago.
• Floki promptly addressed the issue to ensure smooth user withdrawals during heightened demand.

Floki explains recent transfers involving Gate exchange to maintain transparency and ensure smooth user withdrawals during the CAT airdrop. Learn about the measures taken to resolve blacklist-related issues.

Background on Floki and Gate Exchange Collaboration

Floki recently engaged in a series of significant token transfers from its multisig wallet to the Gate exchange. These transfers were necessary due to technical issues that arose with specific wallet addresses, which were inadvertently affected by the Floki blacklist contract. Originally, these wallets were caught in a blacklist implemented to address a critical inflation bug found in the FLOKI V1 version in early 2022. Following the Nottingham upgrade, Floki renounced the blacklist function to ensure better token management and security for all associated exchanges.

Resolving Issues for Smooth Transactions

The recent CAT airdrop for Floki holders brought unexpected pressure on exchange reserves, as users sought to transfer tokens to qualify for the airdrop. This scenario led to an increase in FLOKI withdrawal requests, especially at Gate exchange, which faced the challenge of managing these withdrawals effectively. Notably, Gate discovered that some wallets remained affected by the pre-renouncement blacklist, prompting them to seek Floki’s assistance. In response, Floki coordinated a strategic plan: affected tokens were first transferred to the Floki multisig wallet, which was whitelisted before the blacklist function was renounced, and then sent back to Gate’s hot wallet for user withdrawals.

Transaction Transparency and Details

Floki has always maintained a commitment to transparency, especially in its dealings with partners and the community. The transactions, amounting to a total of 257,128,626,417 $FLOKI tokens, were executed and can be confirmed on-chain. Some notable transaction IDs include:

1. 0x5e52e52afea85b2f7d7c3d1751c5f703386f2b5ff7b2b68afa6ce38f4c489412–634,719,832 FLOKI
2. 0x3780377c76edc9d82c1bf9dd2495b5e91dfb7068d3cf5d9cc53ceb834abec44c — 74,984,241,478 FLOKI
3. 0x2a4c6407d8597fad09d5824ba5b1d9776945fa7990a218a4239fe05bc8fa5f71–97,800,000,000 FLOKI
4. 0x1ffa380df1af15de00e81cfdc5773bf2ceea6074bafc7756f77b4a4672881a7e— 28,232,865,797 FLOKI
5. 0xc4098b666b8cc68161a9cfec1f65bac619b82b8dab853e24fe5126a91cfe2bde — 26,999,000,000 FLOKI
6. 0xd9b102c0695387913baa265c29b56d657e94e1a358407322a3ed7485c8da700e — 7,783,115,403 FLOKI
7. 0x4bc3ef00abd6721869b1d04c9248709cdafc877c15c70bc5483f1c9116985554–5,575,731,208 FLOKI
8. 0xdba0cae7d568a91819899a3a793b2a3f98c2f50d3971c80a78876fe22debb173–5,510,019,990 FLOKI
9. 0xf3c4fd5dfeb20a1db70457b4c685ea63f71108e6dbea9671a84d17e0ac2b711a — 260,033,699 FLOKI
10. 0x1ffce02df03875beeea9800934b35b8b4d69dc04cb3e3ba4f6a052c67e325a3d — 4,949,740,945 FLOKI
11. 0xbf9fa0cb8954e4749823ecbaaa021b8de1831452cbe24e9f1baeb8b3abe418af — 3,369,945,523 FLOKI
12. 0x1fbdd06fe6ff6c6d91b6b11d16fdfb6a1b337f45866cfdd1f78fa10dbb31063e— 1029,102,078 FLOKI
13. 0xeb507c89ae67a466414cfd1acda9ba4b2481f0456a139dcbfa43dabab1f69e01 – 561.3 FLOKI
14. 0xb66a01e800d7fbe19d816a9b23af249533634c1b0de27529743ce09f55b76345 – 99,924.60 FLOKI
15. 0xf5debf58eb0f4a126644c5593a481edcb28dbf7f4461224ba0ce1de07a59374d — 9,978.02 FLOKI

THE BELOW TXS SHOW THE FLOKI MULTISIG TRANSFERRING THE EXACTAMOUNT OF TOKENS GATE SENT TO US BACK TO THEIR WALLET

1. 0x1eb223c5e4ec98b18c7b5600e98555cd298b2457c7578f6db9c3fb6413ed7a1e — 634,719,832 FLOKI
2. 0x213c5acc31a2c005878b87ac8627e5b5f16d77f50b41ef6d45dd11ddca4d072c — 74,984,241,478 FLOKI
3. 0xf31b88e67904d35e598b082fbe44ba3f4c8ecac3e873fa53e6b7a04916305cac — 97,800,000,000 FLOKI
4. 0xcf96efc4f181ec1617c29baa1fe5453773a361960ab6dd944b8ac7ece3d0f21c— 28,232,865,797 FLOKI
5. 0xf04fbe7b42660f864de9483a7fb94be0a40f0ac780f7abdb25be4107ea8ef262–26,999,000,000 FLOKI
6. 0xc9134eb9e8ed6488f648408338136da4a42c7fcd6c99cb13127fe82ead6ae38c — 7,783,115,403 FLOKI
7. 0x32e81c32a6db39cb40d76acdb43ca109c8aa69904f7ef49dd221bf7e4065748b — 5,575,731,208 FLOKI
8. 0xff5ab78c8ccc5a1a6d18b0c8899949dc132c2cf7fa1386e4eb44907e919a5da5–5,510,019,990 FLOKI
9. 0xf4b87cbd76161896a705049c266fde25ba8cd08ee788a369e2b07b14776a08b3–4,949,740,945 FLOKI
10. 0xe02f73132734e05b9711c3e480568d3cb8e31e323b790f956c3b0fa31c1b56db — 3,369,945,523 FLOKI
11. 0xa130cf584716130fede96f8bd9d782cf1c138358557b96273a38d95df1aa4136–1,029,102,078 FLOKI
12. 0x2ec02c10aba7c67ee95df0c537ca8f6a9608f99e7df3b497c99587efacd2e944–260,033,699 FLOKI
13. 0x251b0a64d82d5e654ec80f45ebf719aff9752d5f0895eef82364b30ac0592770–99,924.60 FLOKI
14. 0x4fdceb903aa63ae881b68da15271f811d50c8fda7d31985289b0fdc2082f1557–9,978.02 FLOKI
15. 0xce4213e3713475f958e7836d1f38ea478c931fc513f7330c86539a1968cbf693–561.3 FLOKI

These transactions illustrate the methodical and transparent approach Floki employed to address Gate’s concerns, ensuring that all tokens moved were accounted for and verified through blockchain technology.

Community Assurance and Future Outlook

Floki’s proactive response highlights its dedication to maintaining strong relations with its partners while safeguarding user interests. By quickly addressing the concerns raised by Gate and facilitating necessary token transfers, Floki demonstrated its commitment to operational integrity. As the crypto market evolves, Floki’s focus remains on ensuring the security and seamless operation of its network. Floki encourages its community to stay informed and disregard any Fear, Uncertainty, and Doubt (FUD) that might arise from misinformation or misinterpretation of these events.

Conclusion

The recent transfers between the Floki multisig wallet and Gate exchange underline the importance of adaptability and swift problem-solving in the rapidly changing crypto landscape. Floki’s transparent approach and efficient resolution of issues strengthen its reputation as a reliable player in the cryptocurrency market. As the industry continues to expand, maintaining transparent communication and quick action in addressing unforeseen challenges will remain crucial for sustained trust and success.

Source: https://blog.floki.com/important-update-about-recent-floki-transfers-to-gate-exchange-5f8c8d912e6c