UPDATE #1, DEC 17, 2.10 PM GMT+1
It seems somebody sent a large number of tokens (worth nearly 6 figures in US Dollars)to a decentralised exchange and swapped them for $USD.
UPDATE #2, DEC 17, 7.20 PM GMT+1
GoodDollar shared a message to their X account explaining there’s been a security breach and all activities are paused.
Further info isn’t available as of yet, but somebody in the GoodDollar’s Telegram channel said somebody managed to hack the protocol and mint millions of tokens, which they then sold in the market.
The price of GoodDollar is currently ‘-‘, as in there’s no price.
This is because all activities, including swapping, is halted until further notice.
UPDATE #3, DEC 18, 10.30 AM (GMT+1)
GoodDollar shared a post on X, and a few message on Telegram.
In short, somebody was able to hack the contract and essentially drain pretty much the entirety of GoodDollar’s liquidity.
At the time of writing, the GoodDollar team is still investigating the what, the how and the who.
UPDATE#4, DEC 19, 10.30 AM (GMT+1
GoodDollar took to X to share good but not great news.
The good news is the issue has been resolved. The bad news is the wallet (and therefore UBI claims) aren't back online yet. According to their post on X, the wallet should be restored within 72 hours (ie, the end of this week).
Further, and this is also bad news, the value of G$ is still down the drain, and GoodDollar still has no liquidity after the hack.
These issues are still there, and it's unclear how (and when) they're going to be resolved