🔔 Suspension of support for the SWP/USDT currency pair on the decentralized crypto exchange PancakeSwap
⌛️ Cryptocommunity, we would like to inform you that in order to maintain the security and integrity of the SWP token, we have decided to temporarily suspend trading in the SWP/USDT currency pair on the PancakeSwap cryptocurrency exchange.
⚙️ This move was made due to the fact that in recent days a significant number of attempts to manipulate the SWP exchange rate through other assets have been detected, using the token as a gateway to quickly and easily exchange other assets.
🔹 Such manipulation entailed the following actions: some market participants first accumulated a significant amount of our token and then sold it en masse, cashing out other assets. This led to a sharp drop in the token's value, which can be taken advantage of by malicious actors.
🔒 Due to the discovered manipulation, we have decided to temporarily suspend SWP/USDT trading support on PancakeSwap to protect the interests of our community and prevent further manipulation.
🔔 Please note that you can still trade SWP token on the centralized exchanges S-Trade and Coinsbit.
Trading with SWP on S-Trade ⬇️
🔗 https://s-trade.com/exchange/SWP/SWCT
Trading with SWP on Coinsbit ⬇️
🔗 https://coinsbit.io/trade/SWP_USDT
We apologize for the inconvenience and deeply appreciate your support and trust in S-Wallet.
⚙️ This move was made due to the fact that in recent days a significant number of attempts to manipulate the SWP exchange rate through other assets have been detected, using the token as a gateway to quickly and easily exchange other assets.
🔹 Such manipulation entailed the following actions: some market participants first accumulated a significant amount of our token and then sold it en masse, cashing out other assets. This led to a sharp drop in the token's value, which can be taken advantage of by malicious actors.
🔒 Due to the discovered manipulation, we have decided to temporarily suspend SWP/USDT trading support on PancakeSwap to protect the interests of our community and prevent further manipulation.
🔔 Please note that you can still trade SWP token on the centralized exchanges S-Trade and Coinsbit.
Trading with SWP on S-Trade ⬇️
🔗 https://s-trade.com/exchange/SWP/SWCT
Trading with SWP on Coinsbit ⬇️
🔗 https://coinsbit.io/trade/SWP_USDT
We apologize for the inconvenience and deeply appreciate your support and trust in S-Wallet.
Updated on: 10/07/2023
Thank you!