Official Statement on Harassment and Defamation
Since the exploit of our Staking contract, our project and team have been subjected to daily harassment and defamatory, misleading statements from a small but coordinated group of anonymous accounts on X.
To protect our community in the long term, we have launched an investigation to identify those responsible. While this has been challenging, we have successfully identified one of the key individuals behind these attacks. Later today, we will be filing a formal report with their local police for criminal harassment, a serious offence in their jurisdiction. Additionally, we will be notifying the financial services regulator in their country regarding the false and potentially unlawful claims they have publicly made on X.
We have compiled a comprehensive dossier of evidence demonstrating that these individuals have engaged in a deliberate campaign to mislead the public about our project, defame our committee members, and harass and intimidate them.
Once these criminal actions have been reported, we hope to obtain further support from law enforcement to identify additional individuals involved. Unlike us, the authorities have the legal power to request information from social media platforms to uncover the identities behind these anonymous accounts.
To Our Loyal and Patient Holders:
We understand the deep frustration caused by the Staking contract exploit and the impact of being unable to trade your tokens. Until this incident, we had successfully operated a secure and transparent project for over three years, distributing approximately $40 million in passive rewards—more than any other project in history.
The compromised smart contract was developed by a company who no longer has any involvement with our project and was audited by a firm we no longer engage with. This is the same company responsible for the failed LunaSky development. We have severed all ties with them, and none of our current work is connected to that entity.
Following the exploit, our team undertook an enormous effort to secure the project, account for all tokens, and build a database and future allocation dashboard. We then facilitated a DAO vote to allow our community to determine the best path forward. After multiple DAO votes, we are now in the final phase—developing a secure solution to enable holders to claim their tokens from BSC onto Solana.
Throughout this process, the committee and community team have acted with the utmost good faith. This can be proven beyond doubt, both publicly and behind the scenes, should it ever be necessary. Contrary to provably false and defamatory claims, the committee and team operate on extremely low wages, working part-time while maintaining other jobs to support their families. Many personal sacrifices have been made to ensure that we remain one of the few surviving projects from 2021—despite unprecedented challenges.
Dealing with ongoing harassment, misinformation, and defamation has been incredibly difficult. This is why we are now taking legal action. We cannot and will not allow anonymous accounts to continue spreading false information about our committee and project, nor can we tolerate ongoing criminal harassment.
Cedar: A Project That Stands the Test of Time
Cedar is a rare example of an ethical, transparent project that has remained committed to its community despite severe challenges. Nearly every other project in our space has faced one true failure—the moment they gave up. Cedar has endured more hardships than most, yet we are still here, still building, and ready to thrive.
We thank our dedicated holders for their patience and continued support. Our mission remains the same: to deliver the best possible outcome for our community and ensure Cedar’s long-term success.