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Goodwill Payment Distribution Update The goodwill payments for eligible users affected by the June 2 incident have now been successfully distributed. This program covers eligible users who opened a edgeX Discord ticket and confirmed incurred realized losses resulting from the liquidation or stop-loss triggering of EDGE long positions on edgeX Perp V1 or V2 between June 2, 2026, 04:50–06:00 (UTC 8). The total goodwill payment is capped at 100,000 USDC equivalent per user, consisting of 50% USDC and 50% EDGE tokens: - First Tranche: 50% in USDC (Completed). Eligible users can claim their payment at: pro.edgex.exchange/rewards - Second Tranche: 50% in EDGE Tokens. The remaining 50% will be distributed in EDGE tokens during the first week of April 2027. The token amount will be calculated using the 7-day TWAP of EDGE at the time of distribution. The date is due to this allocation is sourced from the EDGE Ecosystem & Community Allocation(pro.edgex.exchange/en-US/tok…), which remains locked following TGE and is scheduled to begin vesting on March 31, 2027. Final ticket submission deadline: June 9, 2026, 14:00 (UTC 8). For users who have not yet completed registration, a final 24-hour grace period is being provided. Please submit your claim through the edgeX Discord before the deadline so our team can verify eligibility and process your payment accordingly. Users who do not complete registration by this deadline will no longer be eligible for goodwill compensation under this program. We sincerely appreciate your understanding, patience, and continued support.

This article sets out our account of the attack on the EDGE token in the early hours of June 2, our team's assessment of what occurred, our position on the matter, and the good will payment plan for affected edgeX users. We want to state this clearly and on record: edgeX had no involvement in this incident. Our team's token allocations remained entirely unchanged throughout the event, and this is publicly verifiable on-chain. We actively requested all relevant CEX platforms to assist in their forensic investigations, the result of which also confirmed no selling activity, no price manipulation, and no misconduct of any kind from edgeX team. The data is open, and we welcome the community to verify it directly. And this attack was solely at the EDGE token price. The edgeX protocol itself remained fully operational throughout the incident, and all user assets were secure at all times.

In the early hours of June 2, 2026, the EDGE token experienced a severe and sudden price dislocation, dropping approximately 71% from around $1.12 to a low of roughly $0.32 within approximately one hour, before recovering and stabilizing in the $0.63–$0.71 range. We believe this was a deliberate and targeted attack. The perpetrator appears to have exploited a combination of factors: thin on-chain DEX liquidity during low-activity trading hours, high leverage in perps, and cascading CEX liquidity conditions, engineered to trigger a flash crash. We are actively in communication with the relevant CEXs to obtain accurate data on market maker activity and liquidity conditions at the time of the incident. Here is what our team is doing right now: - Gathering evidence and reconstructing the full sequence of events, because we owe that clarity to ourselves, our users, and the broader market. - We have posted a 200,000 USDC on-chain bounty for anyone who can identify the entity or entities behind the attacking wallet addresses, or provide information that materially assists in that identification. Please open a discord ticket. discord.com/invite/edgex We will share updates as meaningful findings emerge. We're grateful for all partners and users supporting us in this difficult time.

We want to share an update on the irregular EDGE price movement and address any concerns about platform security directly. The edgeX protocol were not compromised in any way. This was not a hack, exploit, or security breach. What we have identified so far suggests deliberate attempts by certain external party to manipulate the market price of EDGE. This is a market integrity issue, not a platform security issue. We take it extremely seriously. We are actively investigating and working with relevant exchanges and platforms to identify the cause and pursue accountability. A comprehensive update will follow once our investigation concludes. Thank you for your continued support.

The address: 0x7f861a7db997b4f6e5ef9954a3b5d5b29c463cb2 (etherscan.io/address/0x7f861…) is an official edgeX spot smart contract address used solely for user deposits and withdrawals on edgeX protocol.

Dear edgeX Community, We want to be transparent with you: we have observed a sudden and irregular price movement of the EDGE token and are actively investigating the cause. Our team is working urgently to understand what has occurred. We will share our updates as soon as we have confirmed information to report. In the meantime, please rely only on official edgeX channels for updates and be cautious of unverified speculation. We appreciate your patience and continued trust in the project.

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