Sure, I'd be happy to provide more details. We hired a tech professional named Sam from Lagos, Nigeria to integrate Woolong Token into the Woolong Corporation Ecosystem. Unfortunately, due to his lack of experience, he was unable to complete the task successfully. We compensated him for the work he did before he was dismissed.

The first indication of a problem arose when we discovered that Sam had sold the 10,000 Woolong tokens that were given to him for testing purposes. This raised concerns about his actions and intentions.

As a Senior Board Member of the Cyber Security Global Alliance, I take security very seriously. We had implemented measures to limit access to our servers. However, Sam managed to inject malicious code into one of the initial versions of the Pay Woolong With MetaMask for WooCommerce plugin. This code went undetected during installation on our local development server, leading to a compromise of our Deployer account.

You can track the transactions of the compromised Deployer account at 0xB3E653E286f0ecD2Fa8C8f9C6548759Efb2eBA63. As you can see, a significant amount of Woolong tokens, over 92,000,000, along with most of the liquidity (approximately $500, not $500,000) were transferred shortly after the compromise occurred.

Fortunately, Woolong Corporation has primarily been using the token as a Proof of Concept and has not heavily promoted it over the past 18 months. We are currently focused on developing a bespoke blockchain with our native currency, Woolong, which is scheduled for release in the coming months.

As a remedy, current holders of Woolong ($WLNG) prior to the incident will be reassured to know that we are taking responsibility for the situation. As part of our commitment to resolving the issue and providing fair compensation, we will be issuing new Woolong tokens on a one-for-one basis to those who held Woolong prior to the incident. This ensures that their original holdings are preserved and that they can continue to participate in our upcoming developments and projects with confidence. We appreciate the support and understanding of our loyal community during this challenging time.

Regarding your question about a rug pull, I want to clarify that there was no intentional hype, investment attraction, shutdown, or disappearance associated with this incident. It was an unfortunate case of a compromised account and the subsequent loss of assets. We are actively taking steps to enhance our security measures and prevent such incidents in the future.

Sincerely
David Webb