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Probinex v1
About Probinex v1
Probinex (PBX) v1 was the initial version of the Probinex cryptocurrency, which underwent significant changes following a sophisticated hack in October 2022. The incident led to the compromise of a portion of PBX tokens and initiated Operation Phoenix, resulting in the creation of a new, enhanced PBX token. This new token featured improved security measures and was audited by CertiK. The Probinex team's effective crisis management and strong community support were pivotal in overcoming this challenge and advancing the project's goals in the cryptocurrency and blockchain domain.
Probinex (PBX) v1 refers to the initial version of the Probinex cryptocurrency token before its transition to a new contract in 2022 as part of "Operation Phoenix". This transition occurred in response to a sophisticated hacking incident in October 2022, during which the Probinex project's security systems were tested but client data and resources remained secure. The attack led to the compromise of 59,600,000 PBX tokens, prompting a comprehensive response from the Probinex team. This included enhanced communication with clients, suspension of token trading on the ProBit exchange, and thorough analysis and mitigation efforts. The incident culminated in the launch of a new PBX token, symbolizing a rebirth and strengthening of the project, accompanied by an improved smart contract audited by CertiK. This new token included enhanced features to better manage similar situations in the future. The Probinex team's resilience and community support played a crucial role in navigating this challenge and setting the stage for future growth and development in the cryptocurrency and blockchain space.