The VeChain Foundation issued an official statement saying that at 8:27 pm Beijing time on December 13, the VeChain Foundation repurchase address encountered a hacking incident. About 1.1 billion VETs in the repo address were all transferred to the following hacker address: 0xD802A148f38aBa4759879c33E8d04deb00cFB92b. At present, all addresses related to this hacker address have been publicized on vechainstats.com, and all addresses that receive hacker funds will be updated in real time here. The VeChain Foundation said that after a thorough investigation, the internal financial staff of VeChain Foundation did not strictly adhere to the standard financial security procedures established by the foundation when creating the repo address, and the employee's computer was unfortunately subjected to hacking. We apologize for the incident. In the future, the VeChain Foundation will further strengthen the management and audit of internal personnel when implementing various standard processes.