# **What Happened to $PIGGY? The Full Story of the Hacking Incident That Shook the Community — And Piggycell's Transparent Response**

On December 5, the $PIGGY price plummeted within minutes, sending shockwaves throughout the community. Various rumors quickly spread, but the Piggycell team immediately issued a transparent, fact-based explanation and revealed the true nature of the incident.

In this article, we summarize the entire process—how the hack happened, how Piggycell responded, and what’s coming next.

The Start of the Crisis: How Did the Hack Occur?

On December 5, around 8:40 PM, the $PIGGY price began to drop sharply. Within minutes, the team identified the cause: abnormal token minting(Minting) from a project wallet.

This was not a normal process, and analysis of on-chain data confirmed it was a clear hack by an external attacker.

The attacker illegally minted a large amount of $PIGGY tokens and dumped them on the market, causing an immediate price crash.

Immediate Emergency Response: Fast and Decisive Action

Within minutes, the Piggycell team implemented key responses:

• Activated emergency response protocol immediately
• Requested trading suspension and deposit/withdrawal restrictions from all partner exchanges
• Real-time on-chain monitoring to block attacker wallet movements
• Began tracking related wallets and transactions

These initial responses played a crucial role in containing the damage.

From Technical Response to Official Investigation: The Case Is Under Investigation

Piggycell didn’t stop at technical measures—they officially reported the incident:

• Filed an official report with the police
• Reported the incident to KISA(Korea Internet & Security Agency)
• Secured materials and evidence for in-depth investigation

This process blocked false rumors and demonstrated that the project was acting responsibly.

Not an Internal Issue — Clearly an External Attack

Contrary to some community speculation, Piggycell made the following clear:

• No indication of internal leaks or insider involvement
• No team members are involved
• 100% the work of an external attacker
• Independent external security audit planned to document the incident

This transparent stance helped restore trust for many holders.

What’s the Holder Protection Plan?

Piggycell is making holder protection its top priority and is currently preparing recovery and support measures. Once the investigation results are finalized, an official announcement will be made.

Until then, the community must strictly follow these guidelines:

• No $PIGGY trading on any exchange, DEX, or liquidity pool
• Beware of unofficial DMs, “compensation,” “token swap,” suspicious links
• Only check updates on official channels

Next Steps

Piggycell was planning to announce new partnerships and a second listing, but has made the following decisions:

• Temporarily suspend all scheduled announcements
• Focus on uncovering the full truth of the incident
• Fully review and strengthen security systems
• Relaunch after restructuring with a stronger, safer structure

Given the volume of data currently under analysis, the next official update could mark a major turning point for the project.

Conclusion

The December 5 incident was a huge shock, but it also proved something important:

Piggycell did not hide or evade responsibility. Instead, they responded quickly, disclosed transparently, and immediately initiated an official investigation.

The community is now waiting for the recovery plan and next steps. One thing is clear:

This incident is not the end—it could be a new, stronger beginning.

Further updates will be provided through Piggycell’s official channels.