FriesDAO raise closes with $5.4M! $FRIES claiming is expected to be this Tue/Wed. As a Wyoming DAO LLC, a Notice of Intent to issue tokens is being filed this Monday. An Operating Agreement has also been released, which recognizes all $FRIES holders as co-owners of the DAO.

Community members have introduced a proposal to salvage friesDAO Review and vote at: https://t.co/WfK6asx5c5 Start date Jan 9, 2023, 8:53 PM End date Jan 12, 2023, 8:53 PM

The $FRIES staking contract has been restored ( https://t.co/7l74jsA6LY). Previous stakers can now unstake $FRIES if desired at https://t.co/G4Xpv0aAkD. $KCHUP emission was unaffected.

We are currently offering a reward bounty of up to $450k for information that leads to the successful retrieval of the stolen funds.

$2.3M of stolen treasury is currently being converted to $ETH by the exploiter: https://t.co/c8T1OKE1iy We encourage all members to keep an eye on this account as we build gating/identification measures around this wallet. @binance @Coinbase @FTX_Official @Gemini @cryptocom

Please see our post mortem report of the recent exploit. https://t.co/aBbAB6eYTW

There are some suspects identified but evidence is so far circumstantial and thus may require the assistance of US authorities. If the exploiter is reading this, we offer the opportunity for you to anonymously return the funds before we begin this process by EOD Easter Time. 2/2

While internal and on chain investigations are still ongoing regarding the exploit, as a US entity, we have the obligation to report this theft of funds to FBI's IC3 for further investigation and to prevent the hacker's wallet from entering liquidity with the stolen funds. 1/2

Uniswap LP multisigners have temporarily unstaked the pool which contains the compromised $FRIES that rightfully belong to stakers, and have sent it to our hot wallet to be sorted. Further info to follow. LP will be restaked accordingly after all tokenomics+security is reviewed.

A more extensive explanation of the hack will be provided after we conclude our analysis, as well as to draft a recovery plan to enable us to move forward. Thank you for your patience. At this time we do not recommend trading the Uniswap pool until the plan is implemented.

A post-mortem report will be released shortly, followed by a plan afterwards in how to move forward. We are still in the process of negotiation acquisitions so a successful deal is still possible with the right plan. Also, contract exploits are currently patched.

It has come to our attention that the refund deployer contract was exploited and managed to obtain FRIES tokens which were subsequently refunded for USDC and sold into the Uniswap pool. This is an ongoing investigation; exploiter is invited to contact us for dialogue.

After consideration by @friesDAO, the latest $FRIES proposal ( https://t.co/zcqWDDi4Z6) has passed the financial due diligence stage. We're now moving into the operational due diligence stage and will enter an exclusive negotiation process with sellers of the candidate store.

$FRIES members have completed financial due diligence on our NYC candidate store. Please review the findings in the latest community proposal and cast your vote towards moving into the next phase by end of Thursday September 29th 11:59pm ET/8:59pm PT: https://t.co/WhWvqMjX1h

$FRIES members have spoken -- we are to move forward with the acquisition! Letter of Intent goes out today to the seller while we begin in-depth due diligence before closing the deal.

100% unanimous yes vote so far! Only 12 hours left to vote with your $FRIES at https://t.co/9o9E5qtEtu

Snapshot proposal is now live for potential acquisition of our first store. Review the store information in the members app and cast your $FRIES vote to move into letter of intent stage! Deadline is end of Sunday August 28th. https://t.co/9o9E5qc34U

There are two types of redeemers. Those who redeemed their $FRIES after contributing to the treasury, and those who redeem themselves by re-acquiring $FRIES after having refunded them. All others not gonna make it. Soon.

We just sent a $FRIES crew member to do some incognito recon work at this NYC location. Perfect candidate to do some rebranding work to make it a bit more suitable...

Just signed an NDA with a place in NYC, nothing to see here

Now I lay me down to sleep Pray the lord my bags to keep If I’m rekt before I rise Pray I have a bag of $FRIES