As an integral part of the Snark ecosystem, Houdini Finance is set to revolutionize decentralized finance (DeFi) by offering a unique combination of decentralized exchange functionality and high APR yield-farming protocols. Built on the zksync era network, Houdini Finance provides users with the opportunity to earn lucrative rewards while seamlessly swapping their favorite altcoins.

Recent Achievements: Since its inception, Houdini has been making waves with its exceptional achievements and notable milestones. Let's take a moment to highlight some of the recent accomplishments that have propelled Houdini forward:

1. Private Sale Success: Houdini's private sale witnessed tremendous enthusiasm and support from the community. Investors had the opportunity to secure tokens at an advantageous price of $0.25 per token, with a remarkable 500,000 token bonus offering substantial value.

2. Thriving Market Cap: Houdini's market cap has rapidly grown, surpassing the $600,000 mark. This significant achievement reflects the growing interest and confidence in Houdini's vision and potential.

3. Future IDO Access: One of the most exciting aspects of participating in Houdini's private sale is the exclusive access it grants to Snark's future Initial DEX Offerings (IDOs). With 2-3 IDOs planned per month, Houdini investors will have the opportunity to explore and engage with cutting-edge projects before they reach the broader market.

Addressing the Incident:

Recently, an unfortunate incident occurred involving the compromise of the SNRK deployer wallet and Houdini sale contract. We want to provide you with an update on what transpired and the actions we took to address the situation.

During the incident, the funds from the SNRK deployer wallet were illicitly transferred to another address. The attacker then proceeded to bridge the funds from zkSync Era to Ethereum Mainnet & Binance Smart Chain using the Celer Bridge, eventually withdrawing them through the FixedFloat exchange.

Upon discovering the compromise, immediate steps were taken to mitigate the impact. Our team swiftly initiated contact with the FixedFloat Exchange, working diligently to freeze the funds belonging to the attacker. Additionally, emergency withdrawals for unstaking were enabled to safeguard the remaining assets.

In our thorough investigation, we examined various possibilities, including the compromise of the private key or a potential bug in the zkSync blockchain. While the exact cause is yet to be determined, we believe that the incident was a result of phishing attacks targeting the MetaMask wallet through bridge sites. No computers were hacked or infected with viruses during this incident.

Ensuring Security and Trust:

Understanding the importance of security and the need for precautionary measures, both the Snark and Houdini teams immediately prioritized strengthening our systems. We devoted considerable time to clearing and rebuilding our entire infrastructure, ensuring that all systems and contracts were reconstructed from scratch. The Houdini Smart contract, comprising over 50-60 individual smart contracts, was diligently rebuilt to enhance its security and integrity.

The collaboration between the Snark and Houdini teams was instrumental in expediting the recovery process. Together, we implemented robust security measures and conducted comprehensive system checks to reinforce our defenses against future threats.

We are pleased to inform you that the actions we took in response to the incident have proven effective. Our enhanced security measures and rebuilt infrastructure have helped restore trust in the Snark Launchpad and Houdini project. We remain committed to upholding the highest standards of security and will continue to work diligently to ensure the safety of our community's assets and the integrity of our platform.

The collaborative effort between the Snark and Houdini teams has been instrumental in expediting the recovery process. Our close collaboration has ensured a seamless transition and an enhanced level of protection for our users. We are grateful for the tireless dedication and expertise of our teams throughout this challenging period.

Looking Ahead

New Dates and Adjustments: As a result of our commitment to prioritizing security and ensuring a seamless launch, we have adjusted our dates and numbers. The Public IDO is now scheduled for May 30th, 2PM UTC, followed by the Token listing on July 5th, 2PM UTC. These minor shifts in the timeline allow us to conduct thorough code reviews, perform comprehensive security checks, and deliver on our long-term success.

Continued Commitment and Collaboration: We want to assure our community and private sale participants that all contributions made will be honored. Tokens allocated during the private sale will be distributed as planned at the time of the TGE/token listing. The Snark team remains steadfast in supporting Houdini with DEX development and delivering the promised features.

Recovering Snark: Plans for a Strong Future

In light of recent events, the Snark team is fully committed to the recovery and growth of the Snark ecosystem. We have devised several strategic plans to revitalize Snark and restore confidence in its potential. Here's what you can expect:

1. Periodic Buy-Backs: To demonstrate our dedication to Snark's value and sustainability, the Snark team will periodically initiate buy-backs using the revenue generated from our fundraising efforts. While exact dates will not be disclosed to discourage swing traders, rest assured that these buy-backs will be executed strategically to support the long-term growth of Snark.

2. Exciting Marketing Campaigns: To reignite enthusiasm within our community, we have planned an upcoming marketing campaign solely focused on promoting Snark. This campaign will showcase the unique features and potential of Snark, highlighting its value proposition and enticing new participants to join our ecosystem.

3. Multiple IDOs in June: In the month of June, Snark has an exciting lineup of 3-4 Initial DEX Offerings (IDOs) planned. These IDOs will feature low caps, providing an opportunity for participants to engage in early-stage projects and potentially benefit from their future growth. By offering these carefully selected IDOs, we aim to attract a diverse range of investors and foster a thriving ecosystem.

4. Houdini's Commitment to Snark: Houdini Finance recognizes the valuable contribution Snark has made to their DEX development. In appreciation of this collaboration, Houdini has agreed to allocate a portion of its revenue in perpetuity towards the buy-back of $SNRK tokens. This commitment ensures that Snark holders will continue to benefit from the growth and success of Houdini Finance.

By implementing these initiatives, we aim to bolster the value and utility of Snark, paving the way for a prosperous future. We appreciate the support and patience of our community during these challenging times and remain dedicated to ensuring the long-term success of Snark.

Stay tuned for more updates and announcements as we work tirelessly to restore Snark's position as a prominent player in the zkSync blockchain ecosystem. Together, we will rebuild, innovate, and create opportunities for all Snark holders.

Thank you for your continued trust and belief in the Snark project.