Member-only story
This article was written for the BSC Times, a one stop shop for everything you need to stay updated in the BSC space.
After suffering from an exploit that saw 15m BOG minted in seconds and $3m in liquidity drained, the BOG team have been working round the clock to fix the issue and find a suitable compromise that will help regain the trust of its hodlers while keeping new users happy.
Despite initial promises of having a solution ready in 24–48 hours, the BOG team are only ready to deploy a fix a full week after the exploit. This however, is looked upon favorably by most as it highlights how the BOG team is taking security far more seriously and ensuring history does not repeat itself.
Having previously covered the BOG hack here, this article will instead focus on the details of the solution that the BOG team have come up with and what you need to do before the airdrop.
The solution
New BOG contract
As I touched on in the previous article, the BOG team could not afford to let things continue with 15m “illegitimate” BOG in circulation. This was made doubly difficult as regular, innocent farmers who staked the BOG LP token also had varying amounts of these illegitimate BOG appear in their wallet as a result of the exploit.
Therefore, the first order of business was to remove the validity of these BOG tokens by launching a new BOG token and contract. For the sake of this article, I’ll…
