- TAKE-15Negative
OVERTAKE (@overtake_world)
We want to address the recent TAKE price dislocation and its impact on our community. On December 30, 2025, TAKE experienced a sudden and sharp price drop. Based on our review so far, this move was driven by market conditions, where selling pressure was amplified by leverage and limited liquidity. There is no evidence of: - a protocol exploit - a smart contract failure - a security breach or hack - any involvement of team or foundation-controlled wallets This was not a hack or security incident. While the selling activity appears to have come from external market participants, we recognize that market structure and liquidity conditions contributed to the severity of the move. Addressing these factors is our responsibility. We understand the concerns being raised by the community. Our decision not to provide ongoing commentary is not due to ignoring these questions, but to ensure our review is careful, accurate, and responsible. We are currently working with exchanges and advisors to complete a full post-incident review. Once this process is finalized, we will share a clear summary of our findings. Development of TAKE continues as planned. Team operations and our product roadmap remain unchanged. Please note that this communication reflects preliminary findings based on information available as of the date above and remains subject to further review. We appreciate your patience and continued support as we focus on transparency, facts, and responsible next steps. Thank you for standing with us.