Incident update IV | July 12 2024

Dear customers, partners and friends of Lykke,

I am pleased to report steady progress in moving toward our goal – to get our systems up and running at full capacity following the unauthorized access of the Lykke cryptocurrency on June 4.

We are on schedule.

Specific deadlines for individual deliverables are set. We work relentlessly on small but carefully planned steps. At the same time, all these specific steps must be recorded in detail and documented in a traceable manner. I am confident that I will be able to share more details about the gradual resumption of  the Lykke exchange’s operations in the coming weeks.

As for the ongoing legal proceedings, a major milestone was reached during the course of the week. Our incident report was finalized in close cooperation with our security contractor and submitted to the law enforcement and prosecution agencies. The report includes a detailed analysis of the security incident in the form of a timeline and other facts.

The incident report also provides operational guidelines on how to eliminate the individual points of attack. The security audit of the entire, integrated system, including all newly implemented functionalities, which is a key prerequisite for resuming full operation, is ongoing.

As the person with overall responsibility in initiating, steering and moderating the above tasks, please contact me at [email protected] if you have any further questions. I have made it my duty to answer all of your inquiries promptly.

With kind regards,

Richard Olsen
CEO and founder