If you were surprised by yesterday's price action, you’re not alone. Our entire team was confused until we realized what happened: a market maker sold NIL tokens without legal authorization from the Nillion Association. Then refusing to respond to any team communications during the flash sell and hours following. This type of behavior unfortunately happens in crypto. We are not going to just say “nice words of hope” to you to fix this. We’re taking immediate action. The Nillion Association has begun buying back the tokens that were sold, using funds from our treasury. We also commit to utilising all funds recovered which were sold without our authorization by this market maker to buy back even more NIL tokens. We’re actively pursuing this to the fullest extent of the law, and have worked through the night with our amazing exchange partners to ensure all accounts and wallets associated with this incident are now frozen. Our community matters. Privacy matters. Our ethos is: privacy is a fundamental human right. This event won't derail our mission. We’re here to build, and we’re here to stay.