UGC: Moving Forward - Live Document

We’ve recently discovered that the UGC deployer wallet was compromised. After digging into the activity, it appears that a secret recovery phrase was either leaked or hacked, which gave someone access to not just the main deployer wallet, but a few sub-wallets as well. While those sub-wallets had no UGC or $USA-related assets, they were also emptied — confirming that this was a broader breach.

Once this became clear, we asked our launch partner, Coinsult, to pause all reward distributions immediately. We did this to prevent any further WBTC from being deposited into the deployer wallet, where it could be drained like the rest.

Here’s where things get a bit more technical — and a bit more disappointing.

We assumed that 10% of all transaction fees were being split evenly — 5% going to WBTC rewards, and 5% going to the $USA Treasury via the UGC deployer wallet. But after pushing Coinsult for clarity, we’ve learned the rewards system isn’t truly 50/50, especially on Solana.

They’ve explained that the rewards distribution is weighted toward holders first, especially during periods of low volume. This means less was ever sent to the deployer wallet than expected — around $13K WBTC, instead of the $30K we thought should’ve been there based on volume. While disappointing, this actually limited the amount the attacker could walk away with.

So what does this mean moving forward?

We're treating this moment as a turning point. We’re already working with a new launchpad that gives us full control of the contract, wallet ownership, and full transparency across the board. They're also assisting us in building out volume bots and tools specifically optimized for Token 2022, so we can stick to our original vision of a clean 50/50 reward structure — rewards for holders and funding for the $USA Treasury.

Additionally, going forward with $UGC and all future utility tokens in the $USA ecosystem, we are implementing multi-sig wallets and tightening all internal security protocols. This ensures that no single wallet or individual has unilateral access to project-critical funds or operations. It’s a lesson learned — and a permanent upgrade to how we operate.

We’re still finalizing exactly how we’ll transition to this new contract — but what we do know is this:

We will be taking a snapshot of holders and plan to airdrop the new token accordingly, making sure we protect and prioritize our community.

We’re building a live document that will outline everything that’s happened, and help us communicate with transparency and speed. Until then, please be patient — we’re giving you updates as close to real-time as we can, and we’re doing everything we can to keep the community whole and thriving.

This was not a team rug. This was not an inside job. We’ve spent over $30K on development, launch, and marketing — with receipts to prove it. This type of betrayal does not align with our values, or our long-term vision of building generational wealth and sustainable tools for the $USA ecosystem.

We appreciate your understanding, your support, and your strength while we navigate this. Please refrain from speculation or fudding while we work this out — and as always, we’ll keep you informed every step of the way.

Thank you — and we’ll talk soon.