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SG Token Migration Completed – Distribution Finished, Withdrawals Resuming Next Week

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Following our previous announcements regarding the SG token incident and recovery plan, we are pleased to provide the latest update.

Completion of Token Migration

The issuance of the new SG token under a new contract has been successfully completed, and distribution to user wallets is now finished.

All eligible users should now be able to confirm their updated SG balances.

Snapshot & Distribution

The distribution was conducted based on recorded balances:

Ethereum snapshot: March 10, 2026, 02:00 UTC
Polygon snapshot: April 6, 2026, 00:00 UTC

The allocation was applied as follows:

Pre-incident balances: 1:1 ratio
Post-incident balances: 55:1 ratio

The post-incident adjustment reflects the significant price impact caused by the unauthorized activity.
Prior to the incident, SG was trading at approximately $0.0055, while after the incident, the price declined to around $0.0001. The adjusted ratio was determined to fairly account for this change.

New SG Token Information

Contract Address (Ethereum): 0xbe07AA35c08190B5385f42F5eB80c3BcFbcf5aa8
Contract Address (Polygon): 0x3B38FcB144Db6c16E09c6414e2AB84C7fEF1BB0C
Network: Ethereum, Polygon
Token Name / Symbol: SocialGood (SG)

Withdrawal Service Update

We are preparing to resume withdrawal services within the SocialGood App.

Planned timing: Next week

Further details, including the exact schedule and any required steps, will be announced shortly.

Closing

We sincerely apologize again for the inconvenience caused by this incident.
We appreciate your patience and continued support as we complete the recovery process and restore normal operations.

Best Regards,
The SocialGood Team

Who we are

As a startup, SocialGood, Inc. has raised a total of 2.4 billion yen from venture capital and has given away more than $11 million in crypto to users.

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Disclaimer: The SocialGood (SG) token is a utility token. SG is not a security, just as real estate and gold are not securities. The description above does not refer to the nature of SG in any way. The appreciation/price increase of SG is not guaranteed. The Company is not responsible in any way for the fluctuation of the price of SG. The Company is not liable for any loss/damage/injury of customers in relation to SG. The description above is not intended to solicit investment. The description above is only for the purpose of providing general information for customers. The description above may change without prior notice and the Company is not responsible for the current description and for updating the description.
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