First and foremost, we would like to express our sincere gratitude for your patience, trust, and continued support throughout this challenging period. Your commitment to the Xailes and Xferme ecosystem has given us the strength to keep moving forward.

Over the past nine months, our entire focus has been on building a sustainable recovery strategy. Reaching the current stage has required extremely difficult decisions, including the reduction of human resources across field operations, technical teams, and operational departments. These measures were taken to preserve resources and prioritize the recovery process for our community.

We are pleased to inform you that the collection of the information required to initiate the refund process has now been completed.

Our team has officially begun the account-by-account audit and verification process to validate every refund request. This stage is essential to ensure that each allocation is accurate to every participant.

While the foundation for this recovery has taken approximately nine months to establish, the execution of payments is also expected to require a similar timeframe. This is because every payment must be carefully reviewed and processed to ensure the proper allocation of available resources. Accuracy and accountability remain our highest priorities, making this a meticulous and naturally gradual process.

We are also pleased to announce that the list of the first recovery payments will be published as we promise on July 20 / 2026 even thought it is a small list of a few first beneficiaries this marks an important milestone in the execution phase of our recovery plan and reflects our commitment to honoring our responsibilities to the community.

We understand that this journey has demanded patience and resilience from everyone involved. Although the process cannot be completed overnight, every step is being taken with the long-term stability of the ecosystem and the interests of our community in mind.

We are also happy to announce that we will soon launch a dedicated Support Portal for all validator node owners, this new platform will allow validator node owners to securely monitor the status of their account and track their monthly payment and receive assistance from our support team we will as well establish an official Telegram and Wasap channels in order to provide updates, support, and direct communication to validator owners.

On behalf of the entire Xailes/Xferme team, we thank you for your continued confidence, resilience and support. Together, we are taking meaningful steps toward completing this recovery and building a stronger foundation for the future of Xailes and its ecosystem.

Thank you for standing with us.