Piggycell announced that it has completed an additional funding round of approximately $4 million, led by Double A Investment with participation from NexStox | NXMarket. This funding round is interpreted as a reassessment and recognition by the investment market of Piggycell's recovery execution centered on "user protection" and the sustainable platform value based on genuine usage following a security incident.
After the recent security incident, Piggycell prioritized the normalization of the token system and user protection, and has confirmed a new token issuance and a 1:1 Swap (migration) plan. The project stated: "To minimize confusion and secondary losses for existing holders, we have aligned the Swap and trading resumption timing with major exchanges, including Binance, and further refined the execution plan based on this." The Swap will proceed based on the announced snapshot standards: on-chain holders will receive a 1:1 airdrop to the same wallet based on their holdings at the snapshot time; exchange holders will be processed according to the procedures announced by each exchange.
Another key aspect of this recovery plan is the strengthening of operations and security controls. Piggycell stated that it has further enhanced the permission structure and operational control mechanisms during the new token distribution process, and has restructured the architecture to reduce the risk of recurrence through operational checks with exchange partners, including Binance. The project emphasized that, particularly through this alignment and collaboration, the focus is on minimizing market confusion and price gaps at the time of execution. Notably, Piggycell's new token trading is expected to resume on Binance Alpha, KuCoin, Gate, and MEXC.
The funding will be used for:
△ Security capability upgrades (audits, monitoring, enhanced permission controls)
△ Recovery execution and operational stabilization
△ Product/ecosystem expansion, etc., to provide execution resources for the post-recovery growth phase.
Piggycell stated: "This funding round is not just a 'restart after the incident' but also a signal—after navigating the risks, the value and execution capability of the platform as a genuine usage-based infrastructure/application have been validated."
A representative from Double A Investment said: "Piggycell possesses a genuine usage-based infrastructure and platform model, and during the post-incident response process, it has consistently prioritized user protection and built a phased, execution-focused recovery system, which is highly commendable."
Piggycell added: "We are back on track, and now is the real beginning." It stated that it will continue to advance RWA expansion and further upgrade genuine usage-based utility based on "verifiable on-chain activity and long-term execution capability." As trading channels gradually resume and the recovery plan enters the implementation phase, market attention on its subsequent growth path and ecosystem expansion pace continues to heat up.
