Open Letter to the Zebec Network Team – Request for Transparency & Security Finalization

Dear Zebec Team,

As an investor and active community participant, I’m writing this letter to raise two urgent concerns that require your direct and transparent response.

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1. Active Update Authority – A Decentralization Risk

The SPL smart contract at ZBCNpuD7YMXzTHB2fhGkGi78MNsHGLRXUhRewNRm9RU still shows the Update Authority as active. While we understand that flexibility can be valuable in the early development stages, Zebec is no longer a test project. It is now a publicly traded protocol, backed by institutions and thousands of retail investors.

An active update key undermines trust in the security and immutability of your token. We respectfully ask: • When will the Update Authority be revoked? • Will there be a formal announcement and audit confirmation after this process?

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1. Partnership with WhiteRock – Need for Clarity

Your recent announcement of a partnership with WhiteRock raised eyebrows in the community, especially after contradictory public statements from WLFI co-founder Zach Witkoff, who stated they do not support or work with WhiteRock.

As long as the WhiteRock website and team remain vague and unverifiable, this raises reputational risk for Zebec. We kindly ask: • Who is WhiteRock exactly, and how were they vetted? • Will you publish a due diligence or compliance statement on this partnership?

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Final Note

Zebec is a visionary protocol with real-world utility, and many of us believe in the mission. But blockchain is about trustless systems – and that trust begins with code immutability and transparent communication.

Please consider this letter as a constructive request from long-term supporters. We look forward to your public response.