AMA with Dmitry Gerasimov, May 7, 2026

Hello everyone, I am Dmitry Gerasimov, CEO of Cellframe, and here is our regular AMA session. Let's begin with the first question that you sent us before.

When will the investigation into the illegal m-tokens be completed and user wallets be unlocked? What penalties will the guilty parties face and how will validators' losses be compensated?

The investigation is almost over. Unfortunately, we haven't tracked down the persons, but we still continue to do it. However, we have frozen some of the funds, and when everything is over, we will distribute these funds among the validators that had trouble because of this.

However, I can't say that all losses will be compensated. We just don't have enough funds for this. We have frozen only a small part of the damage. But anyway, we became stronger.

Recently, the team announced a hack of the Cellframe bridge and illegal token issuance worth 2000 USD. What measures have been taken to strengthen security of the bridge and the network infrastructure?

As I said at the previous AMA, we split our bridge into two parts. It's the hot part and the cold part. And it was done before, but not for all tokens. However, USDC was on the old protocols, so we moved it to the new one and hardened them. Unfortunately, we have not calculated all the damage. We still continue the internal investigation to figure out what else can be an attack surface. And we're closing the possible breaches. That's how it looks.

Cellframe's tokenomics include token issuance for project development. How many tokens have been issued for this purpose over the past two years? Given the current token price, the issuance for the development network fees will not be enough. Do you have any alternative sources of income? How is the work of the Cellframe team funded?

As I remember, the last such allocation was a year ago. Last year's allocation was only for validators. So right now, there are no new allocations for the project development. It was planned that we will be focused on the development of new projects based on Cellframe, rather than Cellframe itself.

The core Cellframe's development was completed about six months ago. The team right now is reduced, and we are moving the rest of the team to new projects like ConfCall, cBTC, custodian tools, and others. That's our alternative source. Also, we are now running preseed rounds for the new ventures.

Maybe we'll also open Cellframe itself for entry. I'm also thinking about it, really, because right now it will be better to pass Cellframe itself to some kind of community-driven company, or maybe a circle of hedge funds, or something like this. I'm looking for different sources, not betting on one single source.

The CELL token price has reached all-time lows. One of the reasons is constant selling pressure, including regular sales from team wallets. What do you see as a way out of this situation?

The biggest reason is the market state. When the market jumps up, it will jump up as well. When the market goes down, it will go down. It depends on whether we are selling or not.

By the way, most of the selling wallets are not ours. I have looked over the pictures that are circulating on the network. Yes, they showed a few of our wallets, but not all of them are ours.

The biggest problem is the market. We are thinking about attracting liquidity providers. For them we are preparing some new mechanics. Also, we are looking for institutional investors as well. That's why we are now focusing on preparing custody tools.

Since the beginning of the year, you announced that the team is focusing on addressing technical debt. What has been done during this period and what still needs to be completed?

It's easier to say what was not completed. We haven't finished the hard fork logic, two-layer sharding and native smart contracts.

However, we are talking about technical debt itself. Mostly, it's addressed. We have closed this debt. But it's all in the next version of our software. When we release the 6.0 version of our SDK, we can say that our debt is paid.

What AI tools does the development team currently use? How do you handle the problem of tracking and fixing bugs in AI generated code?

Mostly, we have used Anthropic AI models like Claude. However, for now, it's too expensive to use only Claude. We are adding another tool like locally running models. Also, a few months ago, we ran our own tool for AI memory organization. Based on this tool, we developed an independent autonomous AI driving agent.

That also helps a lot with tracking and fixing bugs. I think it's about AI hallucination — we handle it manually with humans. Human-in-the-loop, we always use this approach in our pipelines.

We have no AI generated code without any tracking, without any review. We always review any generated code.

Question about Cellframe DEX. After synchronization of orderbooks with the external market, is liquidity provided mainly by market makers or does it remain organic? What metrics do you use to ensure the long-term stability of trading volumes?

50-50 is about liquidity. As for metrics, a lot of them, but the most important is the percentage of organic trading itself.

The updated Cellframe DEX looks great. Do you have plans to launch a web version of the exchange? In its current form, it could attract a lot of user attention.

Yes, and it's already running for beta tests. So I believe it will be released soon.

It has been quite some time since the release of Cellframe Wallet on the App Store. Can you already say that this launch has helped increase the number of active users of the application?

Yes. A few thousand holders came from the App Store. It's really engaging. I know a few people that were waiting for the iOS version of Cellframe Wallet just because of security issues, because they were going to purchase a significant amount of tokens. So without this, they cannot do so.

By the way, we are preparing some updates for this to use ephemeral keys, for more secure storage of your keys on your iPhone devices and Android itself.

Recently, you announced the launch of the cBTC project, which involves using quantum-resistant copies of bitcoins. How will users be able to verify and confirm that cBTC is backed by a real BTC on the Bitcoin network?

As in any such project, it focuses on bridging between real BTC and a quantum-safe network. For bridged BTC, you have to lock your real BTC in a specific quantum-safe pool. This pool will not share any public keys.

It will rely only on hashes of the public key. This pool will back cBTC with real BTC, the same way USDC is backed by Ethereum and BSC. In the same way, but it will be much more secure.

In the first stage, we will use the current bridge. Then the next way will be to build such a bridge with a complicated scheme, without exposing public keys, with only hashes. And when, or if, BIP360 is applied to Bitcoin — I'm talking about post-quantum cryptography for Bitcoin — we'll switch our pool to post-quantum cryptography as well. That's the plan.

It's already published on the project's site, so you can examine it and see how it should work.

You announced the launch of the ConfCall and CDN service, which will help support prices of CELL and KEL. Could you explain in more detail how exactly this will work?

Everything is easy to provide. To share your network bandwidth and your CPU, you need to stake some CELL or KEL to bring up your service node in the Backbone or KelVPN network.

And to purchase such services, you also need these tokens. That's how it should strengthen our exchange rate. Unfortunately, because of AI prices, it was held up a little. Stay tuned, it's really coming.

Please share your further plans for the development of the Cellframe platform and ecosystem.

Generally, I have shared it before. We are now focusing not on the development of Cellframe itself, but on running as many new projects based on Cellframe to attract more liquidity to the platform.

I really believe that cBTC will play the main role in this process because Bitcoin holders have a limited number of tools for investment, for trading, or something like this. And with CellBTC, we are focusing on attracting significant liquidity.

However, it's not only about cBTC. It's also about projects like ConfCall and CDN and others that will bring more adoption for our token. And existing projects like KelVPN also could be a tool for a bigger adoption.

Okay, these were all the questions for today. Thank you for your time and for your questions! They all were very interesting.

See you next time. Goodbye.