Topic: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem - page 128. (Read 375744 times)

with $144 million at the ICO, Bancor can't do this alone? They really need people to vote for them?

If none of the stolen BNT coins where dumped... Then who committed the insider trading prior to the hack news being released to the public?

Earlier today, at approximately 00:00 UTC, Bancor experienced a security breach. We take this incident very seriously. We are committing every resource to resolving it, getting the network back online and tracking down the criminals involved.

The details of the breach are still being investigated, but we wanted to update the community with the facts that we have so far.

A wallet used to upgrade some smart contracts was compromised. This compromised wallet was then used to withdraw ETH from the BNT smart contract in the amount of 24,984 ETH (~$12.5M). The same wallet also stole:
229,356,645 NPXS (~$1M)
3,200,000 BNT (~$10M)

Once the theft was identified, we were able to freeze the stolen BNT, limiting the damage to the Bancor ecosystem from the theft. The ability to freeze tokens was built into the Bancor Protocol to be used in an extreme situation to recover from a security breach, allowing Bancor to effectively stop the thief from running away with the stolen tokens.

It is not possible to freeze the ETH or any other stolen tokens. However, we are now working together with dozens of cryptocurrency exchanges to trace the stolen funds and make it more difficult for the thief to liquidate them.

We will continue to post updates as and when appropriate on our Telegram channel and on Twitter. We appreciate your patience as we resolve this matter.

Permit me to enquire about the bounty program currently running in the bancor platform, i need to know what is the status of the bounty, zeex bounty campaign in particular,
i understand this is managed by bancor so am asking why there isn't any response or update from the Admin in charge of Zeex? I head zeex bounty on bancor has been discontinued but i couldn't find such update in the bancor platform, any idea about this Admin? Thanks.

Very nice talk, highly recommended to for everyone. Providing liquidity to the worlk of crypto IS the main issue.

"In the future, token creator's will be able to focus on their networks, products and users, when liquidity is fair and free for all." Bancor Co-Founder Galia Benartzi talks tokenization with Arjun Kharpal on CNBC.

https://ban.cr/tokenize

Permit me to enquire about the bounty program currently running in the bancor platform, i need to know what is the status of the bounty, zeex bounty campaign in particular,
i understand this is managed by bancor so am asking why there isn't any response or update from the Admin in charge of Zeex? I head zeex bounty on bancor has been discontinued but i couldn't find such update in the bancor platform, any idea about this Admin? Thanks.

And also @dmin is it only coin listed tradeble from my wallet can be traded on ur platform?Or only listed coin on ur platform

Wondering how Bancor works? Check out this solid explainer: "A basic Bancor-style contract functions as both an exchange, and a self-balancing ETF." https://ban.cr/HowItWorks

There have lot of things changes in last few years. This is process of evolution if look at this by the point of view of Bancor that is becomes lot more easier to understand though having concept of complete decentralization in mind makes it little difficult to accept at this stage. I am sure in few months or let's say year or two people will be thinking other way.