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Topic: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem - page 138. (Read 375744 times)

member
Activity: 854
Merit: 10
These people should be brought in front of justice and exchanges can do it very well by collaborating with one another. That is good part of hearing loss in BNT has been recovered by freezing the tokens. Bancor team has taken bold decision by putting the actual situation in front of people instead of hiding the incident and this is great thing.
thats what exchanger should do collaborate with each other to avoid breaches and prevent the thieves from liquidating the stolen tokens, but tracing transaction will be hard bancor can ask etherscan to flag the address involve in the breach.

Yes, i hear Bancor wallets have been stolen by thieves, really in today's world we don't know exactly who to believe but really $12 millions worth of coins means it is nearly very huge. They need trace and everything in order to safeguard the people who are trading in Bancor.
sr. member
Activity: 854
Merit: 256
This is such a disaster. Clearly Bancor wasn't decentralized at all. One address controlled everything. Essentially, everything the team communicated with respect to being "decentralized" is outright false, for starters. What's the excuse here? Will this be corrected after the hack, or will Bancor continue to have a single point of failure going forward as well?

seems like Emin Gün Sirer was right from the beginning.
legendary
Activity: 1386
Merit: 1045
This is such a disaster. Clearly Bancor wasn't decentralized at all. One address controlled everything. Essentially, everything the team communicated with respect to being "decentralized" is outright false, for starters. What's the excuse here? Will this be corrected after the hack, or will Bancor continue to have a single point of failure going forward as well?
member
Activity: 390
Merit: 11


smart people? How did you get hacked? Are you so smart ?.

assholes

Hi there, sorry you feel that way. The team is looking into the situation right now. All user wallets are safe, you can access your tokens right now if you wish. And you can see all your tokens on etherscan if you are not sure, they will be there.
sr. member
Activity: 534
Merit: 250


smart people? How did you get hacked? Are you so smart ?.

assholes
legendary
Activity: 1694
Merit: 1003
These people should be brought in front of justice and exchanges can do it very well by collaborating with one another. That is good part of hearing loss in BNT has been recovered by freezing the tokens. Bancor team has taken bold decision by putting the actual situation in front of people instead of hiding the incident and this is great thing.
thats what exchanger should do collaborate with each other to avoid breaches and prevent the thieves from liquidating the stolen tokens, but tracing transaction will be hard bancor can ask etherscan to flag the address involve in the breach.
hero member
Activity: 980
Merit: 512
I think the “Bancor is not decentralized” debate/accusation really revolves around the fact that it appears Bancor has a central authority capable of disabling activity on not only the GUI(website) but also on the blockchain itself via direct calls to the contract. This is a central point of control, regardless of intent or prior behavior. So, from an objective point of view, Bancor appears to have variable decentralization and is not the canonical decentralized application.
newbie
Activity: 84
Merit: 0
These people should be brought in front of justice and exchanges can do it very well by collaborating with one another. That is good part of hearing loss in BNT has been recovered by freezing the tokens. Bancor team has taken bold decision by putting the actual situation in front of people instead of hiding the incident and this is great thing.

Thank you for your support Zontop!

Join our telegram to stay up to date with the proceedings:

https://t.me/bancor
sr. member
Activity: 854
Merit: 256
These people should be brought in front of justice and exchanges can do it very well by collaborating with one another. That is good part of hearing loss in BNT has been recovered by freezing the tokens. Bancor team has taken bold decision by putting the actual situation in front of people instead of hiding the incident and this is great thing.
jr. member
Activity: 364
Merit: 1
https://twitter.com/Bancor/status/1016420621666963457

Here is the latest update on the recent security breach:

Yes that is indeed the latest on the breach, thank you for sharing Cryptocurrencies.
copper member
Activity: 154
Merit: 0
DATABLOCKCHAIN.IO SALE IS LIVE | MVP @ DBC.IO
full member
Activity: 980
Merit: 109
WATCH: Bancor Co-Founder Galia Benartzi in a fascinating discussion on token sales with OmiseGO Founder Jun Hasegawa and Status Co-Founder Jarrad Hope at TCBlockchain.
https://ban.cr/GaliaTCzug
full member
Activity: 546
Merit: 128
This morning (CEST) Bancor experienced a security breach. No user wallets were compromised. To complete the investigation, we have moved to maintenance and will be releasing a more detailed report shortly. We look forward to being back online as soon as possible.

https://twitter.com/Bancor/status/1016274867384090624
newbie
Activity: 140
Merit: 0
member
Activity: 1330
Merit: 10
I have an opinion about that. Things rarely go as planned. Adding 3-rd parties like Telegram or Facebook to login page is in contradiction with  wallet's desired security. I would prefer to have conventional "login + password"  page enhanced  with 2FA via  Google Athenticator .

Thanks for the feedback on this, it will be taken into consideration. But current login methods are actually quite secure! To spend funds you need to both access via one of the login methods and have your password at hand.
full member
Activity: 532
Merit: 102
How User-Generated Currencies Could Change Your Life: Bancor's Project Architect Eyal Herzog speaks to @HappyMoneyMan1
https://www.youtube.com/watch?v=pv0qlON-fVc
hero member
Activity: 1358
Merit: 635
NEW FEATURE ALERT: You can now add multiple logins to the same Bancor Wallet. Link SMS, Telegram, Facebook Messenger and WeChat to your account and use any of them to login. Try it out! https://ban.cr/MultipleLogins
Bancor developers does not stand still.  Smiley
I'm sure multilogin is a very useful feature. Recently i was used bancor service. I was shocked how easy it was to use. I advise everyone to try bancor platform.


I have an opinion about that. Things rarely go as planned. Adding 3-rd parties like Telegram or Facebook to login page is in contradiction with  wallet's desired security. I would prefer to have conventional "login + password"  page enhanced  with 2FA via  Google Athenticator .
legendary
Activity: 1526
Merit: 1003
NEW FEATURE ALERT: You can now add multiple logins to the same Bancor Wallet. Link SMS, Telegram, Facebook Messenger and WeChat to your account and use any of them to login. Try it out! https://ban.cr/MultipleLogins
Bancor developers does not stand still.  Smiley
I'm sure multilogin is a very useful feature. Recently i was used bancor service. I was shocked how easy it was to use. I advise everyone to try bancor platform.

That is nice sign how hard working that team is and what future will bring to this project. I can predict this ecosystem will get succeed to reach the mainstream people with this spirit. This is wonderful sign who want to invest into legit project as long term.
sr. member
Activity: 686
Merit: 261
Metal ( $MTL ) is LIVE on the Bancor Network. Convert tokens now:
https://ban.cr/Metal
jr. member
Activity: 266
Merit: 1
What if trading goods and services were fully autonomous? An awesome deep-dive into the future of connected token economies. https://ban.cr/EconDCBancor 
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