Blockchain platform Nuls hacked, $480,000 lost
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Answer Blockchain platform Nuls hacked, $480,000 lost
Nuls has lost nearly $480,000 in NULS tokens due to the hack, according to a security update posted yesterday, December 22nd.
The hacked platform reported via its account on Twitter It was exposed to a hacking operation that resulted in the transfer of 2 million tokens, of which 548,354 codes (equivalent to $131,600) became untraceable as a result of entering the trading market.
For the platform to move and make a mandatory decision to upgrade and as soon as possible to update the Nuls Blockchain at block 87.800, and to quote what it stated:
After the hard fork, the remaining 1451645.65303905 NULS that did not enter the trading market will be destroyed in a permanent freeze to prevent a continuous flow into the market.
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Action taken prevents the project community from losing out, as stated by the project team.
An update fork will be released as soon as possible, with the team notifying contract holders that the upgrade is mandatory and must be adhered to as soon as possible.
Nuls revealed that hackers exploited a vulnerability in Nuls 2.2, the version that the team says is now fixed.
It is also noted that all currency related trading platforms have been contacted to cooperate with the Nuls team.
After the hack, minor losses in the value of Nuls tokens:
The stolen tokens represent only 2% of the 73 million circulating supply.
The breakout appears to have little effect on NUL price action at least at the time of this post, as the coin has lost 0.5% in the last 24 hours and is trading at $0.24.
Nuls is an enterprise-class open source platform with offices in southwest China and Singapore and teams in the US, Australia and South Korea, providing a customizable and diversified core infrastructure for a variety of business requirements.
The company ranked fourth in the most recent a report To classify crypto from the China Center for Information and Industry Development.
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Read also:
10 Cryptocurrency Exchanges Hacked in 2019… Get to Know It
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