Blockchain Nuls has lost almost $480,000 worth of NULS tokens due to a hack

According to the announcement from Nuls on December 22, 2019, Blockchain Nuls has lost nearly $ 480,000 worth of NULS tokens. Specifically, in their tweet, Nuls said they found 2 million tokens transferred, of which 548,354 tokens – worth about $ 131,600 – were involved in the trading market and are currently inaccessible.

Blockchain Nuls encountered a severe security incident

Because of this problem, the Nuls network was forced to upgrade the hard fork as soon as possible. And to quickly deal with this theft, Nuls decided to hard fork Blockchain at block height 87,800.

The notice stated:

“After the hard fork, the remaining 1451645.65303905 NULS that has not entered the trading market will be destroyed in a permanent freeze to prevent continued flow into the market.”

The team believes that through the hard fork, the losses for community members will be offset. The hard fork will be released as soon as possible, and the upgrade is mandatory and must comply with as soon as possible.

Nuls revealed that hackers would exploit the security hole in Nuls 2.2. This is a modified version. Also, the Nuls team emphasized that all cryptocurrency exchanges that have been listed NULS are contacted and are actively working with the Nuls team.

After the incident, NULS prices only decreased slightly

The total number of hacked NULS tokens accounts for only 2% of Nuls’s circulating supply. Because the total supply is only 79,465,334 NULS. The hack seems to have little effect on NUL price movements. At press time, NULS prices have dropped 6% on the day and are trading at $ 0.2314.


Source: TradingView

With offices in southwest China, Singapore, and teams in the United States, Australia, and South Korea, Nuls is an open-source, the enterprise-grade Blockchain platform that provides customized, a modular Blockchain infrastructure for Many business requirements.

The company is ranked 4th in the latest cryptocurrency ranking report from China’s Center for Information and Industry Development.

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