Re: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem
By token bancor, nothing has disappeared, the very fact of hacking is of course very unpleasant, but I think the team will draw conclusions and will do everything possible so that such situations no longer repeat. Meanwhile, the price for Bancor is gradually beginning to recover.
Even this was mentioned before about some security holes and it could lead to a big lose if someone made hack attempting on this network. But they ignored this warning in past and didn't took this seriously and now after this incident they have their focus to make secure this network and fixing all bugs there. That is the reason price is start recovering I hope in future this will become secure network.
The Bancor team had implemented safety precautions to mitigate any losses from a theft like the one that occurred earlier this month.
Here's what Co-Founder Guy Benartzi had to say about this:
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We encourage all responsible token issuers to follow Bancors example in transparently implementing emergency capabilities to protect their communities and the industry at large from thieves and criminals. Equally important is the ability of projects to develop upgradeable code which enables them to learn, iterate and more rapidly progress towards mass-market adoption of these important technologies.
Please see "The Road Ahead" for the rest of the article!
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