Quote from: ruletheworld on August 12, 2018, 09:09:11 AM

Quote from: BancorAmbassador on August 12, 2018, 08:56:46 AM

Quote from: ruletheworld on August 10, 2018, 10:45:29 PM

Quote from: active706 on August 10, 2018, 08:40:40 PM

I hope that this project will return with more security, and the development team will correct all errors. The team is very cooperative and makes every effort to return this platform. I wish you the best of luck and all the best.

I think the team has said that they will not patch the security flaw that led to the hack and therefore the control of the 'smart contracts' remain centralized.

There is no security flaw to patch. BNT's anti-theft override feature will remain in place, but was not the cause of the theft. The investigation is still ongoing.

Yes, there was a security flaw that the team has refused to patch. This was pointed out to the team even before the ICO. Having a single address control funds in a smart contract means it is a security flaw. If you wish to learn why, look up Nick Szabo's trusted third parties are security loopholes.

If you disagree, show me one reputable security engineer that would attest to the fact that a single point of failure for funds in the smart contract is a good idea from a security point of view.

Irrespective of the exact mode of failure that led to the hack (whether inside job or not), the fact that there is a single address in control of a smart contract is a bad idea and a security flaw.

Ethereum does not have a way to upgrade contracts and as a result each smart contract needs an owner with "admin" privileges. With that said, we looking forward to sharing details of the theft as soon as possible without risking the progress of our ongoing investigation.