Post
Topic
Board Tokens (Altcoins)
Re: [ANN] Bancor | Protocol for Smart-tokens, solving the liquidity problem
by
GreenSkyTrails
on 15/11/2018, 01:26:20 UTC
I discovered a couple of days about the fact that Bancor already provides Atomic Swap between ETH and EOS, tried it and it works pretty amazing.  But I have a pretty big concern: I have red that it was hacked around 4 months ago and the Bancor team said they were able to freeze the BNT tokens; which begs the question: so, if they can freeze BNT tokens, that means that all this Atomic Swap provided by Bancor is not truly decentralized, correct??

It wasn't a hack and no user data or tokens were affected. A wallet used to stake tokens to a token relay was compromised, and they stole it from there. The BNT freezing was a security mechanism. You can read more here: https://blog.bancor.network/bancor-progress-update-july-2018-4cfee421de1e