Nuls is an open-source enterprise-grade blockchain platform that provides customizable, modular blockchain infrastructure for several business requirements. On December 22, Nulstweeted a security update that it has lost almost $480,000 in NULS tokens due to a hack.



According to the tweet, Nuls had detected that, 2 million NULS tokens had been transferred. Out of this, 548,354 tokens, worth about $131,600, had entered the trading market and were now untraceable.

In a way to control the theft, Nuls has decided to hard fork its blockchain at block height 87,800. After this hard fork, the remaining 1,451,645 NULS that has not entered the trading market yet will be destroyed permanently to prevent continued flow into the market.

The team claims this action will help to prevent losses to the community members. The hard fork is going to be released as soon as possible. Oaners have been notified that an upgrade is mandatory and it should be done immediately.

The team revealed that, the hackers exploited some security vulnerability in the Nuls 2.2 version. However, the team claims this security vulnerability has now been fixed. They claim all relevant crypto exchanges have been contacted and they are all actively co-operating with the Nuls team.

The stolen tokens represent only 2% of the over 73 million total circulating supply. The hack seemed to have had a little impact on Nul’s Price Movement. At press time, the coin has just dropped by 1% within the last 24 hours, and it’s trading at $0.238.



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