Background

On early Sunday morning, the Korean exchange — Coinrail was hacked. The attackers were able to steal US$ 40MM worth of tokens. As part of the hack, 2,557,709 Jibrel Network Token belonging to Coinrail users was stolen.. The attackers then moved these tokens to the decentralized exchange, EtherDelta, attempting to sell the tokens for ETH.

The Jibrel team were able to act quickly and lock the tokens in the EtherDelta contract. As a result, the attackers were only able to liquidate ~24,000 stolen tokens (US$ ~7,000 or under 0.8% of the total), but as a consequence of this, honest users were also affected and had their tokens locked.

We are pleased to announce that Jibrel has successfully coordinated with Coinrail, EtherDelta and ForkDelta (utilizes the same smart contract as ED), to create a process for users to recover lost JNT.