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Detail Analysis

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Date:

Status:

Count:

June 11, 2019

Verified

2

Contributor:

zerofriction.io

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KYC By:

KYC:

None

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Audit By:

Audits:

None

Loss Amount:

9,600,000

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Recovered Amount:

-

Currency:

Dollars, BETX

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Protocol

Poor Key Management

Extended Method:

Private key leak

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The 600 million BETX tokens held by BETX managers were stolen by hacker and sold on the Newdex exchange. Preliminary analysis shows that the cause of this attack is that the private key of BETX project is stolen, and the hacker gains the owner privilege and transfers all the existing tokens of the contract. The selloff caused the BETX token to fluctuate sharply and close to zero.

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DISCLAIMER: While Zero Friction LLC has used the best efforts in aggregating and maintaining this database, Zero Friction LLC makes no representations or warranties with respect to the accuracy or completeness, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose. 

Under no circumstances, shall Zero Friction LLC be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the dataset or information derived from our database.