trade.io Effectively Contains Breach of Cold Storage Wallet and Protects TIO Holders

2018-10-23 Tradeio

https://medium.com/@trade.io/trade-io-effectively-contains-breach-of-cold-storage-wallet-and-protects-tio-holders-f4a7947c3db4

trade.io reported that 50 million Trade Tokens reserved for its liquidity pool were moved from a wallet, followed by abnormal TIO trading on external exchanges. The company said the incident was limited to one hardware wallet and that the exchange, liquidity pool, customer accounts, and customer funds were not directly affected. KuCoin and Bancor helped quarantine associated transactions by responding to exchange alerts during the investigation. trade.io’s containment plan included forking TIO into a new ERC-20 token, TIOx, to protect holders after the breach.

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