Jibrel Network: Recovering lost or locked JNT

jibrel-network-token jibrel-network jibrel ethereum blockchain

Recovering JNT lost in the Coinrail hack and EtherDelta Freeze

The below is a walkthrough on how to recover JNT lost during the Coinrail hack or JNT trapped in EtherDelta following the subsequent contract freeze.

Follow the walkthrough below to recover your lost Jibrel Network Token (JNT)

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, valued at US$ . 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.

Jibrel are pleased to announce that it 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.

Completing the JNT Recovery Form

Since the recovery process involves a touchpoint with the Jibrel Network, all KYC, AML, ATF requirements outlined by Swiss regulation must be met.

Note. You will need a Google Account to upload your documentation. If you do not have a Google Account, please contact the Jibrel Support team to manually process your JNT recovery.

Users will be required to submit KYC documentation, proving their identity, address and source of tokens.

The recovery form can be found here.

It provides English and Korean language support and is applicable for those who lost tokens directly through Coinrail, or subsequently through EtherDelta or ForkDelta.

If you require additional support or have a question, please contact the Jibrel Support team. Alternatively, join us on one of our social media channels such as Slack, Telegram or Reddit!

Jibrel provides traditional financial assets such as currencies, commodities, debt instruments and securities, as standard ERC-20 tokens, on the Ethereum blockchain. Jibrel AG is registered in Zug, Switzerland.

Original article was created by: Jibrel Network at medium.com

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency or ICO.

Interested in Cryptocurrencies and ICO's?

Follow our telegram channel for daily cryptomarket reports!

Join @cointrends

Related Articles

pubDate Newsline
3 months ago Benefits of Blockchain to Any Industry
3 months ago Update — 12/10/2018
3 months ago BANKEX Monthly Update: September 2018
3 months ago Blocktix Dev Update Q3
6 months ago Project Update: Q2 2018
6 months ago Project Update: Q2 2018
1 year ago Checking your JNT balance on Etherscan

Stay on top of Altcoins and ICO trends.

Subscribe to our free Weekly Cryptomarket report

Delivered once a week, strongly to your inbox.

Subscribe to our mailing list
January 15, 2019

How Smart Regulation Will Change the World

Cryptocurrencies were originally thought of as decentralized networks run by anti-government libertarians that were constantly at odds with regulatory agencies. Ironically, blockchain technology is one of the best tools regulators can use to increase transparency and efficiency. While the first...

From: JNT
January 09, 2019

Stabilizing ICOs Through Bear Markets

Jibrel provides traditional financial assets such as currencies, commodities, debt instruments and securities, as standard ERC-20 tokens, on the Ethereum blockchain. To learn more about Jibrel, please visit us at https://jibrel.network/

From: JNT
January 04, 2019

Jibrel End of Year Update (2018)

We understand many will be disappointed, but the reality is there has been 650 JNT out of 200,000,000 JNT used for Jcash conversions. The underlying demand will not be sufficient to build a successful network, and something needs to be done.Jibrel must focus on what can be done today, with an...

From: JNT
December 07, 2018

Jibrel: November Update

If you have a focus area you’d like to see answered in the December update deep-dive, let us know on Reddit or ask the team directly in our Telegram chat!Jibrel provides traditional financial assets such as currencies, commodities, debt instruments and securities, as standard ERC-20...

From: JNT
November 30, 2018

Hi there,

JibrelNov 30, 2018Hi there,Apologies if you haven’t been able to get through to us. But we have a response time of under 3 hours, and an issue resolution time of <6 hours.If your support requests are not answered, something is going wrong. Please reach out to us on...

From: JNT
November 02, 2018

Jibrel: October Update

If you require additional support or have a technical question, please contact the Jibrel Support Team. Alternatively, join us on one of our social media channels such as Telegram or Reddit!Jibrel provides traditional financial assets such as currencies, commodities, debt instruments and...

From: JNT
Upcoming ICO's
This week overview
Token Name Starts
Cryptocurrency rates
*Last hour average price&change
Coin Name Price Hour
Bitcoin logo BTC $3634.79390027 0.11%
Ripple logo XRP $0.3276798323 0.27%
Ethereum logo ETH $121.659447111 0.11%
Bitcoin Cash logo BCH $130.142969184 0.2%
EOS logo EOS $2.4402398774 0.25%
Stellar logo XLM $0.1068531733 0.42%
Tether logo USDT $1.0166585409 -0.07%
Litecoin logo LTC $30.9504760924 0.34%
Tronix logo TRX $0.0245519517 0.08%
Cardano logo ADA $0.0445328787 0.48%
IOTA logo IOT $0.3071782717 1.05%
Binance Coin logo BNB $6.1195398541 0.32%