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Jibrel Network: Recovering lost or locked JNT

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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.

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