Security of $BURG Token Gets Compromised. Investors Lose $770K

Hacking in the domain of cryptocurrencies is not a new phenomenon. It has been around since the segment came into being, and the latest attempt was executed by hackers on Crypto Burgers. There is a security breach suffered by the $BURG token, and PeckShield Inc. has informed the people of the bug that exploited the $BURG token. The same news was confirmed by the decentralized security Solution, the CertiK.  

Within a few hours of this announcement, Crypto Burgers came up with an explanation to tell users what actually had happened. According to the organization, it had come under attack and was currently doing everything possible in order to minimize the damage caused to the customers. As a remedial measure, Crypto Burgers will recreate all lost tokens in the next few days and also inject fresh liquidity to realign the disturbed balance. 

Crypto Burgers tweeted an image and reassured users that the project would continue to exist in the future and they would do everything possible in order to make sure that such incidents won’t be repeated in the future. The organization is also charting the course for future action that will be shared with the users very soon. 

Crypto Burgers has also made very clear that they will soon make contact with Binance to track the hot wallet and try to recover some of the lost money of investors. This will be followed by its interaction with Certik as the company wants to ascertain precisely what had happened and what led to this attack. This analysis will help Crypto Burgers to come up with a strong protective mechanism for the future to make sure that recurrence of this kind of incident can be avoided. 

Crypto Burgers has assured us that the process will be completed very soon, and all the details of the report will be made public soon. There is no impact on the decentralized application of the platform, and the players who have their burgers in their account can continue to enjoy their game without any interruption. 

All those who have lost the tokens will soon get new tokens in their accounts, and this will be made possible through the deployment of the new contract on the platform. 

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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