Cryptocurrency News

Sentinel Network Reveals $40 Mln DVPN Coin Hack Due To HitBTC Vulnerability.

Sentinel Network revealed within an official tweet earlier on Friday that 40 Mln of its DVPN coins were stolen from users via a vulnerability on the HitBTC Bitcoin [BTC], exchange.

The decentralized p2p [peer-to-peer] bandwidth marketplace, which supports the Sentinel dVPN application, outlined that the theft resulted from HitBTC exposing its mnemonic phrase, a gaggle of words that are designed to assist recover a digital wallet or cryptocurrency.

“This is totally out of our control, HitBTC had delayed the distribution of funds to users and compromised their own mnemonic,” Sentinel revealed officially within his tweet.

Within further official comments, Sentinel’s Srinivas Baride, referred to the exposure as “gross negligence” and said that he hoped HitBTC refunds their users and reassesses their management of user funds.”

Sentinel Network permits anyone to be able to sell their bandwidth on its marketplace.

Sentinel Network Reveals $40 Mln DVPN Coin Hack Due To HitBTC Vulnerability.

Developers can use the Sentinel Protocol, built with Cosmos SDK, to create applications, both public and personal, that use the Sentinel Network’s bandwidth marketplace for dVPN apps.

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