The Nerve development fund was compromised. The private key was stolen from a finance person’s computer. At block height 8035009 (21-01-16 01:12:52 GMT + 8) 5,000,000 NVT assets were transferred to NERVEepb6F8oM9SQYJfbCnK11BuhYQ4LAxFcpy.
2,000,000 NVT assets were split into two cross-chain transfers to the ETH network and the BSC network. The assets were sold at Uniswap, and PancakeSwap causing the NVT price to drop.
Nerve Network Transfer 1,000,000 NVT to ETH Network:
Nerve Network Transfer 1,000,000 NVT to BSC Network:
We have secured Nerve’s development fund. We contacted 66% of the Nerve node owners and executed an emergency arbitration for the hacker address, NERVEepb6F8oM9SQYJfbCnK11BuhYQ4LAxFcpy. This ensures that most nodes will not confirm the transfer transactions sent from this address. We have added the hacker address to the blacklist.
In the future, all assets of the Nerve project will be managed with multiple signatures.
We apologize to our Nerve community for this loss. We will gradually replace the lost NVTs.
Best regards, Nerve Team