Neo is positioned as a public Chinese platform for writing smart contracts. The main advantages are minimal energy resources, updating the functionality to the NEO 2.0 version, updating the web resource, support for several programming languages.

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GAS is a cryptocurrency distributed by holding NEO in your wallet, used to conduct transactions on the NEO blockchain. The project itself combines smart contracts with blockchain, registers, issues and distributes digital assets.

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The attack is still under investigation, however it is believed that the private keys for the two migration wallet addresses were compromised.

Neo provides details on migration wallet security breach

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Latest @NEOnewstoday tweet:

Neo has provided details regarding a recent security breach that affected the N3 Migration service. The service has been temporarily paused, and NGD noted that an announcement will be made when the service is restarted. No user assets are at risk.
https://t.co/UNMvOmsWrV

Tweet Link: https://neonewstoday.com/general/neo-provides-details-on-migration-wallet-security-breach/

Latest @NEOnewstoday tweet:. Neo has provided details regarding a recent security breach that affected the N3 Migration service.