So by now you may have heard of Bancor Network Tokens, they have had a more then successful ICO recently, which set records for crowd funding 144,000,000$ USD in just a few hours. investors such as venture capitalist Tim Draper even participated in the ICO. it was an uncapped unlimited free for all style ICO which seemed to do very well for the Bancor Protocol team. it seemed as if it was playing out well for the investor's as well seeing an incredible 5000%+ increase in price in coming days, unfortunately followed by a near 100%- loss in the matter of 24 hours due to the reckless distribution of the Token.
Emin Gün Sirer, a self-proclaimed hacker and professor at Cornell, and Phil Daian, a first year Ph.D.. student at Cornell, Also wrote a article pointing out 29 potential flaws in the Bancor coding , some of them seeming extremely fatal, causing enough concern for many to sell due to FUD. although, some seem to view it as bringing these issues to light so Bancor Protocol Team can address them which I am sure they will, it was certainly a hit to the creditability of the Bancor Team. but if the team puts the funds raised to good work Bancor should have no problem overcoming any obstacles. although the unregulated distribution is cause for concern it seems most of the large pot holders have already seen there way out.
At Bancor's current price point after this dip, its hard to not consider swooping up some up even if its for the short term, its just so cheap at the moment its hard to think it could dip any further, as always do your own research, and never invest more then you can lose!
Sincerely, Bagholder...