Bitcoin Forum

LAST NIGHT IN SOUTHXCHANGE WE HAVE UNDER 51 %ATTACK AND 48000 COIN SOLD BUT ; People bought the coin do not existed.
do you see that before >??

CCA is offline in that exchange for now...

but we don't understand what happening in 2 hours

You have to be happy with this .
Because they understand your power
They want to knock you down, But you are more powerful than ever

Southexchange is not the best choice for trading, as well as coinexchange, cryptobridge or stex. All of them are manipulating trading orders, have no real volume and are acting very strange regarding deposits and withdrawals, be careful and trade on Binance.

Thank you for the attitude you have for this attack .
It 's very important for us to trust you .

In the last few days our coin has been added to a few exchanges
From : idax , cryptorank , exmarket , hubi .....
Counos will soon be imported to Binance and our audience can be sure of their safety....

but for now Counos has been offline because of the attack ...

The exchange , which you have selected , is not a good exchange for trading.
The southxchange has not returned his test , and you will have to accept the consequences.
Is this happening to you at other exchange ?

No.
It was only on southxchange
That didn 't happen on other exchange
it was southxchange's problem

what do you mean by "Counos has been offline"? isn't Counos the name of the coin, so how does a coin go offline?!!!

as for the 51% attack, it happens to all the coins with low hashrate and enough incentive to perform the attack. if the exchange owners are not total idiots they simply put certain watchers to detect these types of attack which are easy to do too and suspend operations immediately. not to mention that they normally require high number of confirmation for these coins that are susceptible.

I just saw the Southexchange exchange with a lot of empty volumes, meaning that many traders no longer trust this exchange, so how can he trade on Southexchange?

for there might be other attacks
We 've just removed the coin from their market
I meant (offline)
" Yes , we followed the problem from the exchange. "
But didn't received an answer yet

many people or one
They ask for sell , and they accepted it too
The main blow was from miners or who have some coin(southxchange himself)
we give some coin to exchange for added us to market but we dont sure of it

That means the coin the generated from the 51% attack has already sent to the south exchange site. This happens with ETC before when it got 51% attack too.
I guess not all of the exchange sites were being affected caused by this.
that has a big chance caused by the internal problem of the southexchange site itself.
Have you tried to contact the team behind such exchange site?

yes , we talked to the southxchange
As you know , this is at the expense of the exchange
We give the coins back
But we want an explain
They haven 't answered us yet

The attack was at the expense of the exchange
and shows your strength .
You can turn all the coins back

yes we get  back our coin but buyers bought a coin that wasn't real.
That 's why they will lose money
But we pay them back .
because they trusted us

it 's just because somebody wants to buy cca cheap .
if the buyer is sane , he won 't do that

A large enough mining farm probably found that this coin could easily be attacked. This is the problem with low cap altcoins with very little hash power behind the network, and is also part of the reason why investors have run away from altcoins.

It's scary to invest in altcoins today and people may be better off investing in Bitcoin which no doubt has enough hash to resist network attacks like this.

A exchange has to take over the consequences .
We are going to get out of the southxchange market

That 's not true
Before you judge , do research a little bit about our coin .
You will know that it 's not so easy .
We have already great hash power

I don't agree with you
It shows the power of the counosplatform network .
I will personally investigate about that coin

51% attack, can happens for any coin, that is way you should choose a coin with high volume and high hashrate.

Are they selling IOUs essentially? Why are you blaming the exchange right away if they may have fallen victim to a fork of your chain?

Did they disable the wallet?

Honestly any 51% attack is on YOU and YOUR NETWORK. Exchanges have no liability when it comes to policing your coin and preventing attacks. They do however have a responsibility to close the markets if there's trouble with your network.

We have many suspicious and unserious exchanges that we shouldn't entrust with our valuable asset. I have never traded here before and I don't which to trade to trade there.

There is no high - hashrate project that exist in the beginning.
Hard days for every project
There will be no power without testing

why they didn't in idax??
they know that if they do that in idax, they will be offline
because idax monitoring his exchange and they don't let to do that
this is on us but southxchange might have stop it.

There are currently those who have lost their money .
It is not our duty to repay them .
But they trust in us , we 'll do it . we care about our family

The question is, did your network actually fork? Some exchanges react slower than others. There is no one size fits all for a response. Each exchange is located in a different geographical region, with different staff, varying technical backgrounds, etc. Note that some exchanges are total bullshit and shouldn't be trusted under any circumstances.

Disclaimer: I have no experience with southxchange and have never used their service.

It's unfortunate when a network suffers because of a slow response by an exchange but this comes with the territory. If you list on smaller less reliable exchanges there is a chance that eventually they will drop the ball and cause you some level of headache.

If you want to shell out the cash for the big boys like Bittrex and Binance you'll find more stability for your network but more stringent listing requirements.

That 's exactly what you are saying .
In the past few days We have entered to several market exchange (IDAX.EXMARKETS.CRYPTORANK...)
But the southxchange had shown his weakness in the first day
Follow our news ......
Thank you for your opinion  ;)