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Title: Mintpal hacked (VeriCoin) Post by: sparc0 on July 13, 2014, 03:50:19 PM Quote Please read the entirety of this post. A few hours ago we were unfortunately the subject of a successful attack against the exchange. Our investigations have shown that whilst our security was breached, VeriCoin was the target. We would like to stress that VeriCoin and the VeriCoin network has not been in any way compromised. We have worked to secure the exchange and the withdraw process from any further attack. As it stands at the moment the following applies: 1) We lost a considerable amount of VeriCoin in the attack, however we have been working with the VRC developers and all major exchanges to hard fork the coin at a position before the attack. This will allow us to retrieve the stolen coins and facilitate all withdrawals. We are also working with various exchanges to accommodate any losses they may encouter as a result of the required fork. 2) We are currently processing withdrawals for all other coins. As I'm sure you will appreciate, our support channels will most likely be very busy over the coming hours/days so please bear with us. We would like to personally extend our thanks to the VeriCoin developers and the other exchanges who have pulled out all of the stops to ensure that your VRC funds are safe. https://support.mintpal.com/index.php?module=announce&sec=view&id=17 (https://support.mintpal.com/index.php?module=announce&sec=view&id=17) Title: Re: Mintpal hacked (VeriCoin) Post by: baby222 on July 13, 2014, 04:09:55 PM Scared me :(
Title: Re: Mintpal hacked (VeriCoin) Post by: haploid23 on July 13, 2014, 04:24:16 PM Quote 1) We lost a considerable amount of VeriCoin in the attack, however we have been working with the VRC developers and all major exchanges to hard fork the coin at a position before the attack. This will allow us to retrieve the stolen coins and facilitate all withdrawals. We are also working with various exchanges to accommodate any losses they may encouter as a result of the required fork. This is a problem right here. Just because it's stolen does not mean they should be able to arbitrarily reverse the hack. If they're successful at hard forking, this will set precedence that any time there is a theft reported, devs can just hard fork again. This will eventually be abused, and corruption happens. Title: Re: Mintpal hacked (VeriCoin) Post by: samson on July 13, 2014, 04:28:44 PM As the exchange was hacked I have to assume that nothing on Mintpal is safe right now
Does that sound about right ? Title: Re: Mintpal hacked (VeriCoin) Post by: sparc0 on July 13, 2014, 04:34:33 PM As the exchange was hacked I have to assume that nothing on Mintpal is safe right now Does that sound about right ? Maybe affects only VRC (theft of their hot wallet privkey ?) Title: Re: Mintpal hacked (VeriCoin) Post by: yourstruly on July 13, 2014, 04:49:01 PM Quote 1) We lost a considerable amount of VeriCoin in the attack, however we have been working with the VRC developers and all major exchanges to hard fork the coin at a position before the attack. This will allow us to retrieve the stolen coins and facilitate all withdrawals. We are also working with various exchanges to accommodate any losses they may encouter as a result of the required fork. This is a problem right here. Just because it's stolen does not mean they should be able to arbitrarily reverse the hack. If they're successful at hard forking, this will set precedence that any time there is a theft reported, devs can just hard fork again. This will eventually be abused, and corruption happens. Proves that VRC is completely centralized crypto. Title: Re: Mintpal hacked (VeriCoin) Post by: TTM on July 13, 2014, 04:52:06 PM As the exchange was hacked I have to assume that nothing on Mintpal is safe right now Does that sound about right ? Maybe affects only VRC (theft of their hot wallet privkey ?) Sounds true. I've heard exchanges operate each coin's wallet in a separate server and it would be only the server containing VRC wallet got compromised. If hacker was able to compromise all wallets, he would take Bitcoin only, why would he take a random shitcoin? Did the attacker sold all the VRC right away and withdraw BTC? Or did he just send VRC to his own wallet? Title: Re: Mintpal hacked (VeriCoin) Post by: buy4crypto on July 13, 2014, 05:06:22 PM Quote 1) We lost a considerable amount of VeriCoin in the attack, however we have been working with the VRC developers and all major exchanges to hard fork the coin at a position before the attack. This will allow us to retrieve the stolen coins and facilitate all withdrawals. We are also working with various exchanges to accommodate any losses they may encouter as a result of the required fork. This is a problem right here. Just because it's stolen does not mean they should be able to arbitrarily reverse the hack. If they're successful at hard forking, this will set precedence that any time there is a theft reported, devs can just hard fork again. This will eventually be abused, and corruption happens. Proves that VRC is completely centralized crypto. Proves you are a troll. IT WAS AN EXCAHNGE ISSUE, Such a troll, BC will have the same issue, as it did in the past. Did the other communities help you or troll you like you do? So awesome of you, such a COMMUNITY oriented person For the good of crypto you do everything right? What a Joke. Title: Re: Mintpal hacked (VeriCoin) Post by: buy4crypto on July 13, 2014, 05:07:00 PM Quote 1) We lost a considerable amount of VeriCoin in the attack, however we have been working with the VRC developers and all major exchanges to hard fork the coin at a position before the attack. This will allow us to retrieve the stolen coins and facilitate all withdrawals. We are also working with various exchanges to accommodate any losses they may encouter as a result of the required fork. This is a problem right here. Just because it's stolen does not mean they should be able to arbitrarily reverse the hack. If they're successful at hard forking, this will set precedence that any time there is a theft reported, devs can just hard fork again. This will eventually be abused, and corruption happens. Proves that VRC is completely centralized crypto. I got an idea, when your coin isn't as good, attack the ones that are better, instead of focusing on the lack of investor demand for BC, why? Because your community is full of people like yourstrully, What a stain. Title: Re: Mintpal hacked (VeriCoin) Post by: tylerderden on July 13, 2014, 05:19:44 PM just goes to show that there are jealous little bitches that are upset that their shitcoin didn't come up with something to make it not a shitcoin anymore. That's ok though, it's allgood because once the truth is revealed i don't think anybody is going to do anything but dump the shitcoin of the losers that would go to such lengths to prove a point.
Title: Re: Mintpal hacked (VeriCoin) Post by: blade87 on July 13, 2014, 05:35:22 PM Quote 1) We lost a considerable amount of VeriCoin in the attack, however we have been working with the VRC developers and all major exchanges to hard fork the coin at a position before the attack. This will allow us to retrieve the stolen coins and facilitate all withdrawals. We are also working with various exchanges to accommodate any losses they may encouter as a result of the required fork. This is a problem right here. Just because it's stolen does not mean they should be able to arbitrarily reverse the hack. If they're successful at hard forking, this will set precedence that any time there is a theft reported, devs can just hard fork again. This will eventually be abused, and corruption happens. Proves that VRC is completely centralized crypto. Proves you are a troll. IT WAS AN EXCAHNGE ISSUE, Such a troll, BC will have the same issue, as it did in the past. Did the other communities help you or troll you like you do? So awesome of you, such a COMMUNITY oriented person For the good of crypto you do everything right? What a Joke. What VRC is doing sets a terrible precedent. In fact, it is to the point where crypto loses its purpose. So not only are all of VRC's services centralized, but the coin supply and now entire blockchain is controlled by a central authority. It is no different than the real world. You think the VRC whales care about the small holders? Between MP and the whales, this a $1.5-2 million loss without rollback. That would mean MP goes down and the whales go broke (actually, just the VRC whales go broke because MP can continue onward without much loss if they point blame to VRC, but I'm sure they'd receive some death threats from VRC whales even if it were VRC's fault). So again, do the whales care about the small holder. Big LOL if you think they do. If this coin wasn't so centralized in every way possible (including coin supply itself) this would not have happened. But do go ahead and continue to support, since you, as a larger holder, have no choice but to. But you knew what you were getting into all along anyway so I won't say I feel sorry for you. I just hope your actions, along with a few others, do not "change the rules of crypto." Too bad Mt. Gox couldn't have had the same done right? But do try and refute this. I look forward to the response. And feel free to call me a BC troll while I own BC, BTC, DOGE, DRK, LTC, NXT, PPC, PTS, VTC, XMR, and XC. Title: Re: Mintpal hacked (VeriCoin) Post by: gustav on July 13, 2014, 05:53:38 PM mintpal doesn't give info what the "attack" exactly was. How were funds stolen? Their hotwallet? A 51%-attack/doublespent? We don't get that info. All we know is: mintpal claims to have been "attacked" and there will be a rollback.
If the story of the attack is true or not or what exactly happend: we don't know. This is a problem right here. Just because it's stolen does not mean they should be able to arbitrarily reverse the hack. If they're successful at hard forking, this will set precedence that any time there is a theft reported, devs can just hard fork again. This will eventually be abused, and corruption happens. +1 just their hotwallet hacked doesn't justify a rollback. They should eat that bill and care about security. An attack on the coin itself? Where is the info? I am not satisfied with the info we are getting here! Title: Re: Mintpal hacked (VeriCoin) Post by: commandrix on July 13, 2014, 06:01:55 PM I just saw this too. Looked to me like, as far as they know, only VeriCoin has been affected but they're still going through things to be sure. Maybe they'll post updates when they have more.
Title: Re: Mintpal hacked (VeriCoin) Post by: EtherCoin on July 13, 2014, 06:07:13 PM Anyway, gentlemen... Not everybody would be able to perform such an attack, and other coins could have been targeted (sayings that BTC and LTC also got affected are around), so if such a skilled perpetrators chose VRC there are only two choices, either they felt their investments in other coins was threatened by VRC or to cause severe panic and buy on dumps.
It is quite clear what both of those situations mean, every one should get their own conclusion. Eth. Title: Re: Mintpal hacked (VeriCoin) Post by: mr_random on July 13, 2014, 06:44:58 PM Quote 1) We lost a considerable amount of VeriCoin in the attack, however we have been working with the VRC developers and all major exchanges to hard fork the coin at a position before the attack. This will allow us to retrieve the stolen coins and facilitate all withdrawals. We are also working with various exchanges to accommodate any losses they may encouter as a result of the required fork. This is a problem right here. Just because it's stolen does not mean they should be able to arbitrarily reverse the hack. If they're successful at hard forking, this will set precedence that any time there is a theft reported, devs can just hard fork again. This will eventually be abused, and corruption happens. Proves that VRC is completely centralized crypto. Proves you are a troll. IT WAS AN EXCAHNGE ISSUE, Such a troll, BC will have the same issue, as it did in the past. Did the other communities help you or troll you like you do? So awesome of you, such a COMMUNITY oriented person For the good of crypto you do everything right? What a Joke. BC never hard forked to arbitrarily undo a "dirty" transaction. The stolen BC were gone. Big difference. Title: Re: Mintpal hacked (VeriCoin) Post by: DubFX on July 13, 2014, 06:46:54 PM That works only on win 95/98 no?
Title: Re: Mintpal hacked (VeriCoin) Post by: Spoetnik on July 13, 2014, 09:18:05 PM just goes to show that there are jealous little bitches that are upset that their shitcoin didn't come up with something to make it not a shitcoin anymore. That's ok though, it's allgood because once the truth is revealed i don't think anybody is going to do anything but dump the shitcoin of the losers that would go to such lengths to prove a point. adding centralization and BTC support is terribly innovative lol vrc lowered the bar ..and took a step in reverse Title: Re: Mintpal hacked (VeriCoin) Post by: Spoetnik on July 13, 2014, 09:22:57 PM Quote 1) We lost a considerable amount of VeriCoin in the attack, however we have been working with the VRC developers and all major exchanges to hard fork the coin at a position before the attack. This will allow us to retrieve the stolen coins and facilitate all withdrawals. We are also working with various exchanges to accommodate any losses they may encouter as a result of the required fork. This is a problem right here. Just because it's stolen does not mean they should be able to arbitrarily reverse the hack. If they're successful at hard forking, this will set precedence that any time there is a theft reported, devs can just hard fork again. This will eventually be abused, and corruption happens. agreed and this reminds me of the BTER / NXT hack other day and the JPC / Allcrypt hack the other month. on one hand i think we gotta play by the rules.. bear with me on this lol Ok so we have a lawless market right ? Then in all fairness it's to the exchanges to run their business how they see fit period. BUT I don't like what these guys are doing.. I myself think if they stole the coins then oh well they are stolen and that is the end of it. Hard forking a coin or other dumb measures is undermining Crypto bit by bit. a lot of negative precedents are being set more frequently and unless Regulation is put in place and fast i am getting out of this shit scam pit of bullshit scene. edit: This shit is getting out of hand.. It also reminds me of Cryptsy getting hacked for Points couple weeks back.. A guy exploited the exchange and dumped Cryptsy "Points" down to about 4 sat's The exchange rolled it back but guys got fucked over because they sold other coins to buy up cheap points.. so Cryptsy rolled back the changes on points leaving anyone that dumped their coins earlier kinda fucked over.. as i was told by users who did this. AND the guy who hacked it popped up after a week and i had a little chat with him and turns out he robbed the place for a bit more than 89k usd after cashing out. He was laughing his ass off asking me directly what he should spend it on. Title: Re: Mintpal hacked (VeriCoin) Post by: Benefactor on July 13, 2014, 09:43:50 PM Just in my humble opinion.
I've been concerned about 'the evil people' coming into crypto for a long time. Not independent traders and investors, but the global cabal, NSA, CIA, AND ESPECIALLY THEIR CONTRACTED MINIONS. I have a concern this Mintpal thing, especially as it is strange which crypto(s) were targeted, is a beta test for a larger (series!) of events planned for BTC. There is some Italian phrase 'if it goes, it goes.' Like that. While on one hand, I'm surprised this fork hasn't been used before to solve purported theft issues, as a viable solution to that particular problem, it does create all kinds of other problems, like what about people who made irreversible payments to legitimate payees after the event? It's B.S. (I must state, too, that I don't know enough about cryptos for this particular opinion to carry much weight, necessarily.) Nevertheless, I tend to be a 'seer', and spot trends long before they fully manifest. Just (IMHO) be on the lookout for any false flags on BTC, itself, after this event, because it stinks to high heaven. Mintpal has been great heretofore, but from the beginning, I'm sorry, but I always suspect anything out of "London" for being ULTIMATELY shady, especially as 'they' are talented at dressing up pigs real nice like. Antonopolis bailing because the door of transparency is closing is a huge RED FLAG, as I see it. Whatever happens, everyone should work together, and think about what's really important. Tread carefully, please. Title: Re: Mintpal hacked (VeriCoin) Post by: cryptozim on July 13, 2014, 09:45:21 PM Quote 1) We lost a considerable amount of VeriCoin in the attack, however we have been working with the VRC developers and all major exchanges to hard fork the coin at a position before the attack. This will allow us to retrieve the stolen coins and facilitate all withdrawals. We are also working with various exchanges to accommodate any losses they may encouter as a result of the required fork. This is a problem right here. Just because it's stolen does not mean they should be able to arbitrarily reverse the hack. If they're successful at hard forking, this will set precedence that any time there is a theft reported, devs can just hard fork again. This will eventually be abused, and corruption happens. Exactly. CasinoCoin had an issue with an exchange being on the wrong fork. ~1.3million coins were improperly traded, so the exchange asked the devs to reimburse them. The community voted it down, because we didn't want to set that precedent. Title: Re: Mintpal hacked (VeriCoin) Post by: Wulfcastle on July 13, 2014, 09:49:22 PM I think I speak for everyone here, when I say that MintPal should release a statement as to how exactly the attack took place.
As for VeriCoin hard forking as a result of this, that is pure centralization. Hard forks are not supposed to occur because of events like this despite how badly people may lose out on it, becuase if this goes through, what it essentially means is that the VeriCoin developers can fork VeriCoin for whatever reason they like. Say for example if one of the developers (who holds a large amount of VRC) get's hacked they could just hard fork VRC again just to retrieve their coins. It may sound good to those who lost their coins, heck I'd be happy if I owned VRC and got my coins back, but what they've just done is centralize VRC Title: Re: Mintpal hacked (VeriCoin) Post by: mr_random on July 13, 2014, 09:57:51 PM I would like to know why so many Vericoin were in the hotwallet?
I have always been suspicious that Mintpal was not following cold storage best practices. This unfortunate incident may confirm it. Title: Re: Mintpal hacked (VeriCoin) Post by: r0ach on July 13, 2014, 10:00:46 PM This would have been a large loss to Mintpal. If Vericoin didn't voluntarily fork this, I'm pretty sure there would have been some behind the scenes bribes of tens of thousands of dollars to do it.
Title: Re: Mintpal hacked (VeriCoin) Post by: micaman on July 13, 2014, 10:02:14 PM They are creating a very dangerous precedent.
It's like creating a hard-fork just because someone is stupid. Title: Re: Mintpal hacked (VeriCoin) Post by: ethought on July 13, 2014, 10:02:22 PM I think I speak for everyone here, when I say that MintPal should release a statement as to how exactly the attack took place. I agree. If for nothing else, to possibly help another exchange or service not fall for the same vulnerability. Plus if the issue / vulnerability is now fixed what have they got to lose? Title: Re: Mintpal hacked (VeriCoin) Post by: mickey mouse on July 13, 2014, 10:10:05 PM This could damage mintpal's credibility. They could begin to look like a mickey mouse exchange after this.
Title: Re: Mintpal hacked (VeriCoin) Post by: kbm on July 13, 2014, 10:11:44 PM As for VeriCoin hard forking as a result of this, that is pure centralization. Hard forks are not supposed to occur because of events like this despite how badly people may lose out on it, becuase if this goes through, what it essentially means is that the VeriCoin developers can fork VeriCoin for whatever reason they like. Can a hardfork even be enforced without >51% consensus of those staking? I really don't know .. anyone care to fill me in please? I'm asking if this can be stopped if simply not enough people download and run the new fork, and instead continue using the old one. Edit: Actually I'd like to point out a serious flaw here. With a large theft, the consensus mechanism will now be flawed in that there will be a majorly disproportionate number of people staking the old fork (Due to the theft itself) compared to those trying to stake the new fork (as anyone in favor of the new fork will now have zero coins). This seems to be a massive security flaw in using centralized exchanges. That is, if 51% of stake is required to enforce the fork in the first place. Title: Re: Mintpal hacked (VeriCoin) Post by: Wulfcastle on July 13, 2014, 10:22:01 PM As for VeriCoin hard forking as a result of this, that is pure centralization. Hard forks are not supposed to occur because of events like this despite how badly people may lose out on it, becuase if this goes through, what it essentially means is that the VeriCoin developers can fork VeriCoin for whatever reason they like. Can a hardfork even be enforced without >51% consensus of those staking? I really don't know .. anyone care to fill me in please? I'm asking if this can be stopped if simply not enough people download and run the new fork, and instead continue using the old one. Edit: Actually I'd like to point out a serious flaw here. With a large theft, the consensus mechanism will now be flawed in that there will be a majorly disproportionate number of people staking the old fork (Due to the theft itself) compared to those trying to stake the old fork (as anyone in favor of the new fork will now have zero coins). This seems to be a massive security flaw in using centralized exchanges. That is, if 51% of stake is required to enforce the fork in the first place. Well I'm sure if the hacker managed to withdraw the coins they hacked, and the amount of the coins hacked is greater than 51% of the current network stake, the hacker could just stake all the hacked coins and cause another fork as in this case the hacked coins would account for > 51% of the network stake. In any case I'll be removing my coins from MintPal until they release a statement about how the coins were actually stolen/hacked in the first place. Title: Re: Mintpal hacked (VeriCoin) Post by: kbm on July 13, 2014, 10:26:52 PM Well I'm sure if the hacker managed to withdraw the coins they hacked, and the amount of the coins hacked is greater than 51% of the current network stake, the hacker could just stake all the hacked coins and cause another fork as in this case the hacked coins would account for > 51% of the network stake. In any case I'll be removing my coins from MintPal until they release a statement about how the coins were actually stolen/hacked in the first place. I'm not saying the hacker needs 51%, I'm just saying that in the matter of an instant .. the consensus mechanism became flawed. The votes of potentially thousands of people literally just became one large vote, and it's totally opposite of what those (potentially) thousands of people would vote for in the first place. This goes for any amount of coins, be it 5, 10, or 20%. No matter the percentage, the coins are no longer in the hands of those that would have been otherwise able to vote for consensus. Title: Re: Mintpal hacked (VeriCoin) Post by: mrkavasaki on July 13, 2014, 10:28:44 PM and what we learn from this? only use decentralized exchanger like http://blackhalo.info/
and thats why blackcoin is the future 8) ;) Title: Re: Mintpal hacked (VeriCoin) Post by: Benefactor on July 13, 2014, 10:29:17 PM a lot of negative precedents are being set more frequently and unless Regulation is put in place and fast i am getting out of this shit scam pit of bullshit scene. What? Nobody who 'gets' crypto would request "Regulation"! Are you from the City of London or something?Maybe you mean self-regulation or something. If every country in the world 'regulated' crypto, YOU STILL CAN'T CONTROL IT THIS WAY! Please retract your comment, or I will consider you a shill for the powers that be. Title: Re: Mintpal hacked (VeriCoin) Post by: freedomno1 on July 13, 2014, 10:58:43 PM Quote 1) We lost a considerable amount of VeriCoin in the attack, however we have been working with the VRC developers and all major exchanges to hard fork the coin at a position before the attack. This will allow us to retrieve the stolen coins and facilitate all withdrawals. We are also working with various exchanges to accommodate any losses they may encouter as a result of the required fork. This is a problem right here. Just because it's stolen does not mean they should be able to arbitrarily reverse the hack. If they're successful at hard forking, this will set precedence that any time there is a theft reported, devs can just hard fork again. This will eventually be abused, and corruption happens. True on the bright side at least it was not the Bitcoin accounts that got broken into Always scary when an exchange gets hacked Title: Re: Mintpal hacked (VeriCoin) Post by: gustav on July 13, 2014, 11:01:58 PM Quote 1) We lost a considerable amount of VeriCoin in the attack, however we have been working with the VRC developers and all major exchanges to hard fork the coin at a position before the attack. This will allow us to retrieve the stolen coins and facilitate all withdrawals. We are also working with various exchanges to accommodate any losses they may encouter as a result of the required fork. This is a problem right here. Just because it's stolen does not mean they should be able to arbitrarily reverse the hack. If they're successful at hard forking, this will set precedence that any time there is a theft reported, devs can just hard fork again. This will eventually be abused, and corruption happens. True on the bright side at least it was not the Bitcoin accounts that got broken into Always scary when an exchange gets hacked we don't know that yet. On vrc-thread people say ltc and btc was touched by the hack too. Title: Re: Mintpal hacked (VeriCoin) Post by: micaman on July 13, 2014, 11:49:35 PM Quote 1) We lost a considerable amount of VeriCoin in the attack, however we have been working with the VRC developers and all major exchanges to hard fork the coin at a position before the attack. This will allow us to retrieve the stolen coins and facilitate all withdrawals. We are also working with various exchanges to accommodate any losses they may encouter as a result of the required fork. This is a problem right here. Just because it's stolen does not mean they should be able to arbitrarily reverse the hack. If they're successful at hard forking, this will set precedence that any time there is a theft reported, devs can just hard fork again. This will eventually be abused, and corruption happens. True on the bright side at least it was not the Bitcoin accounts that got broken into Always scary when an exchange gets hacked Title: Re: Mintpal hacked (VeriCoin) Post by: foodies123 on July 14, 2014, 12:03:28 AM Quote 1) We lost a considerable amount of VeriCoin in the attack, however we have been working with the VRC developers and all major exchanges to hard fork the coin at a position before the attack. This will allow us to retrieve the stolen coins and facilitate all withdrawals. We are also working with various exchanges to accommodate any losses they may encouter as a result of the required fork. This is a problem right here. Just because it's stolen does not mean they should be able to arbitrarily reverse the hack. If they're successful at hard forking, this will set precedence that any time there is a theft reported, devs can just hard fork again. This will eventually be abused, and corruption happens. True on the bright side at least it was not the Bitcoin accounts that got broken into Always scary when an exchange gets hacked mintpal was most likely keeping it all in a hotwallet staking the shiznit out of it because you know ... profits. Title: Re: Mintpal hacked (VeriCoin) Post by: Petr1fied on July 14, 2014, 12:07:05 AM The whole idea of rolling back a blockchain because an exchange lost coins is ridiculous. Mintpal should make good on the losses out of their own pocket for their sheer incompetence. Even if it means the death of their exchange and the collapse of the market value of VRC.
If they can't secure their customers coins and aren't prepared to pay for their own mistakes in the event of a security breach then they don't deserve to be in business. Title: Re: Mintpal hacked (VeriCoin) Post by: micaman on July 14, 2014, 12:23:04 AM The whole idea of rolling back a blockchain because an exchange lost coins is ridiculous. Mintpal should make good on the losses out of their own pocket for their sheer incompetence. Even if it means the death of their exchange and the collapse of the market value of VRC. Exactly.If they can't secure their customers coins and aren't prepared to pay for their own mistakes in the event of a security breach then they don't deserve to be in business. Mintpal Hack "attacker targeted BTC, LTC, and VRC" - P. Nosker, Vericoin Dev https://bitcointalk.org/index.php?topic=602041.msg7821972#msg7821972 Title: Re: Mintpal hacked (VeriCoin) Post by: ThousandFaces on July 14, 2014, 12:23:48 AM I am not nearly as well versed as most people on here when it comes to the inner workings of crypto on the development level. When I read this press release I thought to myself that this is terribly scary that developers can just decide activity is no longer valid should they choose. I thought to myself that I must be missing something because it is the opposite of crypto's intentions. I came across this thread and can see that clearly many people agree with me.
What a shameful thing VRC developers did today. The responsibility for reimbursement falls on MintPal. That being said, I like MP. Exchanges get hacked, people get hacked, it's the way this crypto-world works right now, unfortunately. And even the biggest stock exchanges get hacked. So anyone pretending that a hacking incident is somehow a black dot, get over it. The next couple of days will dictate whether they are big boys and girls and handle this properly, or not. If they don't and this type of thing keeps happening, then I will change my mind... Best of luck to everyone out there! Title: Re: Mintpal hacked (VeriCoin) Post by: sirsmokesalot on July 14, 2014, 12:50:39 AM I am not nearly as well versed as most people on here when it comes to the inner workings of crypto on the development level. When I read this press release I thought to myself that this is terribly scary that developers can just decide activity is no longer valid should they choose. I thought to myself that I must be missing something because it is the opposite of crypto's intentions. I came across this thread and can see that clearly many people agree with me. What a shameful thing VRC developers did today. The responsibility for reimbursement falls on MintPal. That being said, I like MP. Exchanges get hacked, people get hacked, it's the way this crypto-world works right now, unfortunately. And even the biggest stock exchanges get hacked. So anyone pretending that a hacking incident is somehow a black dot, get over it. The next couple of days will dictate whether they are big boys and girls and handle this properly, or not. If they don't and this type of thing keeps happening, then I will change my mind... Best of luck to everyone out there! I was going to say something, but you said it just as well. Because of the ineptitude of an exchange, the coin rolls back? WOW. Title: Re: Mintpal hacked (VeriCoin) Post by: InvestorPerson on July 14, 2014, 12:54:39 AM AWESOME ;D
from now on, everytime someone doesn't like where coins are moving (be it theft or whatever), they'll just scream HACKERZZ, force a hardfork+rollback, et voila job well done verifunnycoin and mintpal. that's gonna help the whole crypto world sadly the sheep will jump right back at verifunnycoin and put more money in it Title: Re: Mintpal hacked (VeriCoin) Post by: Petr1fied on July 14, 2014, 12:58:44 AM job well done verifunnycoin and mintpal. that's gonna help the whole crypto world sadly the sheep will jump right back at verifunnycoin and put more money in it I think it's more likely that the value of VRC will crash to the floor as a result of this. I'd also expect many people will pull all their coins out of MintPal too, by failing to accept financial responsibility for their incompetence they're going to lose a lot of customers. Title: Re: Mintpal hacked (VeriCoin) Post by: tylerderden on July 14, 2014, 12:59:57 AM Funny how the rival coins come here and talk shit. So if your coin or even bitcoin had HALF of their coins stolen you would what? Close up shop and call it a day? Please. Mintpal fucked up, that is their problem, VRC is doing what they have to to not be killed off. Don't like it go buy your blackcoin then or whatever your into. I find it hard to believe that any of you would let your coin die and let some scumbag thief that is headed to pound-me-in-the-ass-prison keep all your coins, in fact maybe we will get to see one day what your choice is. You don't like the blockchain being set back a few hours but your cool with thieves stealing 2 million dollars from your exchange. Your ok with darkcoin instamining a huge chunk of the coins? Blackcoin guys taking money for some wall street charade that never happened and no refund to the people that paid for it? right.You guys have some fucked up priorities. Sorry but VRC is dealing with a problem that they didn't create to ensure the survival of their coin and any one of you would do the same in a similar situation. Or maybe not, maybe your good with people stealing your shit. I say fuck the thieves, if VRC doesn't survive oh well at least the dirtbags didn't get their payday, Let the chips fall where they may. Pretty sure Satoshi would do whatever to keep the thieves from winning as well. Carry on with your bullshit...
Title: Re: Mintpal hacked (VeriCoin) Post by: tylerderden on July 14, 2014, 01:01:17 AM How many times has darkcoin hard-forked again?
Title: Re: Mintpal hacked (VeriCoin) Post by: damiano on July 14, 2014, 01:03:44 AM Does Bittrex keep their coins in cold storage?
Title: Re: Mintpal hacked (VeriCoin) Post by: InvestorPerson on July 14, 2014, 01:09:50 AM Does Bittrex keep their coins in cold storage? would you believe they do if they say so? mintpal told the same, now it seems they did not Title: Re: Mintpal hacked (VeriCoin) Post by: Dread Pirate Roberts on July 14, 2014, 01:17:15 AM you must read full
We would like to personally extend our thanks to the VeriCoin developers and the other exchanges who have pulled out all of the stops to ensure that your VRC funds are safe. Title: Re: Mintpal hacked (VeriCoin) Post by: Petr1fied on July 14, 2014, 01:25:05 AM Nobody wants to see a thief prevail but on the flip side of the coin Mintpal should not be rewarded for their incompetence. If they hold all their VRC coins in a hot wallet you can be sure that this kind of thing is endemic across their site.
If they lose their customers BTC or LTC in the same manner there is no way the developers will roll back the blockchain for them. Title: Re: Mintpal hacked (VeriCoin) Post by: cinnamon_carter on July 14, 2014, 01:29:08 AM strange days indeedd
the bank robberies of the 21st century Title: Re: Mintpal hacked (VeriCoin) Post by: Kuttingcorners on July 14, 2014, 01:33:58 AM Quote 1) We lost a considerable amount of VeriCoin in the attack, however we have been working with the VRC developers and all major exchanges to hard fork the coin at a position before the attack. This will allow us to retrieve the stolen coins and facilitate all withdrawals. We are also working with various exchanges to accommodate any losses they may encouter as a result of the required fork. This is a problem right here. Just because it's stolen does not mean they should be able to arbitrarily reverse the hack. If they're successful at hard forking, this will set precedence that any time there is a theft reported, devs can just hard fork again. This will eventually be abused, and corruption happens. Thats exactly how I would have said it ( if I was the one who stole the coins )!!!!!!!!!!!!! Honestly though we should tip this guy a bit because he showed us the weakness of the exchange and coin!!! Title: Re: Mintpal hacked (VeriCoin) Post by: Kuttingcorners on July 14, 2014, 01:54:05 AM I think ANYWAY to get money out of scammers hands is the way to go. i wish i knew who the guy who scammed me was, i would fly down to his shitwater town and smack him with a frying pan
Title: Re: Mintpal hacked (VeriCoin) Post by: ThousandFaces on July 14, 2014, 01:54:32 AM Funny how the rival coins come here and talk shit. So if your coin or even bitcoin had HALF of their coins stolen you would what? Close up shop and call it a day? Please. Mintpal fucked up, that is their problem, VRC is doing what they have to to not be killed off. Don't like it go buy your blackcoin then or whatever your into. I find it hard to believe that any of you would let your coin die and let some scumbag thief that is headed to pound-me-in-the-ass-prison keep all your coins, in fact maybe we will get to see one day what your choice is. You don't like the blockchain being set back a few hours but your cool with thieves stealing 2 million dollars from your exchange. Your ok with darkcoin instamining a huge chunk of the coins? Blackcoin guys taking money for some wall street charade that never happened and no refund to the people that paid for it? right.You guys have some fucked up priorities. Sorry but VRC is dealing with a problem that they didn't create to ensure the survival of their coin and any one of you would do the same in a similar situation. Or maybe not, maybe your good with people stealing your shit. I say fuck the thieves, if VRC doesn't survive oh well at least the dirtbags didn't get their payday, Let the chips fall where they may. Pretty sure Satoshi would do whatever to keep the thieves from winning as well. Carry on with your bullshit... Clearly you own VRC. You emphasized everyone's point in your childish rant. You're right, VRC didn't create the problem, that's why they should back off. They are extending their hand of power where it doesn't belong. ...and I will make sure to follow your posts more often now that I know you're Satoshi's PR frontman. Title: Re: Mintpal hacked (VeriCoin) Post by: alani123 on July 14, 2014, 02:03:24 AM Some people never learn. Exchanges made months ago will surely have unexpoited security holes. Hell, there are even services that set up an exchange for you for a fee. If you want to trade your coins, do in in one of the old and established exchanges that have proven themselves for being stable and safe. It's surprising to me that exchanges like mintpal, with a HUGE daily volume can't find people to deal with their issues. This whole hack would have been prevented by hiring someone to look at the code fulltime. And what's their solution? They ask the developers to hadfork the network just to cover their asses.
Title: Re: Mintpal hacked (VeriCoin) Post by: smoothie on July 14, 2014, 02:19:29 AM Quote Please read the entirety of this post. A few hours ago we were unfortunately the subject of a successful attack against the exchange. Our investigations have shown that whilst our security was breached, VeriCoin was the target. We would like to stress that VeriCoin and the VeriCoin network has not been in any way compromised. We have worked to secure the exchange and the withdraw process from any further attack. As it stands at the moment the following applies: 1) We lost a considerable amount of VeriCoin in the attack, however we have been working with the VRC developers and all major exchanges to hard fork the coin at a position before the attack. This will allow us to retrieve the stolen coins and facilitate all withdrawals. We are also working with various exchanges to accommodate any losses they may encouter as a result of the required fork. 2) We are currently processing withdrawals for all other coins. As I'm sure you will appreciate, our support channels will most likely be very busy over the coming hours/days so please bear with us. We would like to personally extend our thanks to the VeriCoin developers and the other exchanges who have pulled out all of the stops to ensure that your VRC funds are safe. https://support.mintpal.com/index.php?module=announce&sec=view&id=17 (https://support.mintpal.com/index.php?module=announce&sec=view&id=17) LOL there are no do-overs in the real world. Imagine if the Bitcoin devs said "okay 750,000BTC were stolen from MTGOX" let us roll back to before the loss and restore the coins. lol If the entire network doesn't want to rollback good luck. :D Title: Re: Mintpal hacked (VeriCoin) Post by: smoothie on July 14, 2014, 02:24:33 AM I would like to know how many VRC were stolen/lost.
Title: Re: Mintpal hacked (VeriCoin) Post by: smoothie on July 14, 2014, 02:35:31 AM The whole idea of rolling back a blockchain because an exchange lost coins is ridiculous. Mintpal should make good on the losses out of their own pocket for their sheer incompetence. Even if it means the death of their exchange and the collapse of the market value of VRC. If they can't secure their customers coins and aren't prepared to pay for their own mistakes in the event of a security breach then they don't deserve to be in business. A roll-back and hard fork would be the equivalent to BAIL OUTS of the big banks in 2008. Fucking retarded. Title: Re: Mintpal hacked (VeriCoin) Post by: smoothie on July 14, 2014, 02:55:10 AM Looks like the devs will fork:
VeriCoin will hard fork to a checkpoint a few hours ago just before the attack on MintPal. MintPal has agreed to cover losses relating to the hack. VeriCoin is fine, there are no vulnerabilities. We had to decide between hard forking prior to the attack or letting MintPal fall and the thief keeping the 8 million VRC that was stolen. We chose the option that we thought would be best for the coin. We will be releasing a new wallet with a fix shortly. Good luck to all who hold and use VRC. This sets a precedent. VRC is now forkable if someone fucks up in their exchange management. Title: Re: Mintpal hacked (VeriCoin) Post by: pineapples on July 14, 2014, 03:15:49 AM or. a short lesson on how to reverse irreversible transactions, and make a trustless system reliant on centralised agreement. Title: Re: Mintpal hacked (VeriCoin) Post by: smoothie on July 14, 2014, 03:17:44 AM or. a short lesson on how to reverse irreversible transactions, and make a trustless system reliant on centralised agreement. POTAYTO, POTAHTO....same thing. Title: Re: Mintpal hacked (VeriCoin) Post by: Bobsurplus on July 14, 2014, 03:24:02 AM SO has a rollback happened, or is this all just talk so far?
Title: Re: Mintpal hacked (VeriCoin) Post by: adhitthana on July 14, 2014, 03:46:32 AM The whole idea of rolling back a blockchain because an exchange lost coins is ridiculous. Mintpal should make good on the losses out of their own pocket for their sheer incompetence. Even if it means the death of their exchange and the collapse of the market value of VRC. A roll-back and hard fork would be the equivalent to BAIL OUTS of the big banks in 2008.If they can't secure their customers coins and aren't prepared to pay for their own mistakes in the event of a security breach then they don't deserve to be in business. Fucking retarded. I wonder though if there is a way to trade coins without having to reply on an exchange? Is that what blackhalo does in some way. I'd be pretty concerned if this was due to MP trying to stake the coins and thus leaving them online. Maybe we need exchanges to be more transparent Title: Re: Mintpal hacked (VeriCoin) Post by: nwfella on July 14, 2014, 03:55:45 AM Vericoin...to big to fail!! :p
Title: Re: Mintpal hacked (VeriCoin) Post by: smoothie on July 14, 2014, 04:20:02 AM The whole idea of rolling back a blockchain because an exchange lost coins is ridiculous. Mintpal should make good on the losses out of their own pocket for their sheer incompetence. Even if it means the death of their exchange and the collapse of the market value of VRC. A roll-back and hard fork would be the equivalent to BAIL OUTS of the big banks in 2008.If they can't secure their customers coins and aren't prepared to pay for their own mistakes in the event of a security breach then they don't deserve to be in business. Fucking retarded. I wonder though if there is a way to trade coins without having to reply on an exchange? Is that what blackhalo does in some way. I'd be pretty concerned if this was due to MP trying to stake the coins and thus leaving them online. Maybe we need exchanges to be more transparent Rolling back would be the same thing as producing money out of thin air...moving it magically from one wallet to another. Title: Re: Mintpal hacked (VeriCoin) Post by: Whatzhub on July 14, 2014, 04:26:15 AM I've just caught up with the forum threads and not sure that an average person/investor would have the time to go through all the arguments of the hard fork posted here.
If in any case, they would be reading up the official statements from the Vericoin Developers here: http://www.vericoin.info/downloads/Statement.pdf (http://www.vericoin.info/downloads/Statement.pdf) And the official statements from the Mintpal Exchange here: https://support.mintpal.com/index.php?module=announce&sec=view&id=17 (https://support.mintpal.com/index.php?module=announce&sec=view&id=17) What an average person would probably pick up from this would be: 1. Mintpal's security has been breached and hacked, hence less trust & extra caution to use them in the future 2. Vericoin's developers have stepped up to help protect the coin as well as it's community and investors 3. Rules are made to be broken, and it's up to whether you would prefer Batman (one who breaks rules and steps up to do the right thing) or the Cold Ruthless Law that states that there is nothing that can be done against a theft as it is against all principles of how a crypto should be. Common sense with the right morals/survival mindset > Cold-hard principles/rules Just my sharing. Title: Re: Mintpal hacked (VeriCoin) Post by: CLains on July 14, 2014, 05:23:52 AM I think these hackers are always out to get my most successful altcoin investments, first blackcoin and now vericoin. fml
Title: Re: Mintpal hacked (VeriCoin) Post by: KrLos on July 14, 2014, 05:41:33 AM This is sad...
I was thinking in invest in this Coin, but with this Fork in the BlockChain I will never invest on it. Title: Re: Mintpal hacked (VeriCoin) Post by: smoothie on July 14, 2014, 05:45:35 AM This is sad... I was thinking in invest in this Coin, but with this Fork in the BlockChain I will never invest on it. Good call. It is obvious that anyone who knows how the trust part of cryptos works that is if you remove that trust and do what you want that it will tarnish the coin forever. Title: Spoetnik Approved™ Post by: Spoetnik on July 14, 2014, 06:12:54 AM The whole idea of rolling back a blockchain because an exchange lost coins is ridiculous. Mintpal should make good on the losses out of their own pocket for their sheer incompetence. Even if it means the death of their exchange and the collapse of the market value of VRC. If they can't secure their customers coins and aren't prepared to pay for their own mistakes in the event of a security breach then they don't deserve to be in business. correct. Title: Spoetnik Approved™ Post by: Spoetnik on July 14, 2014, 06:14:21 AM job well done verifunnycoin and mintpal. that's gonna help the whole crypto world sadly the sheep will jump right back at verifunnycoin and put more money in it I think it's more likely that the value of VRC will crash to the floor as a result of this. I'd also expect many people will pull all their coins out of MintPal too, by failing to accept financial responsibility for their incompetence they're going to lose a lot of customers. correct again. Title: Re: Mintpal hacked (VeriCoin) Post by: Spoetnik on July 14, 2014, 06:16:01 AM strange days indeedd the bank robberies of the 21st century many are inside jobs.. still considered a bank robbery or just plain greed & corruption ? Title: Re: Mintpal hacked (VeriCoin) Post by: Spoetnik on July 14, 2014, 06:21:44 AM I think ANYWAY to get money out of scammers hands is the way to go. i wish i knew who the guy who scammed me was, i would fly down to his shitwater town and smack him with a frying pan hey tough guy you know what NO Regulation means ? It means what you said is a real crime in pretty much any part of the world vs exploiting a coin is not. So you see how the concept of law works ? The coin scammer would be laughing at you as your hauled away to jail and he could probably even file a civil lawsuit against you as he keeps 100% of the coins, legally. Smarten up.. and quit being little anti-regulation crypto idiots people. you can't have your cake and eat it too ! If a thief steals your coins too fuckin' bad cry babies.. suck it up ! Or get your ass in gear and ask for regulation.. one or the other. really sick of all your hypocrites spouting off endlessly ::) Title: Re: Mintpal hacked (VeriCoin) Post by: adhitthana on July 14, 2014, 06:22:04 AM Rolling back would be the same thing as producing money out of thin air...moving it magically from one wallet to another. Except that no new coins were created. Title: Re: Mintpal hacked (VeriCoin) Post by: adhitthana on July 14, 2014, 06:31:24 AM With any crypto currency there is always the risk that parties will co-operate to change things. Though I stand to be corrected on this.
Certain parties co-operated to change some transactions. That is fair enough I think. That risk will always be possible with crypto coins. I think the whole thing is good because it demonstrates what coins really are. Without community the whole experiment can't work anyway. Title: Re: Mintpal hacked (VeriCoin) Post by: Amph on July 14, 2014, 07:00:14 AM so now the password are compromised?
Title: Re: Mintpal hacked (VeriCoin) Post by: smoothie on July 14, 2014, 07:22:31 AM Rolling back would be the same thing as producing money out of thin air...moving it magically from one wallet to another. Except that no new coins were created. That's not the point. The point is the old coins were put back where they came from. Essentially a bank bail out. The first one in crypto history. Title: Re: Mintpal hacked (VeriCoin) Post by: XbladeX on July 14, 2014, 07:40:44 AM Rolling back would be the same thing as producing money out of thin air...moving it magically from one wallet to another. Except that no new coins were created. Anyway VRC broke here "unbreakable" rule crypto is not paypal you can not charge back... many coins were hacked before and recovered ?... I know many coins who were damaged by thief BTC - GOX, LTC BTC-e, Doge - online wallet,DRK - Poloniex 300k , BC - crypto rush... and much more coins but general rule here was simple crypto you can't charge back that was main point of crypto no one can stop it: government, stake holders,thiefs... BTC and alts all the time learn other how important it to not keep all money on any exchange... Whole situation is shady because mostly save only big exchange... POS system is secure as they stakeholders are when VRC community decided keep 1/3 of all supply in one place they provoked such situation... Title: Re: Mintpal hacked (VeriCoin) Post by: freedomno1 on July 14, 2014, 07:49:45 AM I've just caught up with the forum threads and not sure that an average person/investor would have the time to go through all the arguments of the hard fork posted here. If in any case, they would be reading up the official statements from the Vericoin Developers here: http://www.vericoin.info/downloads/Statement.pdf (http://www.vericoin.info/downloads/Statement.pdf) And the official statements from the Mintpal Exchange here: https://support.mintpal.com/index.php?module=announce&sec=view&id=17 (https://support.mintpal.com/index.php?module=announce&sec=view&id=17) What an average person would probably pick up from this would be: 1. Mintpal's security has been breached and hacked, hence less trust & extra caution to use them in the future 2. Vericoin's developers have stepped up to help protect the coin as well as it's community and investors 3. Rules are made to be broken, and it's up to whether you would prefer Batman (one who breaks rules and steps up to do the right thing) or the Cold Ruthless Law that states that there is nothing that can be done against a theft as it is against all principles of how a crypto should be. Common sense with the right morals/survival mindset > Cold-hard principles/rules Just my sharing. Was looking for this in the main thread Neat so its to prevent total collapse although central coinage in one address is not uncommon in crypto even Bitcoin still has it fairly centralized in a sense to who owns the most coins. But anyways first chargeback in a sense guess it can still be done in the early stages in the future this would destabilize it's functionality severely. Off to observe how this turns out. Title: Re: Mintpal hacked (VeriCoin) Post by: superresistant on July 14, 2014, 07:50:56 AM Why don't Vericoin community use the decentralized Nxt asset exchange ? Title: Re: Mintpal hacked (VeriCoin) Post by: Evilish on July 14, 2014, 07:56:02 AM And what will happen to all the transactions that took place after the hack, they will also be void if I'm not wrong? I don't own any VeriCoins but just concerned about the people who bought coins after this incident took place.
Title: Re: Mintpal hacked (VeriCoin) Post by: XbladeX on July 14, 2014, 08:01:12 AM Why don't Vericoin community use the decentralized Nxt asset exchange ? Probaly for same reason that they keep 1/3 of all coins in one place for convenience and laziness. They use exchange like online wallet. Anyway i think that p2p solutions are future of crypto Assent exchange is ok , Counterparty exchange too, bithalo + nighttrader (more solution we have then better for crypto ) at some point people will atop and realize that centralized exchange give more damage that profit for us all. And what will happen to all the transactions that took place after the hack, they will also be void if I'm not wrong? I don't own any VeriCoins but just concerned about the people who bought coins after this incident took place. transaction will be rejected...merchants and other exchanges will lose BTC because of that hack this is side effect of roll back. they are talking that there was no too many trades so they can reverse all - all depends how much BTC attacked has stolen already... before those BTC/VRC was stole from exchange now coins will be stolen from merchants and individual traders who were trading with thief. Title: Re: Mintpal hacked (VeriCoin) Post by: adhitthana on July 14, 2014, 08:19:08 AM Rolling back would be the same thing as producing money out of thin air...moving it magically from one wallet to another. Except that no new coins were created. A bail out (if we want to make it like the recent bank bailouts) would mean the total coin supply was adjusted and the new coins would replace the stolen ones at the exchange, whilst the stolen coins also exist. Title: Re: Mintpal hacked (VeriCoin) Post by: adhitthana on July 14, 2014, 08:26:08 AM And what will happen to all the transactions that took place after the hack, they will also be void if I'm not wrong? I don't own any VeriCoins but just concerned about the people who bought coins after this incident took place. Mintpal has said they will make good on any transactions that happened afterwards if anyone lost out. Read that here.http://www.vericoin.info/downloads/Statement.pdf Title: Re: Mintpal hacked (VeriCoin) Post by: vual on July 14, 2014, 08:32:10 AM mintpals fuck up...
mintpal pays... if this is hardforked i loose all faith.... we all know mintpal are not the most trusted exchange out there, the leaders in faking volume and stealing spreads.... what a big shit storm hey. Title: Re: Mintpal hacked (VeriCoin) Post by: adhitthana on July 14, 2014, 08:35:28 AM Here is Mintpal answering some questions. https://support.mintpal.com/index.php?module=announce&sec=view&id=18
Title: Re: Mintpal hacked (VeriCoin) Post by: seljak on July 14, 2014, 08:50:18 AM I sold a car and recieved VRC as payment. After fork my funds are gone. What can i do? ...a speculative question but still can someone give me an answer? VRC team is a disgrace to crypto world.
Title: Re: Mintpal hacked (VeriCoin) Post by: boxuser on July 14, 2014, 08:51:17 AM i really hope Credits CRD will be released soon then stuff like that will be completely a thing of the past :)
Title: Re: Mintpal hacked (VeriCoin) Post by: phzi on July 14, 2014, 08:53:27 AM I sold a car and recieved VRC as payment. After fork my funds are gone. What can i do? ...a speculative question but still can someone give me an answer? VRC team is a disgrace to crypto world. This is precicely why this rollback is absurd.In this case, you should probably take legal action against the VeriCoin devs and possibly MintPal. Title: Re: Mintpal hacked (VeriCoin) Post by: crunck on July 14, 2014, 08:54:12 AM Quote 1) We lost a considerable amount of VeriCoin in the attack, however we have been working with the VRC developers and all major exchanges to hard fork the coin at a position before the attack. This will allow us to retrieve the stolen coins and facilitate all withdrawals. We are also working with various exchanges to accommodate any losses they may encouter as a result of the required fork. This is a problem right here. Just because it's stolen does not mean they should be able to arbitrarily reverse the hack. If they're successful at hard forking, this will set precedence that any time there is a theft reported, devs can just hard fork again. This will eventually be abused, and corruption happens. I agree with you right here. This is a very scary thought that people can just hard fork and wipe out a load of transactions as above, this will ultimately end up being abused, whilst I sympathise with the loss incured, it is at the end of the day mintpal's problem not everyone else that will now be included in this fork. Not good news I dont think ! Title: Re: Mintpal hacked (VeriCoin) Post by: crunck on July 14, 2014, 08:58:33 AM Here is Mintpal answering some questions. https://support.mintpal.com/index.php?module=announce&sec=view&id=18 How did the attack happen? The malicious user was able to inject a withdrawal request directly into our database bypassing the risk control measures that we have in place. We have found no evidence that our server infrastructure was directly accessed in the attack. Thats there problem not everyone else's that will be affected, I feel for vericoin as well as there is sure to be some serious dumping going on, cashing out, then after a fork they get it all back. Un believable Title: Re: Mintpal hacked (VeriCoin) Post by: IanFoxley on July 14, 2014, 08:59:56 AM I sold a car and recieved VRC as payment. After fork my funds are gone. What can i do? ...a speculative question but still can someone give me an answer? VRC team is a disgrace to crypto world. This is precicely why this rollback is absurd.In this case, you should probably take legal action against the VeriCoin devs and possibly MintPal. Title: Re: Mintpal hacked (VeriCoin) Post by: seljak on July 14, 2014, 09:00:40 AM I sold a car and recieved VRC as payment. After fork my funds are gone. What can i do? ...a speculative question but still can someone give me an answer? VRC team is a disgrace to crypto world. This is precicely why this rollback is absurd.In this case, you should probably take legal action against the VeriCoin devs and possibly MintPal. Title: Re: Mintpal hacked (VeriCoin) Post by: viking_coin on July 14, 2014, 09:02:15 AM I sold a car and recieved VRC as payment. After fork my funds are gone. What can i do? ...a speculative question but still can someone give me an answer? VRC team is a disgrace to crypto world. I would contact the person that sent you the payment. Hopefully he will be understanding and resend the payment. Title: Re: Mintpal hacked (VeriCoin) Post by: IanFoxley on July 14, 2014, 09:02:38 AM I sold a car and recieved VRC as payment. After fork my funds are gone. What can i do? ...a speculative question but still can someone give me an answer? VRC team is a disgrace to crypto world. This is precicely why this rollback is absurd.In this case, you should probably take legal action against the VeriCoin devs and possibly MintPal. Yes, but the difference here, is that, if you sold a car to someone, you would have their name, address, phone number. It is a bit harder for them to just run off and hide away. Title: Re: Mintpal hacked (VeriCoin) Post by: seljak on July 14, 2014, 09:10:04 AM I sold a car and recieved VRC as payment. After fork my funds are gone. What can i do? ...a speculative question but still can someone give me an answer? VRC team is a disgrace to crypto world. This is precicely why this rollback is absurd.In this case, you should probably take legal action against the VeriCoin devs and possibly MintPal. Yes, but the difference here, is that, if you sold a car to someone, you would have their name, address, phone number. It is a bit harder for them to just run off and hide away. Run and hide? He could laugh in my face. The contract was signed by buyer and seller that the goods were recieved by both sides. Only after 12 hours some geek decided to give my funds back to the seller. Title: Re: Mintpal hacked (VeriCoin) Post by: stealth923 on July 14, 2014, 09:15:04 AM I find it very hard to believe if you managed to hack into the mintpal wallet area of an exchange why you would specifically target VRC which wasn't worth much....You would clearly target BTC, LTC or Dark...
I would bet this was somehow an inside job either with VRC dev's and someone inside Mintpal hence why the decision to rollback was such an easy out. IMO mintpal are at fault and should pay - have no idea why VRC dev's would alter their coin for an exchange unless theres some shady business on the backend. Title: Re: Mintpal hacked (VeriCoin) Post by: XbladeX on July 14, 2014, 09:19:48 AM ... I would bet this was somehow an inside job either with VRC dev's and someone inside Mintpal hence why the decision to rollback was such an easy out. ... i agree with that something is wrong around whole situation... Title: Re: Mintpal hacked (VeriCoin) Post by: adhitthana on July 14, 2014, 09:47:59 AM ... i agree with that something is wrong around whole situation...I would bet this was somehow an inside job either with VRC dev's and someone inside Mintpal hence why the decision to rollback was such an easy out. ... Title: Re: Mintpal hacked (VeriCoin) Post by: adhitthana on July 14, 2014, 09:51:17 AM IMO mintpal are at fault and should pay Mintpal are paying anyone who lost out.Quote - have no idea why VRC dev's would alter their coin for an exchange unless theres some shady business on the backend. They did not want a bad actor controlling and staking 30% of the coins, they said.Title: Re: Mintpal hacked (VeriCoin) Post by: TR8888 on July 14, 2014, 09:57:29 AM Absolute madness, Mintpal was hacked to due their incompetence.. They should replace the funds themselves, Yes even if this means Mintpal go bust and VRC crashes. This is the ONLY option!! Rollback? Who the fuck do they think they are? Paypal?
http://static.giantbomb.com/uploads/original/0/4355/1145798-941670_937204_facepalm_implied_super_super.jpg Title: Re: Mintpal hacked (VeriCoin) Post by: smoothie on July 14, 2014, 10:02:09 AM IMO mintpal are at fault and should pay Mintpal are paying anyone who lost out.Quote - have no idea why VRC dev's would alter their coin for an exchange unless theres some shady business on the backend. They did not want a bad actor controlling and staking 30% of the coins, they said.SO what happens when another theft of 10% or 20% of the coin supply happens? Where is the cut off? Who decides this? No main stream business will ever accept VRC for payment because of this precedent they just set off today. Title: Re: Mintpal hacked (VeriCoin) Post by: smoothie on July 14, 2014, 10:03:09 AM Absolute madness, Mintpal was hacked to due their incompetence.. They should replace the funds themselves, Yes even if this means Mintpal go bust and VRC crashes. This is the ONLY option!! Rollback? Who the fuck do they think they are? Paypal? http://static.giantbomb.com/uploads/original/0/4355/1145798-941670_937204_facepalm_implied_super_super.jpg "VeriCoin, The PayPal of Crypto" Title: Re: Mintpal hacked (VeriCoin) Post by: TR8888 on July 14, 2014, 10:04:27 AM Absolute madness, Mintpal was hacked to due their incompetence.. They should replace the funds themselves, Yes even if this means Mintpal go bust and VRC crashes. This is the ONLY option!! Rollback? Who the fuck do they think they are? Paypal? http://static.giantbomb.com/uploads/original/0/4355/1145798-941670_937204_facepalm_implied_super_super.jpg "VeriCoin, The Crypto Mintpal finished off Corrected. Title: Re: Mintpal hacked (VeriCoin) Post by: Equate on July 14, 2014, 10:07:11 AM So many incidents in the past but exchanges are not gonna learn anything.
Title: Re: Mintpal hacked (VeriCoin) Post by: venlo on July 14, 2014, 10:12:11 AM summary:
-suspicions raised this could be part of a larger social experiment -coin named after human implantable RFID-chip (http://en.wikipedia.org/wiki/VeriChip) -exchange in the City of London fucks up causing: -transactions are reversed where is my tinfoil-hat? Title: Re: Mintpal hacked (VeriCoin) Post by: drkman on July 14, 2014, 10:14:35 AM Anyway, gentlemen... Not everybody would be able to perform such an attack, and other coins could have been targeted (sayings that BTC and LTC also got affected are around), so if such a skilled perpetrators chose VRC there are only two choices, either they felt their investments in other coins was threatened by VRC or to cause severe panic and buy on dumps. You mean we should buy the mess out of Vericoin because even the cheaters and thieves know it is going much higher than here.It is quite clear what both of those situations mean, every one should get their own conclusion. Eth. Title: Re: Mintpal hacked (VeriCoin) Post by: XbladeX on July 14, 2014, 10:15:26 AM ... i agree with that something is wrong around whole situation...I would bet this was somehow an inside job either with VRC dev's and someone inside Mintpal hence why the decision to rollback was such an easy out. ... If there was BIG deal around and we didn't saw it... some one with BIG BTC wallet could force rollback IMO. This is only one of many theories there is MANY BC clones XC Cloack Cry and more more - mostly POW coins are benefits (BTC,LTC are winners here ) of whole shit storm because they have shown that idiots who keep coins 1/3 of all on one exchange they blame exchange for manipulation but not themselves... And now best: solution to attacks possible with 20%-35% attacks are known: NOVA coin use (balanced weighting scheme.) PPC ( centralized check-pointing ) BC ( POS 2.0 join both + coing age modification ) while VRC will solve it by rollback is that true way to do it ? Here source of info: ___________________________________________________________ Issues/controversies Stake generation issues ( http://coinwiki.info/en/Novacoin ) The main proof-of-stake design problem is that unlike proof-of-work hashing rate, stake weight could be used multiple times without any overhead. It allows potential attacker to repeat his attempts to generate consecutive stakes until he will get lucky enough. And there is high probability to success without holding large stake, 20–25% of total weight (not coins) will be more than enough. Attacker can retry his attempts to generate consecutive stakes 1,000, 50,000, or 1 million times without any problem, using the same outputs.[12][13] This could be worked around using centralized check-pointing. Novacoin creators resolved this issue using balanced weighting scheme.[14] Title: Re: Mintpal hacked (VeriCoin) Post by: rix5 on July 14, 2014, 10:37:20 AM mintpal said hackers were able to "inject a withdrawal request directly into our database". I call bullshit. Only vrc were stolen.
https://twitter.com/casacup/status/488609939892740096 Title: Re: Mintpal hacked (VeriCoin) Post by: adhitthana on July 14, 2014, 10:37:27 AM Absolute madness, Mintpal was hacked to due their incompetence.. They should replace the funds themselves, Yes even if this means Mintpal go bust and VRC crashes. This is the ONLY option!! Rollback? Who the fuck do they think they are? Paypal? Why is that the only option?Is there some law that says that people are not allowed to do what Mintpal did? Who wrote that law and where did they write it? Title: Re: Mintpal hacked (VeriCoin) Post by: rix5 on July 14, 2014, 10:40:02 AM just get it: it is all one fucking lie!
Mintpal was not hacked! Gox was not hacked. Coinex was not hacked. It is all one fucking lie. probably to invite regulation, get you used to the idea of rollbacks, steal your funds over and over again and god knows what Title: Re: Mintpal hacked (VeriCoin) Post by: Specialrigs on July 14, 2014, 11:02:43 AM mintpal said hackers were able to "inject a withdrawal request directly into our database". I call bullshit. Only vrc were stolen. https://twitter.com/casacup/status/488609939892740096 A mysql query injection? That's a site security hole, and could potentially affect any coin. That makes little sense. If they were able to inject a query into the database, why not steal other coins? Title: Re: Mintpal hacked (VeriCoin) Post by: adhitthana on July 14, 2014, 11:14:31 AM mintpal said hackers were able to "inject a withdrawal request directly into our database". I call bullshit. Only vrc were stolen. https://twitter.com/casacup/status/488609939892740096 A mysql query injection? That's a site security hole, and could potentially affect any coin. That makes little sense. If they were able to inject a query into the database, why not steal other coins? According to Mintpal and linked to earlier. Quote Why was only VRC taken? We're not exactly sure why VRC was the only coin taken, however we can confirm that BTC and LTC were targeted, but those withdraw attempts were unsuccessful owing to far more stringent COLD storage methods on those wallets. Which sounds strange because Mintpal admitted that the problem was they had far too many VRC in the hot wallet. Quote What about COLD storage? This is perhaps the most important question we have been asked. We did have COLD storage setup for VRC, however in this instance, due to an error for which only we can be accountable, we had transferred far fewer coins than was required, resulting in a large proportion of coins being left in the HOT wallet. An error?? Title: Re: Mintpal hacked (VeriCoin) Post by: stealth923 on July 14, 2014, 11:25:51 AM mintpal said hackers were able to "inject a withdrawal request directly into our database". I call bullshit. Only vrc were stolen. https://twitter.com/casacup/status/488609939892740096 A mysql query injection? That's a site security hole, and could potentially affect any coin. That makes little sense. If they were able to inject a query into the database, why not steal other coins? According to Mintpal and linked to earlier. Quote Why was only VRC taken? We're not exactly sure why VRC was the only coin taken, however we can confirm that BTC and LTC were targeted, but those withdraw attempts were unsuccessful owing to far more stringent COLD storage methods on those wallets. Which sounds strange because Mintpal admitted that the problem was they had far too many VRC in the hot wallet. Quote What about COLD storage? This is perhaps the most important question we have been asked. We did have COLD storage setup for VRC, however in this instance, due to an error for which only we can be accountable, we had transferred far fewer coins than was required, resulting in a large proportion of coins being left in the HOT wallet. An error?? If the SQL injection attack worked on Veri it would have worked on the Litecoin, bitcoin Hotwallets Mintpal are clearly working with Veri to cover this up....its really shady...once its pinpointed - you can say goodbye to Mintpal Title: Re: Mintpal hacked (VeriCoin) Post by: cech4204a on July 14, 2014, 11:35:24 AM Damn, nothing is safe today...i don't know if those are fake attacks or real ones, since some exchanges could fake hacks and get money from users.
Title: Re: Mintpal hacked (VeriCoin) Post by: Wulfcastle on July 14, 2014, 12:03:24 PM mintpal said hackers were able to "inject a withdrawal request directly into our database". I call bullshit. Only vrc were stolen. https://twitter.com/casacup/status/488609939892740096 This, why would the hackers just take VRC, when they could've taken BTC or looted the whole exchange. Also MintPal in their statement says "there no reason to believe there's anything wrong with our security", well that right there is a major security hole, the hacker could inject another withdrawal request again on any coin they like as MintPal have done nothing really to secure their site. Title: Re: Mintpal hacked (VeriCoin) Post by: flipme on July 14, 2014, 12:46:47 PM mintpal said hackers were able to "inject a withdrawal request directly into our database". I call bullshit. Only vrc were stolen. https://twitter.com/casacup/status/488609939892740096 A mysql query injection? That's a site security hole, and could potentially affect any coin. That makes little sense. If they were able to inject a query into the database, why not steal other coins? According to Mintpal and linked to earlier. Quote Why was only VRC taken? We're not exactly sure why VRC was the only coin taken, however we can confirm that BTC and LTC were targeted, but those withdraw attempts were unsuccessful owing to far more stringent COLD storage methods on those wallets. Which sounds strange because Mintpal admitted that the problem was they had far too many VRC in the hot wallet. Quote What about COLD storage? This is perhaps the most important question we have been asked. We did have COLD storage setup for VRC, however in this instance, due to an error for which only we can be accountable, we had transferred far fewer coins than was required, resulting in a large proportion of coins being left in the HOT wallet. An error?? If the SQL injection attack worked on Veri it would have worked on the Litecoin, bitcoin Hotwallets Mintpal are clearly working with Veri to cover this up....its really shady...once its pinpointed - you can say goodbye to Mintpal Not necessarily, if those databases contain another level of transaction auditing before execution. I doubt they use MySQL. It would be interesting to know which middleware its made with. Nobody in its right mind would use PHP for a financial transaction system anyway, but thats probably whats used for most of the exchanges. The lack of adoption of standards for such systems is a major culprit for all of these bo-peep exchanges. Most of it is home-knit crap, based on completely unaudited frameworks. Thats also the reason why integration into existing financial clearing networks is almost impossible for them. Title: Re: Mintpal hacked (VeriCoin) Post by: Petr1fied on July 14, 2014, 01:31:57 PM People stating that nobody will lose money over this are naive. If the fork goes through then yes people will get their VRC refunded to them but ask yourself this question:
What will happen once the BTC/VRC market is reopened on the various exchanges? The answer is simple, the majority of people are going to dump all of their VRC for BTC and those who are too slow are going to be left bagholding severely devalued VRC. They will be the real losers if the hard fork goes through. I personally have no stake in VRC (and never will now). The precedent being set by the VRC devs makes the coin worthless from my point of view. It's not the responsibility of coin devs to protect the interests of coin exchanges. Every single transaction can be traced back to it's very origin in a blockchain. A better option would have been for Mintpal to step up and compensate their customers out of their own BTC for their now imaginary VRC and if the VRC devs wanted to roll out a hard fork, the extent of which should extend to some kind of global warning if the coins that have been received originate from the malicious transactions. This would make the stolen coins worthless and easy for an exchange to confiscate should they be transferred to one. Title: Re: Mintpal hacked (VeriCoin) Post by: newuser01 on July 14, 2014, 01:40:30 PM So a hardfork because Mintpal's security was bad?
VRC = decentralized Title: Re: Mintpal hacked (VeriCoin) Post by: feina24h on July 14, 2014, 01:49:42 PM So a hardfork because Mintpal's security was bad? VRC = decentralized Bad idea to hardfork but who will pay the users who lost there money > Mintpal ;) Title: Re: Mintpal hacked (VeriCoin) Post by: gloryninja on July 14, 2014, 01:56:56 PM We should have a bounty on the heads of the hackers. find them and name them. When cryptorush got hacked i was like f*** this... when bittrex got hacked , i was losing it. This cannot go on for longer!
Title: Re: Mintpal hacked (VeriCoin) Post by: niothor on July 14, 2014, 02:09:02 PM Quote 1) We lost a considerable amount of VeriCoin in the attack, however we have been working with the VRC developers and all major exchanges to hard fork the coin at a position before the attack. This will allow us to retrieve the stolen coins and facilitate all withdrawals. We are also working with various exchanges to accommodate any losses they may encouter as a result of the required fork. This is a problem right here. Just because it's stolen does not mean they should be able to arbitrarily reverse the hack. If they're successful at hard forking, this will set precedence that any time there is a theft reported, devs can just hard fork again. This will eventually be abused, and corruption happens. Indeed , we right now have a centralized coin with vericoin. They have shown they can reverse any transaction on their own. There is no difference between vericoin and fiat money right now. Title: Re: Mintpal hacked (VeriCoin) Post by: Nullu on July 14, 2014, 02:36:43 PM As others have said a rollback completely undermines decentralised cryptocurrency, and the coin shouldn't be made to pay for Mintpal's negligence.
They should instead be talking about compensating the people who's coins were stolen, not looking for a way to dodge their responsibilities as an exchange. Their security failed, they are responsible. What happens to all the people who bought VeriCoins after the attack on the blockchain? Title: Re: Mintpal hacked (VeriCoin) Post by: Wulfcastle on July 14, 2014, 04:47:18 PM Read this in the VRC thread and had to post it here :
Here's another thought: What if the devs didn't agree to a rollback? Do you really think Mintpal could pay back 2 million dollars? What if they just closed up shop and took off with everyone's coins? What would you all be saying then? Now that really is an interesting point. What if the VRC devs didn't agree to fork VeriCoin and save investors money, how would MintPal be able to pay back $2M worth of damages, would it be Gox 2.0 - Revenge of the Altcoins? Anyway MintPal have handled this situation so badly to the extent that Cryptsy seems safe again. But in all seriousness, there is no really trusted exchange anymore, that accolade went to MintPal whom have lost it with this fiasco. Furthermore all the "major" alt-coin exchanges barring Crypty (which is even worse) have been hacked. Poloniex was hacked a while ago, Bittrex the same and now MintPal. Title: Re: Mintpal hacked (VeriCoin) Post by: smalltimer on July 14, 2014, 05:05:31 PM also interesting: mintpal didn't even go into maintenance mode after the "attack". They were able to write a statement and continue business as usual without even one minute of downtime. Nothing was shut down (besides vrc), not a second. Is that what you'd expect to happen after their wallets for btc, ltc were attacked and 8mln vrc stolen? I also have serious doubts about this whole story.
Title: Re: Mintpal hacked (VeriCoin) Post by: Wulfcastle on July 14, 2014, 05:10:57 PM also interesting: mintpal didn't even go into maintenance mode after the "attack". They were able to write a statement and continue business as usual without even one minute of downtime. Nothing was shut down (besides vrc), not a second. Is that what you'd expect to happen after their wallets for btc, ltc were attacked and 8mln vrc stolen? I also have serious doubts about this whole story. Exactly, there was not a single minute of downtime. You'd think that they'd at least halt all trades and temporarily shut down the exchange to inspect the hack and stop it from happening again or at least secure all their hot wallets to minimize attack vectors, but no everything just remained as it was. Their official statement was basically this : "Well we got hacked, we don't know how, but there's no reason to believe it will happen again. Just go about your business as usual" Title: Re: Mintpal hacked (VeriCoin) Post by: Luror on July 14, 2014, 06:16:47 PM People stating that nobody will lose money over this are naive. If the fork goes through then yes people will get their VRC refunded to them but ask yourself this question: +1What will happen once the BTC/VRC market is reopened on the various exchanges? The answer is simple, the majority of people are going to dump all of their VRC for BTC and those who are too slow are going to be left bagholding severely devalued VRC. They will be the real losers if the hard fork goes through. I personally have no stake in VRC (and never will now). The precedent being set by the VRC devs makes the coin worthless from my point of view. It's not the responsibility of coin devs to protect the interests of coin exchanges. Every single transaction can be traced back to it's very origin in a blockchain. A better option would have been for Mintpal to step up and compensate their customers out of their own BTC for their now imaginary VRC and if the VRC devs wanted to roll out a hard fork, the extent of which should extend to some kind of global warning if the coins that have been received originate from the malicious transactions. This would make the stolen coins worthless and easy for an exchange to confiscate should they be transferred to one. Title: Re: Mintpal hacked (VeriCoin) Post by: mr_random on July 14, 2014, 06:33:04 PM I suspect the theft is larger than Mintpal are letting on. In terms of, other coins were stolen too. But the damage was limited because they were using proper cold storage for the other coins, so they only lost a small percentage of customer funds. If they don't announce it, they won't get a flood of people panicking and taking all their coins off the exchange.
We've all seen what's happened with mtgox. You can't trust these exchanges to tell the truth when it comes to hacks. It doesn't make sense to me that only Vericoin was stolen. It makes more sense that many coins took a hit, but only Vericoin got hit hard because of no cold storage and everything being in the hot wallet. That's my opinion anyway, obviously I have no proof so take it how you want. Title: Re: Mintpal hacked (VeriCoin) Post by: bitwho on July 14, 2014, 06:54:00 PM also interesting: mintpal didn't even go into maintenance mode after the "attack". They were able to write a statement and continue business as usual without even one minute of downtime. Nothing was shut down (besides vrc), not a second. Is that what you'd expect to happen after their wallets for btc, ltc were attacked and 8mln vrc stolen? I also have serious doubts about this whole story. Exactly, there was not a single minute of downtime. You'd think that they'd at least halt all trades and temporarily shut down the exchange to inspect the hack and stop it from happening again or at least secure all their hot wallets to minimize attack vectors, but no everything just remained as it was. Their official statement was basically this : "Well we got hacked, we don't know how, but there's no reason to believe it will happen again. Just go about your business as usual" yeah. it was down for maintenance for me. please do your research before talking FUD Title: Re: Mintpal hacked (VeriCoin) Post by: smalltimer on July 14, 2014, 06:57:39 PM also interesting: mintpal didn't even go into maintenance mode after the "attack". They were able to write a statement and continue business as usual without even one minute of downtime. Nothing was shut down (besides vrc), not a second. Is that what you'd expect to happen after their wallets for btc, ltc were attacked and 8mln vrc stolen? I also have serious doubts about this whole story. Exactly, there was not a single minute of downtime. You'd think that they'd at least halt all trades and temporarily shut down the exchange to inspect the hack and stop it from happening again or at least secure all their hot wallets to minimize attack vectors, but no everything just remained as it was. Their official statement was basically this : "Well we got hacked, we don't know how, but there's no reason to believe it will happen again. Just go about your business as usual" yeah. it was down for maintenance for me. please do your research before talking FUD i was online at that time and i didn't notice any downtime. I was using their site and all that happend was the vrc-market was removed after the tweet popped up. That is what i experienced. I was able to withdraw my coins and all. Title: Re: Mintpal hacked (VeriCoin) Post by: smalltimer on July 14, 2014, 07:02:51 PM look at the charts. Trading was going on all the time:
https://bitcoinwisdom.com/markets/mintpal/cloakbtc there was no downtime as bitcoinwisdom clearly shows Title: Re: Mintpal hacked (VeriCoin) Post by: flipme on July 14, 2014, 07:07:04 PM Heres a picture of the internals of your favorite altcoin exchange
http://www.firefun-feuerwerk.de/shop/images/product_images/popup_images/91_0.jpg Title: Re: Mintpal hacked (VeriCoin) Post by: smoothie on July 14, 2014, 09:26:47 PM I suspect the theft is larger than Mintpal are letting on. In terms of, other coins were stolen too. But the damage was limited because they were using proper cold storage for the other coins, so they only lost a small percentage of customer funds. If they don't announce it, they won't get a flood of people panicking and taking all their coins off the exchange. We've all seen what's happened with mtgox. You can't trust these exchanges to tell the truth when it comes to hacks. It doesn't make sense to me that only Vericoin was stolen. It makes more sense that many coins took a hit, but only Vericoin got hit hard because of no cold storage and everything being in the hot wallet. That's my opinion anyway, obviously I have no proof so take it how you want. This is my guess as well. Time will tell if that was true. Most of the VRC supporters have resorted to slurs, insults, and personal attacks if you post on the "official" VRC thread. Title: Screw Mintpal & VeriCoin Post by: Spoetnik on July 14, 2014, 09:36:47 PM Read this in the VRC thread and had to post it here : Here's another thought: What if the devs didn't agree to a rollback? Do you really think Mintpal could pay back 2 million dollars? What if they just closed up shop and took off with everyone's coins? What would you all be saying then? Now that really is an interesting point. What if the VRC devs didn't agree to fork VeriCoin and save investors money, how would MintPal be able to pay back $2M worth of damages, would it be Gox 2.0 - Revenge of the Altcoins? Anyway MintPal have handled this situation so badly to the extent that Cryptsy seems safe again. But in all seriousness, there is no really trusted exchange anymore, that accolade went to MintPal whom have lost it with this fiasco. Furthermore all the "major" alt-coin exchanges barring Crypty (which is even worse) have been hacked. Poloniex was hacked a while ago, Bittrex the same and now MintPal. they have prob made 2 million dollars in Votes so far.. their reputation for draining us dry for paid votes is legendary BEFORE the alleged VRC hack.. i also think its unlikely they were hacked and are lying about it or even worse just idiots running an un-secure exchange. nap time is over babies.. we don't need rinky dink clowns in crypto trying to half ass it.. it's 2014 and we need professional services. Screw em and screw VRC i won't touch either one ever ! And i never used GOX either because the writing was on the wall looooooong before they shut down. problem is we have delusional moron fanboys cheerleading crap coins and services.. blind to reality. Ya wanna be dumb and kiss ass go for it.. lemme know how that works out for ya. And i would be saying Mintpal is within their right to close shop and walk away the coins if they wanted to.. After all this is an unregulated market so tough fucking titty cry babies. Wanna be able to call the cops ? Then i suggest you all start voting for regulations.. I say congrats to Mark from GOX he made off with all your money and your all morons if you didn't see it a year or two in advance. You all wanna keep screeching Free Market and defending the sleaziest of shitty clone coins posted daily ? well suck it and quit being little bitches about it. and realize Mark taught you guys a life lesson.. don't be a moron. Just cross your fingers you can convince the next dev to fork the coin lol Because the hacker got away and he WILL try again lol Hope you got the big box of bandaids from Costco (rather than fixing the core problem) Title: Re: Screw Mintpal & VeriCoin Post by: Wulfcastle on July 14, 2014, 09:56:49 PM Read this in the VRC thread and had to post it here : Here's another thought: What if the devs didn't agree to a rollback? Do you really think Mintpal could pay back 2 million dollars? What if they just closed up shop and took off with everyone's coins? What would you all be saying then? Now that really is an interesting point. What if the VRC devs didn't agree to fork VeriCoin and save investors money, how would MintPal be able to pay back $2M worth of damages, would it be Gox 2.0 - Revenge of the Altcoins? Anyway MintPal have handled this situation so badly to the extent that Cryptsy seems safe again. But in all seriousness, there is no really trusted exchange anymore, that accolade went to MintPal whom have lost it with this fiasco. Furthermore all the "major" alt-coin exchanges barring Crypty (which is even worse) have been hacked. Poloniex was hacked a while ago, Bittrex the same and now MintPal. they have prob made 2 million dollars in Votes so far.. their reputation for draining us dry for paid votes is legendary BEFORE the alleged VRC hack.. i also think its unlikely they were hacked and are lying about it or even worse just idiots running an un-secure exchange. nap time is over babies.. we don't need rinky dink clowns in crypto trying to half ass it.. it's 2014 and we need professional services. Screw em and screw VRC i won't touch either one ever ! And i never used GOX either because the writing was on the wall looooooong before they shut down. problem is we have delusional moron fanboys cheerleading crap coins and services.. blind to reality. Ya wanna be dumb and kiss ass go for it.. lemme know how that works out for ya. And i would be saying Mintpal is within their right to close shop and walk away the coins if they wanted to.. After all this is an unregulated market so tough fucking titty cry babies. Wanna be able to call the cops ? Then i suggest you all start voting for regulations.. I say congrats to Mark from GOX he made off with all your money and your all morons if you didn't see it a year or two in advance. You all wanna keep screeching Free Market and defending the sleaziest of shitty clone coins posted daily ? well suck it and quit being little bitches about it. and realize Mark taught you guys a life lesson.. don't be a moron. Just cross your fingers you can convince the next dev to fork the coin lol Because the hacker got away and he WILL try again lol Hope you got the big box of bandaids from Costco (rather than fixing the core problem) I don't see myself using MintPal again after this fiasco. The trading volume is dropping like a rock. Secondly I think this entire story is complete b/s. There have been many exchanges hacked before and they've given adequate information as to how the hacks have taken place either to rebuild trust or to prevent other exchanges from falling prey to similar attack vectors. MintPal in their "official statement" basically said "Oh well, we got hacked, we're not sure how it happened, but we don't think it'll happen again" There's another plausible theory I dug up on Reddit : Quote If a hacker could have injected any withdrawal why didn't they take the bitcoins, darkcoins or litecoins? The official story is complete bullshit. This was a problem with the new vericoin wallet, that is why the rollback included a rollback on the wallet version. Basically some people suspect there was a problem with the VeriCoin wallet, which is true seeing as the wallet versions were also supposedly rolled back (I'm guessing that this means released features in the wallet are now non-existent) Title: Re: Mintpal hacked (VeriCoin) Post by: Hueristic on July 14, 2014, 10:00:45 PM Antonopolis bailing because the door of transparency is closing is a huge RED FLAG, as I see it. Quote from: Antonopolis I didn’t quit bitcoin, I quit the foundation, there’s a difference. I’m as committed as ever to bitcoin, more so in fact. Sheeesh! Title: Re: Mintpal hacked (VeriCoin) Post by: adhitthana on July 14, 2014, 10:12:35 PM Were they able to roll back the transactions only because so little time had passed?
Would they have been able to roll them back a week or a month? Title: Re: Mintpal hacked (VeriCoin) Post by: TsuyokuNaritai on July 14, 2014, 10:39:57 PM A big red flag people seem to have missed from Mintpal's announcement (https://support.mintpal.com/index.php?module=announce&sec=view&id=18). Even though they admit their fault...
Quote Investigation has shown that due to an error on our part users who had not refreshed the page since the market was suspended were still able to enter orders successfully. Quote We did have COLD storage setup for VRC, however in this instance, due to an error for which only we can be accountable, we had transferred far fewer coins than was required, resulting in a large proportion of coins being left in the HOT wallet. ...they still basically say that if Vericoin hadn't agreed to the rollback, then rather than eating the loss themselves they'd have passed it to holders of Vericoin on their exchange. Quote The VeriCoin that you hold on the MintPal exchange will be unaffected thanks to the VeriCoin developers. As we previously announced, the VRC developers have worked tirelessly to perform something never before done by a cryptocurrency and rollback the blockchain in order to reverse the two malicious transactions. This was not done out of a desire to save MintPal, but rather a desire to save your coins. http://www.thewhistleblowers.org/wp-content/uploads/2014/06/warning-41.gif Title: Re: Mintpal hacked (VeriCoin) Post by: Bobsurplus on July 14, 2014, 10:48:18 PM WTF, I only found one real article on this situation so far and they seem to praise VRC for the rollback.
http://www.cryptocoinsnews.com/news/mintpal-gets-hacked-pos-vericoin-hardfork-result/2014/07/13 Cryptocoinsnews is now dead to me! Title: Re: Mintpal hacked (VeriCoin) Post by: XbladeX on July 14, 2014, 11:41:24 PM WTF, I only found one real article on this situation so far and they seem to praise VRC for the rollback. http://www.cryptocoinsnews.com/news/mintpal-gets-hacked-pos-vericoin-hardfork-result/2014/07/13 Cryptocoinsnews is now dead to me! I have to agree... Title: Re: Mintpal hacked (VeriCoin) Post by: freedomno1 on July 15, 2014, 12:42:11 AM i know almost nothing about the inner mechanic of crypto so forgive me if this sounds dumb but if most vrc users don't agree with the reset what is to stop them staying with current chain and that taking over as the authentic vrc? will their wallets stop syncing or something? A network needs to have over 50% of the network to support a new chain and the miners must make a consensus for it to switch. A similar thing happened in Bitcoin and its called a fork the shorter chain is abandoned and the longer chain is kept but if the miners disagree then I guess nothing could really be done about it. https://bitcoin.org/en/alert/2013-03-11-chain-fork http://bitcoinmagazine.com/3668/bitcoin-network-shaken-by-blockchain-fork/ Basically if I read it correct the devs reverted it to previous the mintpal transaction and then had a new client accept from that block onwards. http://www.cryptocoinsnews.com/news/mintpal-gets-hacked-pos-vericoin-fork-result/2014/07/13 Mintpal was in control of 30% of existing VeriCoin, all of which was stolen by a yet unidentified hacker. Mintpal has emphasized to its users that they are still processing withdrawals for all other coins; however, they have not revealed the exact vector of the attack. Mintpal and other VRC exchanges have worked directly with VeriCoin developers to come up with a seemingly satisfactory solution for all parties involved (except the hacker): VeriCoin is going to fork. By forking, VeriCoin can, in effect, reset their blockchain to just before the security breach at Mintpal. In this way, all the VeriCoin that was stolen is put back in control of Mintpal, who will then reimburse their own VeriCoin holders and traders manually. Outside of exchanges, all VeriCoin transactions that occurred after 2AM EST 7/13/14 will be erased in this “theft reversal process.” From the perspective of VeriCoin investors, a fork is indeed preferable to an unknown and presumably malicious entity being in control of 30% of a Proof of Stake (PoS) altcoin. In contrast to Proof of Work (PoW) altcoins, PoS altcoins such as VeriCoin generate new coins by “staking” existing coins. The “staking” process replaces the mining process as the consensus mechanism; however, all of the existing pressures in the Bitcoin mining world translate to PoS in some way, shape, or form. As such, a single entity controlling 30% of the total supply of VeriCoin is equivalent to a single entity controlling 30% of the Bitcoin mining network and is more centralization than most digital currency enthusiasts are able to stomach. Mintpal’s breach reveals that 30% of the total supply of VeriCoin was being held on MintPal, and not being staked and used for anything besides trading. Instead of holding VeriCoin on a centralized, and thus vulnerable, exchange, VeriCoin developers reminded VeriCoin investors in their statement that “staking your VeriCoin in the wallet is the best decentralized solution.” Title: Re: Mintpal hacked (VeriCoin) Post by: gustav on July 15, 2014, 02:04:21 AM [...] Mintpal was in control of 30% of existing VeriCoin, all of which maybe was stolen by a yet unidentified hacker. [...] fixed it for you Title: Re: Mintpal hacked (VeriCoin) Post by: usahero on July 15, 2014, 02:09:33 AM I agree with rollback. These coins are like playmoney. I don't take them very seriously.
Title: try me.. Post by: Spoetnik on July 15, 2014, 04:20:36 AM I mentioned how Cryptsy was hacked a few pages back here and i have been getting PM's since..
just now i went to Cryptsy and right away that cocky fucking prick Jshock who always acts like a fucking jerk went on to threaten me then banned me LOL hey fucktards.. news flash being a chat box moderator does not make your a big-shot. i saved the chat log too so he can't play dumb about how it went down too. PS: What i said in part of my first comment on this topic is 100% accurate and honest. that is it. PPS: Buckle up it's gonna be a bumpy ride :) Title: Re: Mintpal hacked (VeriCoin) Post by: CryptsyJim on July 15, 2014, 04:22:53 AM Quote 1) We lost a considerable amount of VeriCoin in the attack, however we have been working with the VRC developers and all major exchanges to hard fork the coin at a position before the attack. This will allow us to retrieve the stolen coins and facilitate all withdrawals. We are also working with various exchanges to accommodate any losses they may encouter as a result of the required fork. This is a problem right here. Just because it's stolen does not mean they should be able to arbitrarily reverse the hack. If they're successful at hard forking, this will set precedence that any time there is a theft reported, devs can just hard fork again. This will eventually be abused, and corruption happens. agreed and this reminds me of the BTER / NXT hack other day and the JPC / Allcrypt hack the other month. on one hand i think we gotta play by the rules.. bear with me on this lol Ok so we have a lawless market right ? Then in all fairness it's to the exchanges to run their business how they see fit period. BUT I don't like what these guys are doing.. I myself think if they stole the coins then oh well they are stolen and that is the end of it. Hard forking a coin or other dumb measures is undermining Crypto bit by bit. a lot of negative precedents are being set more frequently and unless Regulation is put in place and fast i am getting out of this shit scam pit of bullshit scene. edit: This shit is getting out of hand.. It also reminds me of Cryptsy getting hacked for Points couple weeks back.. A guy exploited the exchange and dumped Cryptsy "Points" down to about 4 sat's The exchange rolled it back but guys got fucked over because they sold other coins to buy up cheap points.. so Cryptsy rolled back the changes on points leaving anyone that dumped their coins earlier kinda fucked over.. as i was told by users who did this. AND the guy who hacked it popped up after a week and i had a little chat with him and turns out he robbed the place for a bit more than 89k usd after cashing out. He was laughing his ass off asking me directly what he should spend it on. Crypsty was not hacked, and no funds were removed from site. We did have a bug that was exploited in the points market, but it was quickly found and corrected. No funds were removed. Title: Re: Mintpal hacked (VeriCoin) Post by: Bluestreet on July 15, 2014, 04:32:57 AM Quote 1) We lost a considerable amount of VeriCoin in the attack, however we have been working with the VRC developers and all major exchanges to hard fork the coin at a position before the attack. This will allow us to retrieve the stolen coins and facilitate all withdrawals. We are also working with various exchanges to accommodate any losses they may encouter as a result of the required fork. This is a problem right here. Just because it's stolen does not mean they should be able to arbitrarily reverse the hack. If they're successful at hard forking, this will set precedence that any time there is a theft reported, devs can just hard fork again. This will eventually be abused, and corruption happens. agreed and this reminds me of the BTER / NXT hack other day and the JPC / Allcrypt hack the other month. on one hand i think we gotta play by the rules.. bear with me on this lol Ok so we have a lawless market right ? Then in all fairness it's to the exchanges to run their business how they see fit period. BUT I don't like what these guys are doing.. I myself think if they stole the coins then oh well they are stolen and that is the end of it. Hard forking a coin or other dumb measures is undermining Crypto bit by bit. a lot of negative precedents are being set more frequently and unless Regulation is put in place and fast i am getting out of this shit scam pit of bullshit scene. edit: This shit is getting out of hand.. It also reminds me of Cryptsy getting hacked for Points couple weeks back.. A guy exploited the exchange and dumped Cryptsy "Points" down to about 4 sat's The exchange rolled it back but guys got fucked over because they sold other coins to buy up cheap points.. so Cryptsy rolled back the changes on points leaving anyone that dumped their coins earlier kinda fucked over.. as i was told by users who did this. AND the guy who hacked it popped up after a week and i had a little chat with him and turns out he robbed the place for a bit more than 89k usd after cashing out. He was laughing his ass off asking me directly what he should spend it on. Crypsty was not hacked, and no funds were removed from site. We did have a bug that was exploited in the points market, but it was quickly found and corrected. No funds were removed. There are 2 new alt coins that are really trying to be real, NOBL and Guldencoin - NLG. It's the only 2 coins besides btc I trust right now. Exchanges so far bittrex has impressed me a lot, I probably would use Cryptsy if they added a Guldencoin - USD pairing in the future. The truth is when it comes to exchanges they add the coins who are backed by the richest scammers and coins where price is easily manipulated. AKA PoS coins with 5 million and under supply. Title: Re: Mintpal hacked (VeriCoin) Post by: Alphi on July 15, 2014, 04:43:22 AM I suspect the theft is larger than Mintpal are letting on. In terms of, other coins were stolen too. But the damage was limited because they were using proper cold storage for the other coins, so they only lost a small percentage of customer funds. If they don't announce it, they won't get a flood of people panicking and taking all their coins off the exchange. We've all seen what's happened with mtgox. You can't trust these exchanges to tell the truth when it comes to hacks. It doesn't make sense to me that only Vericoin was stolen. It makes more sense that many coins took a hit, but only Vericoin got hit hard because of no cold storage and everything being in the hot wallet. That's my opinion anyway, obviously I have no proof so take it how you want. I agree, mintpal have already stated that it was not a fault with the vericoin network but a fault in their withdrawal system.. if you read between the lines this means that any and all coin hot wallets on the exchange could potentially have been raided. by how much, we will probably never know.. ofcourse the other possibility is that the thieves stole some insignificant amount of BTC and some LTC... hit the jackpot with VRC at which time someone at mintpal noticed the extremely large withdraw and then hit the halt button on all other withdraws. I think the mintpal community needs to push for an audit of all coins on that exchange. there may be other events where coins were stolen but mintpal has not yet discovered them. at this point to continue trading as they have, mintpal are either extremely confident with their security measures or living in blissful ignorance. lets hope we don't get goxed again... the world doesn't need another Mark Karpeles. Title: Re: Mintpal hacked (VeriCoin) Post by: Litesire on July 15, 2014, 04:45:46 AM Quote 1) We lost a considerable amount of VeriCoin in the attack, however we have been working with the VRC developers and all major exchanges to hard fork the coin at a position before the attack. This will allow us to retrieve the stolen coins and facilitate all withdrawals. We are also working with various exchanges to accommodate any losses they may encouter as a result of the required fork. This is a problem right here. Just because it's stolen does not mean they should be able to arbitrarily reverse the hack. If they're successful at hard forking, this will set precedence that any time there is a theft reported, devs can just hard fork again. This will eventually be abused, and corruption happens. agreed and this reminds me of the BTER / NXT hack other day and the JPC / Allcrypt hack the other month. on one hand i think we gotta play by the rules.. bear with me on this lol Ok so we have a lawless market right ? Then in all fairness it's to the exchanges to run their business how they see fit period. BUT I don't like what these guys are doing.. I myself think if they stole the coins then oh well they are stolen and that is the end of it. Hard forking a coin or other dumb measures is undermining Crypto bit by bit. a lot of negative precedents are being set more frequently and unless Regulation is put in place and fast i am getting out of this shit scam pit of bullshit scene. edit: This shit is getting out of hand.. It also reminds me of Cryptsy getting hacked for Points couple weeks back.. A guy exploited the exchange and dumped Cryptsy "Points" down to about 4 sat's The exchange rolled it back but guys got fucked over because they sold other coins to buy up cheap points.. so Cryptsy rolled back the changes on points leaving anyone that dumped their coins earlier kinda fucked over.. as i was told by users who did this. AND the guy who hacked it popped up after a week and i had a little chat with him and turns out he robbed the place for a bit more than 89k usd after cashing out. He was laughing his ass off asking me directly what he should spend it on. Crypsty was not hacked, and no funds were removed from site. We did have a bug that was exploited in the points market, but it was quickly found and corrected. No funds were removed. There are 2 new alt coins that are really trying to be real, NOBL and Guldencoin - NLG. It's the only 2 coins besides btc I trust right now. Exchanges so far bittrex has impressed me a lot, I probably would use Cryptsy if they added a Guldencoin - USD pairing in the future. The truth is when it comes to exchanges they add the coins who are backed by the richest scammers and coins where price is easily manipulated. AKA PoS coins with 5 million and under supply. Cryptsy would still need to add Guldencoin to there exchange for NLG/USD pairing. I agree though it's one of the hidden gems amongst the cesspit called the altcoin market. Adding coins like guildencoin gives legitimacy to this environment. Title: Re: Mintpal hacked (VeriCoin) Post by: InvestorPerson on July 15, 2014, 05:38:33 AM having a way of trading decentralized, now that would be the holy grail of cryptos
the only way of losing your coins would be through your own incompetence. that said, i moved 90%+ of all my stuff from mintpal Title: Re: Mintpal hacked (VeriCoin) Post by: Spoetnik on July 15, 2014, 05:48:46 AM i see you saying it was a "BUG" ::)
and i created a separate topic (about Cryptsy) so i don't keep going on about it here. I put it all on the table and others can decide.. all i can say is i don't post false information.. what i said was honest (as always) I would never knowingly post false information on purpose and i find it extremely offensive i was just told that by Cryptsy staff ! I also had already talked to Bitjohn politely i might add and i told him via pm here i was just relaying what i heard basically. And if after that he asked me to clarify an earlier post ? i would have said ya no problem. So AFTER i commented here i got PM's from BitJohn and i thought that was the end of it.. i assumed he or others posted back here clarifying what they wanted on the record etc. But it was now JShocks turn to go through it with me in an offensive and confrontational manner starting off when he popped up out of the blue saying he had a bone to pick with me etc and i seriously had no damn idea at all what he was talking about. Ya know if it really isn't a big deal then making it a big deal is pretty dumb lol So instead of the matter being dropped it's getting negative exposure ::) ALL of these exchanges need to be transparent and held accountable and when they play secretive little games then you pay the consequences. Having a hack go down and saying nothing is not going to help matters.. They have to be up front 100% from day one. Title: Re: Mintpal hacked (VeriCoin) Post by: adhitthana on July 15, 2014, 06:25:20 AM [...] Mintpal was in control of 30% of existing VeriCoin, all of which maybe was stolen by a yet unidentified hacker. [...] fixed it for you Title: Re: Mintpal hacked (VeriCoin) Post by: gustav on July 15, 2014, 08:05:34 AM [...] Mintpal was in control of 30% of existing VeriCoin, all of which maybe was stolen by a yet unidentified hacker. [...] fixed it for you we can only guess that. What's the benefit of a rollback? Maybe was a testrun to see if they can get away with a rollback? Maybe want to bring regulation in? Maybe want to establish some kind central of authority (themselves)? We don't even know who mintpal is or what bribes they take from what parties. I don't see any reason to take their word for it at this point. Especially not after coinex. The paranoids were right far too often around here. This is not the place for blind trust, never was. I would recommend to question everything and why wouldn't you? Makes more sense to question their story than to believe things with no proof. I don't even know who is operating mintpal. I only find it highly suspicious they didn't go offline during or after the hack. I also don't like the way the rollback was handled. I have doubts and i think they are valid so why not express them? It is far too easy for an exchange to claim a hack and get their way after that even if none took place. Too many phony hacks. Title: Re: Mintpal hacked (VeriCoin) Post by: XbladeX on July 15, 2014, 09:28:00 AM having a way of trading decentralized, now that would be the holy grail of cryptos the only way of losing your coins would be through your own incompetence. that said, i moved 90%+ of all my stuff from mintpal it is never safe having coins on the exchange... No one will rollback for you but for 30%+ supply all will fork coin... Just fact . Title: Re: Mintpal hacked (VeriCoin) Post by: adhitthana on July 15, 2014, 11:13:22 AM Too many phony hacks. What phony hacks have there been?Title: Re: Mintpal hacked (VeriCoin) Post by: gustav on July 15, 2014, 11:56:34 AM Too many phony hacks. What phony hacks have there been?coinex, gox, cryptorush - mainly coinex was phony as. Look how Karpeles "finds" btc later. Phony as shit. I don't believe a word they say. They all say they were hacked but the truth is very different. You'll see that more often times in the future. They do it because they can. remember this: https://bitcointalk.org/index.php?topic=265277.msg7736137#msg7736137 we are not in lila-land with the heart-bears even if you would like to believe so. Don't trust nobody. Ask questions, demand answers. Othwise you will be screwed over again and again. Title: Re: Mintpal hacked (VeriCoin) Post by: virtapayseller666 on July 15, 2014, 12:36:18 PM thats why price go down
Title: Re: Mintpal hacked (VeriCoin) Post by: micax1 on July 15, 2014, 01:52:47 PM Official story is pretty much sounds fake.
where are stolen BTC and LTC that were in hot wallets? Title: Re: Mintpal hacked (VeriCoin) Post by: XbladeX on July 15, 2014, 02:18:51 PM Official story is pretty much sounds fake. where are stolen BTC and LTC that were in hot wallets? No one who have brain take that shit real... MtGox was collapsing six months ?... I would believe in statement like poloniex or bitcurex had 10% of BTC was stolen but rest was blocked by their security system... Here is to cool to believe in that story... Title: Mintpal hack final summary ? Post by: Spoetnik on July 15, 2014, 03:44:21 PM i agree gustav..
GOX had claimed over 700,000 Bitcoins where hacked and stolen and then he later after talking with his lawyer said he "found" 200,000 Bitcoin to turn in to his lawyer etc.. that says it all i think.. Last i heard he made off with around 500,000 Bitcoins and was last seen using Twitter to post messages about "sunsets" on the beach. Be happy GOX cheerleaders you paid for his beach retreat sunset retirement lol rather than being a fanboy you guys should been holding him to the fire and keeping him accountable.. but you didn't ! and sadly no one in crypto learned squat from GOX. you guys started a lynch mob when he shut Gox's Doors and carried on with the same stupid behavior.. so it will happen again and again.. dumb cheerleaders never learn. I can't believe he was on the Bitcoin foundation board or what ever ROFL In other words you blamed Mark himself for the problem when the problem is the system itself and the lack of regulation. So.. Has there been a summary of what happened at MintPal ? Or do we still know just that little bit of info posted by some guy here in the OP's first comment ? And duuuuuuh... i am NOT asking for hack details so other hackers can do it again.. so don't pull that routine on me. If there is a hack we are entitled to disclosure.. such as what coins were taken.. or was there coins taken off their server etc. And if we don't get it we are within our right to choose another service.. I would advise people check out track records of these places.. hard i know :( Title: Re: Mintpal hacked (VeriCoin) Post by: rugrats on July 15, 2014, 09:27:05 PM I just noticed this particular sentence from a Coindesk article (http://www.coindesk.com/bitcoin-protected-vericoin-stolen-mintpal-wallet-breach/) about the hack.
Quote According to MintPal, only the vericoin wallet was affected during the attack. This includes the database containing sensitive customer information and passwords. Has Mintpal made an official comment about this yet? Has MintPal-Jay (https://bitcointalk.org/index.php?action=profile;u=238724) commented on this yet? Has our password and email been compromised? I urge everyone to be safe and immediately change their Mintpal password. (I have withdrawn everything out of Mintpal a while ago.) Philosophical issues and principals about decentralization should take a back seat first. IMO, the most crucial thing right now is for Mintpal to provide a full disclosure of the incident, including method, vector, scope and resulting remedial actions. Title: Re: Mintpal hacked (VeriCoin) Post by: meganite on July 15, 2014, 10:56:40 PM I just noticed this particular sentence from a Coindesk article (http://www.coindesk.com/bitcoin-protected-vericoin-stolen-mintpal-wallet-breach/) about the hack. Quote According to MintPal, only the vericoin wallet was affected during the attack. This includes the database containing sensitive customer information and passwords. Has Mintpal made an official comment about this yet? Has MintPal-Jay (https://bitcointalk.org/index.php?action=profile;u=238724) commented on this yet? Has our password and email been compromised? I urge everyone to be safe and immediately change their Mintpal password. (I have withdrawn everything out of Mintpal a while ago.) Philosophical issues and principals about decentralization should take a back seat first. IMO, the most crucial thing right now is for Mintpal to provide a full disclosure of the incident, including method, vector, scope and resulting remedial actions. +1 I noticed that too; love how they just slipped it in there at the end. IMO, Mintpal cannot be trusted until further notice. The official explanation makes zero sense, and the targeting of only VRC leaves me scratching my head. Even *if* each coin hot wallet resides in their own discrete server, you're telling me that ONLY VRC was in a hot wallet, and that the hacks ONLY had access to VRC? Please. Mintpal has some MAJOR 'splainin to do, that's for sure. As for VRC, they have proven themselves to be nothing more than a play money PayPal; ladies and gents, the first chargeback in crypto history. Sad day indeed. Title: Re: Mintpal hacked (VeriCoin) Post by: Wulfcastle on July 15, 2014, 11:02:51 PM I just noticed this particular sentence from a Coindesk article (http://www.coindesk.com/bitcoin-protected-vericoin-stolen-mintpal-wallet-breach/) about the hack. Quote According to MintPal, only the vericoin wallet was affected during the attack. This includes the database containing sensitive customer information and passwords. Has Mintpal made an official comment about this yet? Has MintPal-Jay (https://bitcointalk.org/index.php?action=profile;u=238724) commented on this yet? Has our password and email been compromised? I urge everyone to be safe and immediately change their Mintpal password. (I have withdrawn everything out of Mintpal a while ago.) Philosophical issues and principals about decentralization should take a back seat first. IMO, the most crucial thing right now is for Mintpal to provide a full disclosure of the incident, including method, vector, scope and resulting remedial actions. Could be CoinDesk exaggeration again, if not then.... :o Title: Re: Mintpal hacked (VeriCoin) Post by: TR8888 on July 15, 2014, 11:18:22 PM @ IRC
[22:54] <StonedPenguin> According to MintPal, only the vericoin wallet was affected during the attack. This includes the database containing sensitive customer information and passwords. [22:54] <StonedPenguin> http://www.coindesk.com/bitcoin-protected-vericoin-stolen-mintpal-wallet-breach/ [22:55] <StonedPenguin> Have our passwords been compromised? [22:55] <@MintPal-Jason> StonedPenguin: No [22:56] <@MintPal-Jason> The CoinDesk article is worded wrong. We answered that very question on our Q&A post https://support.mintpal.com/index.php?module=announce&sec=view&id=18 Title: Re: Mintpal hacked (VeriCoin) Post by: darkota on July 15, 2014, 11:25:38 PM Another PoS Coin, NavajoCoin, was successfully Doublespent after the attacker claimed over 50% of Navajocoins...
My conclusion? PoS= PIECE OF SHIT. Title: Re: Mintpal hacked (VeriCoin) Post by: Alphi on July 16, 2014, 05:16:43 AM While on one hand, I'm surprised this fork hasn't been used before to solve purported theft issues, as a viable solution to that particular problem, it does create all kinds of other problems, like what about people who made irreversible payments to legitimate payees after the event? It's B.S. it hasn't been used before because the only way to roll back a coin is to essentially destroy every single block containing every single transaction that occurred after the time you want to roll back to. with any large coin economy that would cause major financial chaos. imagine you'd just bought a house or car and your transactions were wiped. worse yet imagine you sold one.... you just got your nice wad of coins and then poof all gone. "sorry we just rolled back because of theft... don't worry mintpal will reimburse you..." given that Vericoin had very few transactions for the period of 8 or so hours between the attack and the rollback the devs took a chance to save their coin. they saved their coin but damaged its reputation and credibility.. only time will tell if it will survive. it was the least destructive thing to do even if the coin suffers for it because very dangerous flaws in mintpal's and PoS coin security were exposed and a thief was denied the spoils of his endeavors. the controversy has sparked fierce debate and everyone involved is much wiser for it and a potential exchange collapse and resulting scandal have been averted Title: Re: Mintpal hacked (VeriCoin) Post by: Spoetnik on July 16, 2014, 05:29:37 AM MintPal owes ALL their success to this forum full of users.
MP should have posted this info first here for us all RIGHT AWAY far before anyone else had a change to start relaying sketchy bits of info. and so far they have had a LONG time to come here and do some explaining. there should have been a new topic created by them posted here for us all to read a full disclosure of what happened PERIOD. Their seemingly endless sketchy behavior with Coin voting crap had already left a very sour taste in my mouth. and That had already prevented me from even considering registering on their site. Their response to this here at the forum guarantees i will never in my life use Mintpal. And it's not because they had security issues.. but because of HOW they handled it. To me ? it's game over.. your done MintPal The next place that can operate with some common sense deserve to take the customers business. They have had LOTS of time to cook up an explanation and simply posting some shit on their Exchange site's Q/A is not acceptable. Did anyone get emails with an explanation on what happened and why and what you should do now ? They KNOW we're all here and we came here before we knew their exchange existed.. so for them to not rush here to post about it, is nuts. I think its clear they didn't say anything here to avoid the matter.. and buy time etc screw em.. get your coins out of there is my opinion or wait for the next "charge back" lol Title: Re: Mintpal hacked (VeriCoin) Post by: AlexAce420 on July 16, 2014, 05:30:13 AM Good thing my VRC are on Cryptsy. :D
Title: Re: Mintpal hacked (VeriCoin) Post by: Alphi on July 16, 2014, 05:32:31 AM Good thing my VRC are on Cryptsy. :D your coins reputation was trashed by mintpal and you think its a good thing you have your coins in cryptsy? Title: Re: Mintpal hacked (VeriCoin) Post by: CodeHunter on July 16, 2014, 06:47:58 AM Vericoin is the only alt that's not a scam. Everything else is crap. They're all shady. While VRC has talented devs that made themselves public. And they're being pragmatic. Title: Re: Mintpal hacked (VeriCoin) Post by: powerguy on July 16, 2014, 10:04:25 AM what is going on with the vericoin any updates is it back to normal now?
Title: Re: Mintpal hacked (VeriCoin) Post by: Hueristic on July 16, 2014, 11:41:46 AM Vericoin is the only alt that's not a scam. Everything else is crap. They're all shady. While VRC has talented devs that made themselves public. And they're being pragmatic. You choose your words poorly. Title: Re: Mintpal hacked (VeriCoin) Post by: Wulfcastle on July 16, 2014, 12:25:23 PM MintPal owes ALL their success to this forum full of users. MP should have posted this info first here for us all RIGHT AWAY far before anyone else had a change to start relaying sketchy bits of info. Virtually every alt-coin owes it's success to this forum. If BitcoinTalk closed down the alt-coin section, most alt-coins would die off, except a rare few which have outgrown BitcoinTalk. Title: Re: Mintpal hacked (VeriCoin) Post by: demgains on July 16, 2014, 02:31:01 PM I moved all my coins off MP to my wallets as well. MP has lost alot of its credibility and I dont see them regaining it anytime soon. Will there ever be an exchange that is credible and transparent?....who knows, but for all investors, don't store your coins on exchanges. I still have .2 BTC worth of a few coins on other exchanges, but they are for not a concern. My MP wallet is now in my own possession, I dont think anyone should trust MP anymore with their money, especially if you hold large amounts of a coin.
Title: Re: Mintpal hacked (VeriCoin) Post by: niothor on July 16, 2014, 03:36:11 PM Vericoin is the only alt that's not a scam. Everything else is crap. They're all shady. While VRC has talented devs that made themselves public. And they're being pragmatic. LMAO! If vericoin is the only alt that is not a scam then cryptos are doomed. I moved all my coins off MP to my wallets as well. MP has lost alot of its credibility and I dont see them regaining it anytime soon. Will there ever be an exchange that is credible and transparent?....who knows, but for all investors, don't store your coins on exchanges. I still have .2 BTC worth of a few coins on other exchanges, but they are for not a concern. My MP wallet is now in my own possession, I dont think anyone should trust MP anymore with their money, especially if you hold large amounts of a coin. People should start to understand that the only coins that are indeed yours are the coins you have in your personal wallet. Coin sitting in exchanges are coin you lend them willingly. Title: Re: Mintpal hacked (VeriCoin) Post by: rippleme on July 16, 2014, 04:27:39 PM I only use exchanges to buy or sell coins the withdraw immediately. As someone mentioned above keep your coins in your wallet, there have been far so many cases of exchange hacking and they won't stop anytime soon.
Title: Re: Mintpal hacked (VeriCoin) Post by: Hueristic on July 16, 2014, 05:12:06 PM I moved all my coins off MP to my wallets as well. MP has lost alot of its credibility and I dont see them regaining it anytime soon. Will there ever be an exchange that is credible and transparent?....who knows, but for all investors, don't store your coins on exchanges. I still have .2 BTC worth of a few coins on other exchanges, but they are for not a concern. My MP wallet is now in my own possession, I dont think anyone should trust MP anymore with their money, especially if you hold large amounts of a coin. I'm liking the way Poloniex Handles themselves. Quote Dear Users of Poloniex, As you may have heard, a hacker recently used an exploit to steal 12.3% of the Bitcoins on Poloniex. Details on how this happened can be found in this announcement post: https://bitcointalk.org/index.php?topic=499580.0 In order to keep Poloniex solvent, all BTC balances were deducted yesterday by 12.3%. No further deductions will occur. As soon as I have time to put it up, you will be able to view exactly how much BTC you are missing on your Balances page. I deeply regret that this happened, and am committed to repaying the debt and making Poloniex absolutely secure. Any exchange fees collected since the incident will be used to pay back the debt at regular intervals. Exchange fees will not be raised. Additionally, shares of Poloniex may be issued, the profits from which would be used to repay the debt and hire highly qualified security experts. The timing and details of this, and indeed whether it will occur, have not been decided. I invite you all to give your input on these decisions by voting in the following poll and, if desired, leaving a comment: https://bitcointalk.org/index.php?topic=500578.0 Since the incident occurred, the way withdrawals and order creation are handled has been redesigned so that all such requests are added to a global command queue, then processed sequentially. More automated checks for consistency of balances have been added. Larger percentages of coins have been moved into cold storage. And as of today, I am searching for additional developers to bolster the security of Poloniex as much as possible, and as soon as possible. Here are some specific details about the hacker. BTC addresses used to withdraw stolen funds to: 1ABnAg2nK3M6YKmaYtL5EBgdp1VQGyTbjL 18sdMt7ENfU3Weq7vy1Qdqr3skgd47WEbe 1Ktq7TE3J5vZ3c99M5weqKfFcNkHQdqPrq 1C1acLbFh3KaKgdFUBuCV8oD7ucqUaLLLY IP addresses used to place the withdrawals: 61.161.143.175 126.11.105.45 122.143.3.144 60.10.69.65 Email addresses used to log in: 373287211@qq.com gasthalter@qq.com group_124@qq.com johnimmi_234@qq.com liuxiaohong_819@qq.com peabody_129@qq.com stevencohen_998@qq.com wangweida_123@qq.com The total BTC stolen was about 97. The addresses will add up to more than that; this is because the hacker needed to deposit BTC several times in order to use the exploit. Finally, I would like to extend my deepest gratitude toward the many people who have shown their support, who have vouched for my character, and who have offered help. In this time of extreme and continual stress and worry, I truly appreciate it. I will do everything in my power to return your funds to you as soon as possible, and I am grateful for your patience in the meantime. Sincerely, Tristan This On I had to prompt them for. Quote Dear Users of Poloniex, As you may have heard, an attempt to hack into Poloniex's hot wallet server via social engineering was made several weeks ago on May 3rd. The attack was successfully repelled and no funds were taken, but as a precaution, the old BTC hot wallet had to be considered compromised. This means that any BTC or XCP addresses generated on or before May 3rd should NOT be used for deposits. This email is notify anyone still using such addresses that funds deposited there will soon no longer be recoverable. Future deposits to such addresses may be LOST. Please do NOT send any more BTC or XCP to any deposit address generated on or before May 3rd. Any BTC or XCP address currently appearing on your Balances page is valid. Thanks, Tristan D'Agosta Poloniex, LLC I am sure they are doing their best and have my trust, for what that is worth. I only use exchanges to buy or sell coins the withdraw immediately. As someone mentioned above keep your coins in your wallet, there have been far so many cases of exchange hacking and they won't stop anytime soon. Tough to do If you want to place walls. Vericoin is the only alt that's not a scam. Everything else is crap. They're all shady. While VRC has talented devs that made themselves public. And they're being pragmatic. LMAO! If vericoin is the only alt that is not a scam then cryptos are doomed. I was more diplomatic in my response! :P Title: Re: Mintpal hacked (VeriCoin) Post by: meganite on July 17, 2014, 03:17:29 AM Vericoin is the only alt that's not a scam. Everything else is crap. They're all shady. While VRC has talented devs that made themselves public. And they're being pragmatic. Ha!!!! We have a talented comedian over here! Title: Re: Mintpal hacked (VeriCoin) Post by: bitwho on July 17, 2014, 03:55:40 AM Vericoin is the only alt that's not a scam. Everything else is crap. They're all shady. While VRC has talented devs that made themselves public. And they're being pragmatic. Ha!!!! We have a talented comedian over here! http://bitinfocharts.com/top-100-richest-vericoin-addresses.html those numbers looks the weakest from all the distribution i have seen so far i believe all coin should have a fair trial but i would be careful being stuck with a bad trade Title: Re: Mintpal hacked (VeriCoin) Post by: adaseb on July 21, 2014, 09:26:47 AM WOW
Seems like this hack pretty much killed the exchange. Pretty much no volume anymore. Everybody moved to Bittrex it seems. Title: Re: Mintpal hacked (VeriCoin) Post by: allyouracid on July 21, 2014, 11:05:36 AM While on one hand, I'm surprised this fork hasn't been used before to solve purported theft issues, as a viable solution to that particular problem, it does create all kinds of other problems, like what about people who made irreversible payments to legitimate payees after the event? It's B.S. it hasn't been used before because the only way to roll back a coin is to essentially destroy every single block containing every single transaction that occurred after the time you want to roll back to. with any large coin economy that would cause major financial chaos. imagine you'd just bought a house or car and your transactions were wiped. worse yet imagine you sold one.... you just got your nice wad of coins and then poof all gone. "sorry we just rolled back because of theft... don't worry mintpal will reimburse you..." given that Vericoin had very few transactions for the period of 8 or so hours between the attack and the rollback the devs took a chance to save their coin. they saved their coin but damaged its reputation and credibility.. only time will tell if it will survive. it was the least destructive thing to do even if the coin suffers for it because very dangerous flaws in mintpal's and PoS coin security were exposed and a thief was denied the spoils of his endeavors. the controversy has sparked fierce debate and everyone involved is much wiser for it and a potential exchange collapse and resulting scandal have been averted See screwup #9 and #8 here: http://www.coindesk.com/9-biggest-screwups-bitcoin-history/ Title: Re: Mintpal hacked (VeriCoin) Post by: testcoin on July 21, 2014, 06:32:09 PM WOW Seems like this hack pretty much killed the exchange. Pretty much no volume anymore. Everybody moved to Bittrex it seems. No surprise. I had no choice but had to withdraw all my funds out of Mintpal too I'm sure most people don't trust Mintpal as a secure exchange anymore since the hacker could successfully injected withdrawal request into their database and got the funds directly It just sounds too terrible Title: Re: Mintpal hacked (VeriCoin) Post by: thecentennial on January 20, 2018, 03:27:51 AM Hey,
I “lost” my VRC when Moolah.io closed its doors. I didn’t receive any emails at the time re the closure and by the time I found out, it was too late. This was back in 2014. I assume my coins are still there on the blockchain (?) and I would dearly love to get my coins back. The VRC price makes my 6,500 coins worth chasing. Was anyone else affected similarly? |
