According to my information Smartcash got hacked, the devs confirmed that, but they tried to hide it from the publicIt looks like there is an Exploit for the smartcash blockchain...
Was Smartcash stolen due to an exploit in the Smartcash blockchain ?
Was the purpose of th blockchain rollback was done back to block 266765 8th Jan 2018 09:08:40 to recover funds ?
In a rollback transactions after this block have reverted back to their previous wallets .
How many users, exchanges and miners have lost funds without their consent ?
How much smartcash was taken ? How much smartcash was affected by the rollback ?
Will they be compensated for their losses ? How are you going to compensate them for their losses ?
more information about the situation on the links here->
https://forum.smartcash.cc/t/missing-smartcash-pool-account-balance/2345https://coin.fyi/news/smartcash/cryptopia-hitbtc-users-your-coins-are-not-coming-back-7qr1zfhttps://www.reddit.com/r/smartcash/comments/7r67jx/leaked_email_from_cryptopia_to_smartcash_devs/https://www.reddit.com/r/smartcash/comments/7rnldm/how_to_withdraw_from_cryptopia_just_read_the_news/some news regarding whats happened exactly:Smartcash is based on Zerocoin. Zerocoin had an exploit that was discovered. Extra coins were able to be created due to a Zerocoin code exploit, because the Zerocoin code wasn't fully disabled.
Zerocoin allows the creation of new coins without any transaction history. A hacker exploited that flaw, managed to create and spend coins that didn't exist previously.
The exloit was properly disabled in 0.8.7 but Zerocoin code exploit was accidentally re-introduced in 1.0.
A rollback was done to cancel the extra coins. This means that transactions after block 266765 8th Jan 2018 09:08:40 are cancelled. This would have resulted in loss of some user funds and
cancelled mined blocks.
The miners will be compensated and balances are being settled on exchanges. This will be paid from the hive treasury.
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