In any case, what is proof of authority and how does this theft affect Vechain? Do the 1.1 billion tokens held by the hacker make him one of the biggest authorities in the block producing process of the coin?
I am a monkey. Teach me about proof of authority.
December 13, at 8:27 pm Beijing Time, due to human error and the mismanagement of the private key by our staff, the VeChain Foundation buyback address was compromised. After a responsive investigation, the incident was caused by the fact that the private key of buyback address was stolen during the wallet creation process due to the negligence of the staff member.Read in full https://medium.com/@vechainofficial/vechain-foundation-announcement-8459492ee039
