Coinbase got drained, but are they the only bad coders out there?
I mean, how many exchanges did probably get drained from the replay attacks?
My guess: many and a new dark age might be dawning for crypto
Coinbase got drained? Is this true? How much are their losses and please post the link of the news please. I would like to read more about it.
Right?! I sat up in my chair when I read that. Any links, whatsoever?
Never mind, here we go;
https://m.reddit.com/r/EthereumClassic/comments/4urim0/coinbase_drained_of_etc_via_replay_attacks/Still not verified, but at least some info about what possibly happened.
What happened probably is this. Initially, Coinbase didn't want anything to do with ETC:
http://www.coindesk.com/coinbase-gdax-ether-classic/Most probably, they didn't care about the ETC chain, nor about the inclusion of their transactions on that chain (which some funny people call "replay attack"). Once they were forced to consider their customers' pre-fork ETH balance in ETC, they were in deep doodoo because they had transferred all the corresponding ETC also to, for instance, customers withdrawing ETH.
Hint: if you are a coinbase customer, and you've done an ETH withdrawal recently, check if your address is also not valid on the ETC chain ! They may have sent you free ETC from other customers !
This, or Coinbase is a scammer, and has confiscated the ETC of their pre-fork ETH customers to sell it elsewhere.
Saying that they were "victim of replay attack" is ridiculous, as the so-called "replay attack" is a NORMAL PHENOMENON on a forked chain.
