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Author Topic: ⚜️⚜️⚜️⚜️ Edgeless - World‘s First Ethereum Based Crypto Casino ⚜️⚜️⚜️⚜️  (Read 374151 times)
trumpc2016
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July 20, 2017, 06:21:39 AM
 #4321

Actually Ethereum can reverse all these losses. They control blockchain. Wink Plus, it's paid in advance for license, so no worries about that.

Only thing what sucks is that a lot of marketing money lost, but EDG can operate for couple years with $3,5 millions they took out before.

Plus 50 million EDG which they will get later.

In worst case scenario they will sell part of their EDG for cheaper than market price and will regains 5 million back.

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July 20, 2017, 07:05:04 AM
 #4322

Actually Ethereum can reverse all these losses. They control blockchain. Wink Plus, it's paid in advance for license, so no worries about that.

Only thing what sucks is that a lot of marketing money lost, but EDG can operate for couple years with $3,5 millions they took out before.

Plus 50 million EDG which they will get later.

In worst case scenario they will sell part of their EDG for cheaper than market price and will regains 5 million back.

It still would be nice to hear any official statement

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July 20, 2017, 07:08:31 AM
 #4323

WTF are you guys talking about ? whining that you lost 25%, wtf ? May 1 7500sat, June 1 10000sat, July 1 21000sat, July 20 today, 21000sat. goddamn you people are mad. This hack sucks obv but they withdrew enough money to continue, it might slow them down but in reality they can finish it easily, they lost their lambos, well, shit happens but it's not the end by any means.
Surely it's not the end because price now seems like there was nothing happen, maybe the problem is just too small
because people are not panic, but I would love to see an official statement of the devs if there was really a hacking incident that took place.

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July 20, 2017, 07:17:21 AM
 #4324

I think, With edgeless 0xproject is much stronger in .
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July 20, 2017, 07:31:30 AM
 #4325

It's 10:30 AM in Lithuania, let's wait for their response. I have contacted them directly, if there will be news, I will write here.

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July 20, 2017, 07:34:17 AM
 #4326

Last night's activities in markets showed how fragile are these markets and how weak hands are its traders. One news can crash any market but someone's panic is other's profit. This is what exactly happened where many people sold under emotional environment while some people bought cheap tokens at mega summer sale discount rates.
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July 20, 2017, 08:22:05 AM
 #4327

Last night's activities in markets showed how fragile are these markets and how weak hands are its traders. One news can crash any market but someone's panic is other's profit. This is what exactly happened where many people sold under emotional environment while some people bought cheap tokens at mega summer sale discount rates.

correct.. fuds are everywher. they tend to hit traders with the deepest parts of their emotions. and what happened to those who have strong hands and emotionless traders? they end up making profit.. so it is much better to hold. and buy when it deeps.  dont let emotions control you..

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yan.markevich
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July 20, 2017, 08:26:48 AM
 #4328

Actually Ethereum can reverse all these losses. They control blockchain. Wink Plus, it's paid in advance for license, so no worries about that.

Only thing what sucks is that a lot of marketing money lost, but EDG can operate for couple years with $3,5 millions they took out before.

Plus 50 million EDG which they will get later.

In worst case scenario they will sell part of their EDG for cheaper than market price and will regains 5 million back.

It still would be nice to hear any official statement

Slack:
Hey guys, we just finished a meeting with a team in our office. Official ann. will be made in less than 1h.

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July 20, 2017, 09:07:19 AM
 #4329

https://medium.com/@tomasdraksas/edgeless-response-to-parity-hack-3e35e20ba85c

Edgeless response to Parity hack

What have happened?
2017.07.19 — Parity multi-sig wallets written by Gavin Woods (ex. CTO of Ethereum Foundation) got hacked due to a small bug in the code. Technically speaking, this hack put at risk all the Ethereum tokens which are stored in these multi-signatures. Since Parity is an industry standard, that’s almost every Ethereum project and major crypto exchanges.
And it happened!
How large damage is?
At that night, it all got hacked. Most of ‘multi-sig’ wallets got ‘successfully hacked’ by whitehackers.
Source: https://etherscan.io/address/0x1dba1131000664b884a1ba238464159892252d3a
Unfortunately 3 Ethereum projects did not make it to the white-hack list: Edgeless Casino, Æternirty and Swarn City.
Æternirty: https://blog.aeternity.com/parity-multisig-wallet-hack-47cc507d964d
Swarn City: https://press.swarm.city/parity-multisig-wallet-exploit-hits-swarm-city-funds-statement-by-the-swarm-city-core-team-d1f3929b4e4e
and we, the Edgeless Project. We confirm a loss of 26 793 ETH ( 5.6 mill $ ) which are held by the hacker: https://etherscan.io/address/0xb3764761e297d6f121e79c32a65829cd1ddb4d32
What does it mean to Edgeless Project?
Gladly we diversified our funds right after an ICO and we have a sufficient amount to run the project. Additionally we got our funds when ETH was 15$ — 50$ per unit and now ETH price is way much higher which covers our hacked loss. It means our platform launch will be happening in Q3. However, we made some changes in our dapp structure. From now it will be purely ran on EDG tokens, since a large part of our ETH was supposed to be our casino’s bankroll.
That means, if players want to gamble on our platform, they will need to get EDG tokens.
What will you do with Gavin Woods and Parity?
Edgeless, Æternirty and Swarn City formed a group to address this question. It will be announced in a near future.

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July 20, 2017, 09:13:15 AM
 #4330

What doesn't kill, makes you stronger! Wink

I think, this was a dragon and EDG won the battle. Hero's journey continues to find that holly grail.

Also from that moment EDG will be used to play in Casino, which means, EDG token will go to the moon!!!

Plus they will need make possibility to buy EDG on their platform, just imagine, each player must buy for higher price all the time!!! Investors will be happy as fuck!

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July 20, 2017, 09:22:38 AM
 #4331

https://medium.com/@tomasdraksas/edgeless-response-to-parity-hack-3e35e20ba85c

Edgeless response to Parity hack

What have happened?
2017.07.19 — Parity multi-sig wallets written by Gavin Woods (ex. CTO of Ethereum Foundation) got hacked due to a small bug in the code. Technically speaking, this hack put at risk all the Ethereum tokens which are stored in these multi-signatures. Since Parity is an industry standard, that’s almost every Ethereum project and major crypto exchanges.
And it happened!
How large damage is?
At that night, it all got hacked. Most of ‘multi-sig’ wallets got ‘successfully hacked’ by whitehackers.
Source: https://etherscan.io/address/0x1dba1131000664b884a1ba238464159892252d3a
Unfortunately 3 Ethereum projects did not make it to the white-hack list: Edgeless Casino, Æternirty and Swarn City.
Æternirty: https://blog.aeternity.com/parity-multisig-wallet-hack-47cc507d964d
Swarn City: https://press.swarm.city/parity-multisig-wallet-exploit-hits-swarm-city-funds-statement-by-the-swarm-city-core-team-d1f3929b4e4e
and we, the Edgeless Project. We confirm a loss of 26 793 ETH ( 5.6 mill $ ) which are held by the hacker: https://etherscan.io/address/0xb3764761e297d6f121e79c32a65829cd1ddb4d32
What does it mean to Edgeless Project?
Gladly we diversified our funds right after an ICO and we have a sufficient amount to run the project. Additionally we got our funds when ETH was 15$ — 50$ per unit and now ETH price is way much higher which covers our hacked loss. It means our platform launch will be happening in Q3. However, we made some changes in our dapp structure. From now it will be purely ran on EDG tokens, since a large part of our ETH was supposed to be our casino’s bankroll.
That means, if players want to gamble on our platform, they will need to get EDG tokens.
What will you do with Gavin Woods and Parity?
Edgeless, Æternirty and Swarn City formed a group to address this question. It will be announced in a near future.

We confirm a loss of 26 793 ETH ( 5.6 mill $ ), this is a huge loss for the project and the bankroll has been highly affected due to this

But the good part said here is that EDG tokens would be needed to be used on the platform instead of ETH, and this is enough for the price to go high.


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sefo
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July 20, 2017, 09:24:48 AM
 #4332

But the good part said here is that EDG tokens would be needed to be used on the platform instead of ETH, and this is enough for the price to go high.
I'm seeing this very positively too Smiley
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July 20, 2017, 09:32:02 AM
 #4333

But the good part said here is that EDG tokens would be needed to be used on the platform instead of ETH, and this is enough for the price to go high.
I'm seeing this very positively too Smiley

Agreed with you EDG will be main currency for this platform instead of ETH but the big fault was into that service provider of multisig. This is horrible to sound but I also EDG will stay strong because it has trusted and very secure code.
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July 20, 2017, 09:40:46 AM
 #4334

https://www.cyberscoop.com/ether-hack-32-million-cryptocurrency/

"The ethical hackers promised to return the funds to their rightful owners once the security threat passed"

How does this sound like?  Cheesy Cheesy Cheesy
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July 20, 2017, 10:15:33 AM
Last edit: July 20, 2017, 10:29:48 AM by andreibi
 #4335

https://medium.com/@tomasdraksas/edgeless-response-to-parity-hack-3e35e20ba85c

Gladly we diversified our funds right after an ICO and we have a sufficient amount to run the project. Additionally we got our funds when ETH was 15$ — 50$ per unit and now ETH price is way much higher which covers our hacked loss. It means our platform launch will be happening in Q3. However, we made some changes in our dapp structure. From now it will be purely ran on EDG tokens, since a large part of our ETH was supposed to be our casino’s bankroll.
That means, if players want to gamble on our platform, they will need to get EDG tokens.



But the good part said here is that EDG tokens would be needed to be used on the platform instead of ETH, and this is enough for the price to go high.


I'm more interested in the so-often-said fiat players. And word on that?

I'm guessing direct gambling with ETH will happen in 2018, wanna bet?

I'm sorry for those who sold sub 15k sats, but you trade like a noob and now complaining here.
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July 20, 2017, 10:27:24 AM
 #4336

https://www.cyberscoop.com/ether-hack-32-million-cryptocurrency/

"The ethical hackers promised to return the funds to their rightful owners once the security threat passed"

How does this sound like?  Cheesy Cheesy Cheesy

Even this is weird but waiting to see what happen next there. That message is clearly seen on that address where all funds are sitting at the moment.

https://etherscan.io/address/0x1dba1131000664b884a1ba238464159892252d3a
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July 20, 2017, 10:32:44 AM
 #4337

https://www.cyberscoop.com/ether-hack-32-million-cryptocurrency/

"The ethical hackers promised to return the funds to their rightful owners once the security threat passed"

How does this sound like?  Cheesy Cheesy Cheesy

Even this is weird but waiting to see what happen next there. That message is clearly seen on that address where all funds are sitting at the moment.

https://etherscan.io/address/0x1dba1131000664b884a1ba238464159892252d3a

This does not concern EDG, the address does not have EDG tokens. The biggest tokens they hold is BAT and ICN at $30m worth each.
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July 20, 2017, 10:47:43 AM
 #4338

https://www.cyberscoop.com/ether-hack-32-million-cryptocurrency/

"The ethical hackers promised to return the funds to their rightful owners once the security threat passed"

How does this sound like?  Cheesy Cheesy Cheesy

Even this is weird but waiting to see what happen next there. That message is clearly seen on that address where all funds are sitting at the moment.

https://etherscan.io/address/0x1dba1131000664b884a1ba238464159892252d3a

This does not concern EDG, the address does not have EDG tokens. The biggest tokens they hold is BAT and ICN at $30m worth each.

White hat hackers will give back, there are people from Ethereum foundation as well... Smiley)

I am wondering if it's possible to get stolen ETH back or what will happen with Parity.

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July 20, 2017, 11:30:53 AM
 #4339

https://www.cyberscoop.com/ether-hack-32-million-cryptocurrency/

"The ethical hackers promised to return the funds to their rightful owners once the security threat passed"

How does this sound like?  Cheesy Cheesy Cheesy

Even this is weird but waiting to see what happen next there. That message is clearly seen on that address where all funds are sitting at the moment.

https://etherscan.io/address/0x1dba1131000664b884a1ba238464159892252d3a

This does not concern EDG, the address does not have EDG tokens. The biggest tokens they hold is BAT and ICN at $30m worth each.

White hat hackers will give back, there are people from Ethereum foundation as well... Smiley)

I am wondering if it's possible to get stolen ETH back or what will happen with Parity.
So that means there is nothing to worry, don't worry price will be back up soon.
As per bittrex stat, it's 24 hours low is 0.00011369 and now it's back to 20K average.
What surprised me actually is that the volume now is very big with an amount of "1123.17288086 btc".

To the moon soon!

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July 20, 2017, 11:36:25 AM
 #4340

This very positive and full of determination statement released by Edgeless team that even though 26793 ETH were lost in recent hack attack but team is willing to continue development to deliver the fully functional platform. It was really good that team diversified the funds which is seeming now good move. EDG has also recovered successfully from panic market to stabled one.
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