andreibi
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Practising Hebrew before visiting Israel
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July 20, 2017, 10:15:33 AM Last edit: July 20, 2017, 10:29:48 AM by andreibi |
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https://medium.com/@tomasdraksas/edgeless-response-to-parity-hack-3e35e20ba85cGladly 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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andreibi
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Practising Hebrew before visiting Israel
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July 20, 2017, 10:32:44 AM |
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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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trumpc2016
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July 20, 2017, 10:47:43 AM |
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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... ) I am wondering if it's possible to get stolen ETH back or what will happen with Parity.
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Sanitough
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July 20, 2017, 11:30:53 AM |
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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... ) 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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denam
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July 20, 2017, 11:36:25 AM |
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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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Mr.Coinzer
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July 20, 2017, 11:48:10 AM |
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https://medium.com/@tomasdraksas/edgeless-response-to-parity-hack-3e35e20ba85cEdgeless 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/0x1dba1131000664b884a1ba238464159892252d3aUnfortunately 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-47cc507d964dSwarn City: https://press.swarm.city/parity-multisig-wallet-exploit-hits-swarm-city-funds-statement-by-the-swarm-city-core-team-d1f3929b4e4eand 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/0xb3764761e297d6f121e79c32a65829cd1ddb4d32What 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. it is bad news I hope the project team will follow and not collapse
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striker7334 2.0
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Unprofessional shitcoin trader since 2011
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July 20, 2017, 12:50:31 PM |
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https://medium.com/@tomasdraksas/edgeless-response-to-parity-hack-3e35e20ba85cEdgeless 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/0x1dba1131000664b884a1ba238464159892252d3aUnfortunately 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-47cc507d964dSwarn City: https://press.swarm.city/parity-multisig-wallet-exploit-hits-swarm-city-funds-statement-by-the-swarm-city-core-team-d1f3929b4e4eand 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/0xb3764761e297d6f121e79c32a65829cd1ddb4d32What 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. Well the quick response to the situation has definitely restored my confidence in the project and team but one has to wonder is it really a good idea to use ETH as the backbone of the project surely there is more secure networks out there that have proven the test of time. It might be a good idea to look into other projects to complete the roadmap on before a full on release just saying if those white hats take off with that 86 million then ETH is going to be having a really bad day I know I won't touch it or use it....
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2Pac
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July 20, 2017, 01:44:47 PM |
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Interesting, there's no problem because they collected ETH from 15 to 50 dollar range. Is that their excuse for stolen funds really?
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Bigbobbasher
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Crypto connoisseur.
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July 20, 2017, 01:50:06 PM |
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Great news with edgeless finally making a statement. Sounds like license will be next. Just a speed bump!! Great news!
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HermanTheGerman
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Fortes fortuna adiuvat
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July 20, 2017, 02:12:35 PM |
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Interesting, there's no problem because they collected ETH from 15 to 50 dollar range. Is that their excuse for stolen funds really?
I don't think it's them who need an excuse but parity!
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Machina_US
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July 20, 2017, 03:43:47 PM |
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just another question regarding the bounty since there is no official response for additional bounty which around 1 M EDG here the prooft since that bounty still not sended and the receiver we still dont know who is that, the escrow address should have 51M EDG https://etherscan.io/token/Edgeless?a=0x003230bbe64eccd66f62913679c8966cf9f41166but a few hours ago i see the escrow address sent out 304k EDG to an address so can the dev clarify about this
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electricretard
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July 20, 2017, 03:48:31 PM |
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Interesting, there's no problem because they collected ETH from 15 to 50 dollar range. Is that their excuse for stolen funds really?
I don't know what you mean by excuse, but the point is, they have plenty of funds to proceed with the launch. Business as usual. Thank you all who panic dumped yesterday. Cheap coins are always appreciated.
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Bigbobbasher
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Crypto connoisseur.
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July 20, 2017, 04:43:35 PM |
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I second thanking panic dumpers! ☺️
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profitgenerator212
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July 20, 2017, 04:48:44 PM |
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Interesting, there's no problem because they collected ETH from 15 to 50 dollar range. Is that their excuse for stolen funds really?
I don't know what you mean by excuse, but the point is, they have plenty of funds to proceed with the launch. Business as usual. Thank you all who panic dumped yesterday. Cheap coins are always appreciated. I second thanking panic dumpers! ☺️
You guys are losers, if the regulators find out about this hack, you can almost say bye bye to the casino license. And by the way they swapped ETH with EDG, so now people will have to buy EDG to be able to play in the edgeless casino. Nobody will do that, barely anyone will play on this casino. This project looks like it's over.
I sold yesterday, lost 25% of my investment, but it was still a cheap loss. If what I wrote above happens, you can bet your losses will be like 99% in my view.
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dRAIH
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July 20, 2017, 04:57:28 PM |
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just another question regarding the bounty since there is no official response for additional bounty which around 1 M EDG here the prooft since that bounty still not sended and the receiver we still dont know who is that, the escrow address should have 51M EDG https://etherscan.io/token/Edgeless?a=0x003230bbe64eccd66f62913679c8966cf9f41166but a few hours ago i see the escrow address sent out 304k EDG to an address so can the dev clarify about this It is very good and hope to get the bonus but when it will be distributed?
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fearcoka
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July 20, 2017, 05:06:05 PM |
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I hear some news tell Edgeless funds had got attack by hacker and loss a huge number ETH in their wallet, anyone in this thread can helps me confirm this news is really or fake? I very scared because in yesterday the price crash down from @26k sat to @11k sat
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Just Nao Tomori and Bitcoin ( ͡° ͜ʖ ͡°)
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Pejoh Asu
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July 20, 2017, 05:07:12 PM |
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just another question regarding the bounty since there is no official response for additional bounty which around 1 M EDG here the prooft since that bounty still not sended and the receiver we still dont know who is that, the escrow address should have 51M EDG https://etherscan.io/token/Edgeless?a=0x003230bbe64eccd66f62913679c8966cf9f41166but a few hours ago i see the escrow address sent out 304k EDG to an address so can the dev clarify about this It is very good and hope to get the bonus but when it will be distributed? Yeah right, and I'm still looking forward to EDG bonus because I'm invested about 1,5 ETH and in myetherwallet not got the bonus (normal token as my bought when ICO.
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abonarea
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July 20, 2017, 05:26:39 PM |
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Although a large number of people still are asking in bounty thread for unpaid bounties and they were told that distributions are completed and there will not be anymore. I will surprised to see this part what is being discussed about bonus now. I don't think they will show any positive response to this reward portion anymore.
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Andeze17
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July 20, 2017, 05:27:36 PM |
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I hear some news tell Edgeless funds had got attack by hacker and loss a huge number ETH in their wallet, anyone in this thread can helps me confirm this news is really or fake? I very scared because in yesterday the price crash down from @26k sat to @11k sat Its real, but nowhere as bad as it could have been. The Edgeless team has handled it really well as well. The posted a response to the hack a few posts back. As for the price, it has stabilized so there is nothing really to worry about.
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