EQT Blockchain ExploitOver the last 2 days, a hacker used the 51% exploit to duplicate the pre-mine addresses.
At about 12.56am (CET) on 10th April 2017, this hacker created new cryptopia accounts and deposited part of the pre-mine into his accounts, and dumped up to a maximum of 3.33517044 BTC, or about 1864688.75378455 EQT, into the whole buy order book from 4000+ satoshi to 100 satoshi.
The BTCs made from this was quickly withdrawn and nothing further can be done. As for the remaining EQT tokens, we have declared the current chain as dead, and all the hacker can do now is to withdraw the EQT to the now useless chain.
More details about the compromise can be found here:
Hacker managed to create 2 duplicates of the premine, another 10,000 EQT wallet, and possibly other smaller wallets. More info on the exploit here:
http://blockexp.com:8036/richlist
The EQT market on Cryptopia is temporarily halted until we resolve this issue.
As mentioned, we will be doing a token swap soon once we resolve this with the Cryptopia team.
Due to these unfortunate event, we will have to delist EQT from Cryptopia as per their policy, and proceed with the manual token swap. We will compensate all users out of our pockets by providing you with a 1:1 swap to the new token, regardless of whether the token you own were mined from the original or bought from the exploited chain.
Sorry for the inconvenience as this may take up to a week or two to fully resolve, as we prepare and port over to the new chain.
By the 18th April 2017, we will post instructions on how the token swap will take place.
Please note that all registrations received after the stipulated time will not be considered for the swap.
If you haven’t already, kindly send me a PM detailing your total EQT amount and the relevant screenshots. Follow the instructions in this post:
NOTICE TO ALL MINERS & INVESTORS & THOSE WHO BOUGHT EQT ON EXCHANGES:
Please follow these instructions:
1. For Miners, Take Screenshot of your Balance on Mining Pool or Wallet - showing today's date and time as well.
2. For Traders, Screenshot of buy orders and those getting filled, as well as your total EQT balance - showing today's date and time as well.
We will be doing a manual token swap, and more details will be shared shortly.
Kindly take the screenshots and
send a PM to me with the following details:
Subject: EQT Swap
Message Body: Total EQT Balance: xxxx.xxxxxxxx + Screenshot link
Token swap registration will end on
17th April 2017, 12PM CET. Kindly send me the PM by then or your tokens will no longer be considered valid.
We take full responsibility for the consequences of this exploit, and bear full responsibility for any losses made by our investors, miners, and traders.
It is a small price to pay for finding this vulnerability while still in the early stages of this project, and I would like to sincerely thank the community and especially those who PMed to reach out and help out in various ways. I am grateful and this support makes me believe more than ever before that this project will succeed with your help and trust.
I've been around long enough to know that there's never a day in crypto without drama, and to always expect the unexpected. Once again, my heartfelt thanks to all of you for your continued support towards our project, and we promise that we'll strive to deliver and to live up to our investors’ expectations.
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