VERITASEUM DISCUSSION THREAD

[megashira1]

That explains the dumping on ED.

Yes, expect the price to be suppressed for short term.

[Noobty]

Hope thus isnt a scam to sell some of their stock pile of veri.

[len01]

just bought some cheap VERI at 0.55 i guess the guy who dump is the hacker

[Khlyst]

$4.5million USD worth of VERI stolen

https://i.gyazo.com/bacdac6c33597c36e40791b14e048eda.png

See here:

https://ethplorer.io/address/0x17f96db403e2f8e0461f9d75e1f1a3a0caff3fb5#pageSize=100

https://ethplorer.io/address/0x3fff90bf314673194c3a265ed1c0aa68f59550c4#pageSize=100

Even if the address is known, is it possible to find the responsible party and retrieve the funds?  I also ask because I lost a significant sum of VERI and I know the address to which it was sent.  Maybe there is hope?  Needless to say, it's been tough watching the price skyrocket!

[hogie2010]

I also got in at .55. There have been some huge blocks put below market for quick sale.

I feel bad because I know I'm buying from the hacker. At lease I'm a long term player and believer in the project.

[Dorky]

I see some "filthy rich" holders with 1 address heavily loaded with various erc20 tokens worth some $ millions.
This is a potential danger because if this account gets hacked, ALL the tokens will be lost.
By right, the holder should generate multiple offline addresses and transfer a portion of each token to each of the addresses for cold storage.
So in case of mistake, the holder only lose a small portion, instead of everything.

I suppose the hack was due to phishing sites like myetherwaillet, myetherwalliet, etc.

[xomarnie]

$4.5million USD worth of VERI stolen

https://i.gyazo.com/bacdac6c33597c36e40791b14e048eda.png

See here:

https://ethplorer.io/address/0x17f96db403e2f8e0461f9d75e1f1a3a0caff3fb5#pageSize=100

https://ethplorer.io/address/0x3fff90bf314673194c3a265ed1c0aa68f59550c4#pageSize=100

Even if the address is known, is it possible to find the responsible party and retrieve the funds?  I also ask because I lost a significant sum of VERI and I know the address to which it was sent.  Maybe there is hope?  Needless to say, it's been tough watching the price skyrocket!

Hi Khylst, would you mind sharing more of the specifics about how you lost the VERI... how were you scammed into sending it to the thieves' address? I'm new to cryptos and am here to learn. If we can learn from you ... that would be awesome! Thank you

[Fern]

Hacker sent around 4500 VERI to etherdelta so there's half a million bucks he's trying to unload

https://etherscan.io/address/0xd82557a3a76341390bdadd6bf5012f88219d94ca#tokentxns

One upside is that it's good for distribution and the long term

[lavalampoon]

Clif High's prediction for a high VERI price on July 24th isn't looking so good, perhaps the web bot data actually suggested a strong drop. Sucks for me, I put a lot into VERI this past week.

People who have been buying the VERI tokens that a "hacker" sold on EtherDelta should consider that Reggie may have just lost his financial incentive to continue the project. Then again, what else would Reggie actually do after investing so much into this? We'll soon see the core of his passions by whether he endures.

Hmm, what kind of organization would have the ability to hack 2FA twice? Who would have the incentive to slam VERI just a day before high price expectations set by Clif? It seems an individual hacker would have waited a day in case of higher prices (assuming that he/she follows Clif High). It seems a corporate or government agency would have the most incentive to slam VERI a day before high expectations. I do not presume that any government actually works for our interests, neither collective nor individual. May this be designed as yet another excuse for our masters to crack the whip for more regulation of our affairs "for our own good"?

Another possibility should also be considered. Do we know if Reggie actually had more than hopes and dreams to sell us? We might not know because only people that signed an NDA were allowed to know the details. A scenario that investigators must consider is that Reggie invented a hacker story for a token liquidation, tax write off, and reasonable excuse to exit the project. Which erc20 wallets use 2FA? Why wasn't Reggie using a hardware wallet for amounts so great? Hopefully Reggie didn't pull a Danny Brewster (NEOBEE) on us as he joins his relatives in Jamaica with couple million worth of crypto. Such concerns come from painful experience.

Andreas Antonopoulos is one of a couple advocates of NEOBEE that lost some credibility when Danny Brewster had lied and disappeared. I wonder if Clif High, Bix Weir, and Joe (jsnip4) will likewise lose followers from this. The Populous token already lost a lot of value along with VERI. The elevated prices of many markets could be affected by this theft. Confidence has been shaken.

I suppose one positive is that more VERI would actually circulate if the project endures.

[Haddem]

Be careful to pick a fight with banksters. They can start wars.
But who knows what the incentives are. Let's see how this recovers, and how Veritaseum inc. will recover from this.

[paulmaritz]

The price is already going back up and might hit a new high later today.

[dave3]

Clif High's prediction for a high VERI price on July 24th isn't looking so good, perhaps the web bot data actually suggested a strong drop. Sucks for me, I put a lot into VERI this past week.

People who have been buying the VERI tokens that a "hacker" sold on EtherDelta should consider that Reggie may have just lost his financial incentive to continue the project. Then again, what else would Reggie actually do after investing so much into this? We'll soon see the core of his passions by whether he endures.

Hmm, what kind of organization would have the ability to hack 2FA twice? Who would have the incentive to slam VERI just a day before high price expectations set by Clif? It seems an individual hacker would have waited a day in case of higher prices (assuming that he/she follows Clif High). It seems a corporate or government agency would have the most incentive to slam VERI a day before high expectations. I do not presume that any government actually works for our interests, neither collective nor individual. May this be designed as yet another excuse for our masters to crack the whip for more regulation of our affairs "for our own good"?

Another possibility should also be considered. Do we know if Reggie actually had more than hopes and dreams to sell us? We might not know because only people that signed an NDA were allowed to know the details. A scenario that investigators must consider is that Reggie invented a hacker story for a token liquidation, tax write off, and reasonable excuse to exit the project. Which erc20 wallets use 2FA? Why wasn't Reggie using a hardware wallet for amounts so great? Hopefully Reggie didn't pull a Danny Brewster (NEOBEE) on us as he joins his relatives in Jamaica with couple million worth of crypto. Such concerns come from painful experience.

Andreas Antonopoulos is one of a couple advocates of NEOBEE that lost some credibility when Danny Brewster had lied and disappeared. I wonder if Clif High, Bix Weir, and Joe (jsnip4) will likewise lose followers from this. The Populous token already lost a lot of value along with VERI. The elevated prices of many markets could be affected by this theft. Confidence has been shaken.

I suppose one positive is that more VERI would actually circulate if the project endures.

Clif's twitter prediction was simply "... 'good news' for @veritaseum on/about the 24th!"  (give that +/- 3 days).

18K tokens out of 100M is a drop in the bucket.  It sucks, to be sure, but hardly a significant impediment to the project.

Hopefully the perpetrator will be tracked down and punished.

[azmojo]

LOL, People actually take the predictions seriously? I know Clif's been fairly accurate lately on some things, but anyone who puts their full faith and trust into predictions - no matter the methodology or who they come from - deserve to be disappointed.

[Costix]

Reggie himself never said there will be an announcment for 24th. But you can invest short-term, sell out an buy a car or whatever and drive to work with it or you trust in Reggie and team and look forward to buying your dream house and spend all summer long next to the pool.
Invest = risk, never forget that. But never found a lower risk than Veritaseum headed by Reggie+team

[Jeremy2017]

Clif High's prediction for a high VERI price on July 24th isn't looking so good, perhaps the web bot data actually suggested a strong drop. Sucks for me, I put a lot into VERI this past week.

People who have been buying the VERI tokens that a "hacker" sold on EtherDelta should consider that Reggie may have just lost his financial incentive to continue the project. Then again, what else would Reggie actually do after investing so much into this? We'll soon see the core of his passions by whether he endures.

Hmm, what kind of organization would have the ability to hack 2FA twice? Who would have the incentive to slam VERI just a day before high price expectations set by Clif? It seems an individual hacker would have waited a day in case of higher prices (assuming that he/she follows Clif High). It seems a corporate or government agency would have the most incentive to slam VERI a day before high expectations. I do not presume that any government actually works for our interests, neither collective nor individual. May this be designed as yet another excuse for our masters to crack the whip for more regulation of our affairs "for our own good"?

Another possibility should also be considered. Do we know if Reggie actually had more than hopes and dreams to sell us? We might not know because only people that signed an NDA were allowed to know the details. A scenario that investigators must consider is that Reggie invented a hacker story for a token liquidation, tax write off, and reasonable excuse to exit the project. Which erc20 wallets use 2FA? Why wasn't Reggie using a hardware wallet for amounts so great? Hopefully Reggie didn't pull a Danny Brewster (NEOBEE) on us as he joins his relatives in Jamaica with couple million worth of crypto. Such concerns come from painful experience.

Andreas Antonopoulos is one of a couple advocates of NEOBEE that lost some credibility when Danny Brewster had lied and disappeared. I wonder if Clif High, Bix Weir, and Joe (jsnip4) will likewise lose followers from this. The Populous token already lost a lot of value along with VERI. The elevated prices of many markets could be affected by this theft. Confidence has been shaken.

I suppose one positive is that more VERI would actually circulate if the project endures.

All an orchestrated scam. So obvious. That's why major exchanges stay well clear of veritaseum.

[ljp7839008]

1. It's not a "coin". It's a token - huge difference.

2. It "would" be great if its success was based on quantifiable fundamentals as opposed to Clif High's fanbase buying it and Gliss complying with under-reporting the marketcap by a factor of 50

[Jason7189]

A few quick points;

1. A 1.5% increase in the circulating supply is NOTHING.

2. Reggie lost only a tiny fraction of the coins he controls (~0.05% of his wallet)

3. Clif High's data is very accurate, and he said that there would be some news related to Veritaseum around the 24th/25th. Don't forget about Jamaica.

4. Who cares about short term downside, were in this for the long haul, just buy more!

[JuanHungLo]

LOL, People actually take the predictions seriously? I know Clif's been fairly accurate lately on some things, but anyone who puts their full faith and trust into predictions - no matter the methodology or who they come from - deserve to be disappointed.

Laugh all you want, but I have to give clif high credit for providing leads that have netted me more cryptocurrency balances than I could have imagined without his work.  It has nothing to do with full faith and trust.   It has to do with understanding what edge predictive linguistics affords.  As for me, and I know many others, it is working.

[davs]

Someone stole ~$32M (~153k ether) from three multisig wallets.

https://www.reddit.com/r/ethereum/comments/6oat8e/someone_stole_32m_153k_ether_from_three_multisig/



https://twitter.com/myetherwallet

MyEtherWallet.com‏ @myetherwallet 1h1 hour ago

1 Do not panic. Panic makes things worse
2 If you use MyEtherWallet, you ARE NOT AT RISK
3 Carefully move your funds to a new account ASAP

Can someone contact Veritaseum people and inform them about this hack. Is VERI ICO wallet safe?

Dammit!

Ethereum ICO Veritaseum Suffers $4.5 Million Hack
http://www.altcointoday.com/ethereum-ico-veritaseum-suffers-4-5-million-hack/
 

[davs]

Dammit!

Ethereum ICO Veritaseum Suffers $4.5 Million Hack
http://www.altcointoday.com/ethereum-ico-veritaseum-suffers-4-5-million-hack/
 

Today is the Clif's 24th, maybe the good news will be: "Veritaseum hackers caught, money returned to its rightful owners!" One can only hope.