Another Ethereum ICO get hacked.

[dennyd999]

Again, again and again.

http://www.newsbtc.com/2017/07/24/yet-another-ethereum-ico-gets-hacked-veritaseum-loses-us4-5m/

Unstopable hacks!

This time Veritaseum ICOs token based on ETH suffers from atack with 4.7 million $$$ looses.


Obviously Ehtereum Network have a massive problems. And devs will always tell you that this is imature of experimental technology  
How far this will goes?

Its madness I never heard before about so many hacks on blokchain before Ethereum and ICOs appeared.
It is the 3rd hack for the month. Its just tooo much.
Bitcoin was never hacked at all so as many other coins around. Just WTF is going on???

[cryptohunter]

quick all back to btc and ltc

all these new improvements and features may come at a huge price it seems.

[bathrobehero]

Again, again and again.

http://www.newsbtc.com/2017/07/24/yet-another-ethereum-ico-gets-hacked-veritaseum-loses-us4-5m/

Unstopable hacks!

This time Veritaseum ICOs token based on ETH suffers from atack with 4.7 million $$$ looses.


Obviously Ehtereum Network have a massive problems. And devs will always tell you that this is imature of experimental technology  
How far this will goes?

Its madness I never heard before about so many hacks on blokchain before Ethereum and ICOs appeared.
It is the 3rd hack for the month. Its just tooo much.
Bitcoin was never hacked at all so as many other coins around. Just WTF is going on???

This is more bad news. I wish these hackers would give Ethereum a break.

I wish people would stop using overly complex and untested systems and centralized ICOs.

[connexus]

Again, again and again.

http://www.newsbtc.com/2017/07/24/yet-another-ethereum-ico-gets-hacked-veritaseum-loses-us4-5m/

Unstopable hacks!

This time Veritaseum ICOs token based on ETH suffers from atack with 4.7 million $$$ looses.


Obviously Ehtereum Network have a massive problems. And devs will always tell you that this is imature of experimental technology  
How far this will goes?

Its madness I never heard before about so many hacks on blokchain before Ethereum and ICOs appeared.
It is the 3rd hack for the month. Its just tooo much.
Bitcoin was never hacked at all so as many other coins around. Just WTF is going on???

This is more bad news. I wish these hackers would give Ethereum a break.

No, it's a good thing so that Ethereum developers will make necessary action to avoid major hacks from happening in the future.

[IamHigh]

Again, again and again.

http://www.newsbtc.com/2017/07/24/yet-another-ethereum-ico-gets-hacked-veritaseum-loses-us4-5m/

Unstopable hacks!

This time Veritaseum ICOs token based on ETH suffers from atack with 4.7 million $$$ looses.


Obviously Ehtereum Network have a massive problems. And devs will always tell you that this is imature of experimental technology  
How far this will goes?

Its madness I never heard before about so many hacks on blokchain before Ethereum and ICOs appeared.
It is the 3rd hack for the month. Its just tooo much.
Bitcoin was never hacked at all so as many other coins around. Just WTF is going on???

This will never end until these hackers are arrested, they steal so professionally and they're draining every single unsecured ethereum wallet.

[hyet24]

I'm guessing this ICO bubble what someone here was talking about.  It could be anything but feels like this is the bubble.

[Getmon]

Again, again and again.

http://www.newsbtc.com/2017/07/24/yet-another-ethereum-ico-gets-hacked-veritaseum-loses-us4-5m/

Unstopable hacks!

This time Veritaseum ICOs token based on ETH suffers from atack with 4.7 million $$$ looses.


Obviously Ehtereum Network have a massive problems. And devs will always tell you that this is imature of experimental technology  
How far this will goes?

Its madness I never heard before about so many hacks on blokchain before Ethereum and ICOs appeared.
It is the 3rd hack for the month. Its just tooo much.
Bitcoin was never hacked at all so as many other coins around. Just WTF is going on???

This is already alarming. I mean, ETH team must be doing something, otherwise these hackers are like running their own vaults and can withdraw millions from them easily and anytime they want. For goodness sake! ETH, come on! Are you gonna let these scumbags do this to you again and again?

[chichigirl]

How come these hackers hacked the ETH wallets from ICO? Are there any flaws in the Ethereum blockchain? I thought crypto currency is secure? Another worst scenario is, ICO owners were acting up to stop their projects and enjoy their stolen money.

[Febo]

How come these hackers hacked the ETH wallets from ICO? Are there any flaws in the Ethereum blockchain? I thought crypto currency is secure? Another worst scenario is, ICO owners were acting up to stop their projects and enjoy their stolen money.

Not sure what planet you live in. ETH is far from secure. It started with DAO and will just continue.   Most secure asset platform currently is XCP.  It base on Bitcoin so is totally obvious.  Why companies use ETH is beyond my imaginations.   XCP was slow because of full BTC mempool, but we all knew that will end at some point ans as it looks ended.  Whoever is issuing tokens on ETH right now is quite an idiot.

[jnow]

By following the transactions and the addresses the stolen VERI was sent to, looks like it took place yesterday and some of the tokens were already dumped on ED. I was looking at the VERI price on ED suddenly falling as it was happening in real time and I thought it was strange.

[chutchmcgillicutty]

Well sounds like the ETH was stolen from the Veri team and not investors, so tough shit for them...

[relest]

It's not ETH problem, it's about the platform's capabilities and how third-party developers use them. The program (smart contract) in ETH can be hacked in the same way as any other, written, for example, on php.
https://bitcointalk.org/index.php?topic=1887061.msg20348125#msg20348125

[Zadicar]

It's not ETH problem, it's about the platform's capabilities and how third-party developers use them. The program (smart contract) in ETH can be hacked in the same way as any other, written, for example, on php.
https://bitcointalk.org/index.php?topic=1887061.msg20348125#msg20348125

True, the mistakes on this kind of hacks was on third party developers which dont really saw the flaws on their wallet which hackers can easily bypass it without any efforts and if those coins a eth-based then it will really mainly affected ETH price. Next time they should really strenghten up security to avoid these kind of stuffs because im quiet tired on these back to back hacking incidents.

[One Man Band]

I suspect one of their coders wrote a back-door into the smart contract..

[BTCwriter]

More like scam ico walking away with millions without doing anything.

[bobo012]

It is great idea, but unproven code. Who knows whats still waiting in the code to be revealed.
It's a sheme that people are losing money because of code.
It needs more peer review.

[xys9ik0p]

bitcoin split coming and more bad news keep coming beware tread lightly

[ryanben]

still don't have any official information, finding many holes as possible and the ETH fix code in the system that helps the system increasingly improved. Even BTC has encountered similar problems

[rayk]

Ethereum should immediately take some serious precautions to avoid this kind of attacks anymore.

[lurker10]

Nxt is another cryptocurrency platform to launch crowdfunding campaigns, it features inherently more secure Smart Transactions. But people go for the hype.