This is such an embarrassment. An exploit found in the zero coin protocol. And Veil devs did not take this seriously enough and gambles with it hoping they won't use this exploit on Veil. Well it happened and Veil money got printed out of thin air.
If an exploit is found where someone can print out money the devs need to get off their asses and make sure to do everything they can to stop it by forking etc.
The devs didn't do enough here and it's quite a shame. Won't touch this coin with a 10 feet pole since someone has a lot of free veil that they can dump on the markets. I don't think the burn rate will be quick enough and this project will have bearish price pressure for years. I'm surpised the coin hasn't dumped yet. I guess they are waiting for an exchange with liquidity to dump years later.
Wasn't really following everything around the project too closely after I had their Signature for a few weeks. What excatly happened and is it know how many Veil has been generated because of this exploit?
A nice read up about that Veil zero coin exploit:
https://veil-project.com/news/2019-08-exploit/I didnt able to read up this news and this is my first time when i searched yet this one doesnt buzz out into the community.
Exploits like this do mostly happen on this cryptospace.
