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Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1341930 times)
irlandescoin
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July 13, 2014, 03:51:53 PM
 #7601

Update from MintPal
13/07/2014 4:19 PM Announcements
Please read the entirety of this post.

A few hours ago we were unfortunately the subject of a successful attack against the exchange. Our investigations have shown that whilst our security was breached, VeriCoin was the target. We would like to stress that VeriCoin and the VeriCoin network has not been in any way compromised. We have worked to secure the exchange and the withdraw process from any further attack.

As it stands at the moment the following applies:

1) We lost a considerable amount of VeriCoin in the attack, however we have been working with the VRC developers and all major exchanges to hard fork the coin at a position before the attack. This will allow us to retrieve the stolen coins and facilitate all withdrawals. We are also working with various exchanges to accommodate any losses they may encouter as a result of the required fork.

2) We are currently processing withdrawals for all other coins.

As I'm sure you will appreciate, our support channels will most likely be very busy over the coming hours/days so please bear with us.

We would like to personally extend our thanks to the VeriCoin developers and the other exchanges who have pulled out all of the stops to ensure that your VRC funds are safe.



back here after the boom in 2013
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pnosker
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July 13, 2014, 03:52:14 PM
 #7602

Can any dev answer why mp would only have an issue with vrc and the attackers did not take btc or higher valued coins?  If what mp said was true and only vrc was hit, but had nothing to do with vrc?

Just looking for an answer, if there is a good explanation, then great! would instill confidence!


The attacker targeted BTC, LTC, and VRC.

Support the VeriFund Endowment.
VRC: VFEndownxxnHea9mv59kZx8c7TysGbndYx
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July 13, 2014, 03:53:57 PM
 #7603

The attacker targeted BTC, LTC, and VRC.

Like the attacker would have thought:

I go for the 3 biggest coin Cheesy

Need BadAss Bulletproof VPS or Bulletproof VPN or why not just mail safe with Safe-Mail. We care about your privacy.
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July 13, 2014, 03:56:17 PM
 #7604

how do they manage to take off with all the VRC when it requires 2FA to even proccess the withdrawl request... ?  this sounds to me like the Private keys for the hot wallet were exposed.. somewhow.. which is scary to consider.

vsniko
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July 13, 2014, 03:57:22 PM
 #7605

Quote
The attacker targeted BTC, LTC, and VRC.

It is your thoughts or it is proven info?

Free SIGNs giving everyday. Be part, do not miss!.Sqgj26PtN6SoryJntgFYcUz5xBkZf8Wsph
Killiz
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July 13, 2014, 03:58:24 PM
 #7606

can we share any news or info on the hackers so people can track them down.... I have friends that could find them... and I would love to know who it was and bring them to the public...

make all the hacker info public so we can find them and share their info... would make the whole crypto community more secure...

just like when that guy from btc got hacked and he offered what was it 20 btc to find the hacker as a reward... the hacker asked for what was it 15 or 30 btc... was a story a few months back... turn the tides on the hackers and make their info public

It was Jesus.

ljm81
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July 13, 2014, 04:01:05 PM
 #7607

The hacker must not of wanted my coins ON mintpal cuz there still there, i feel left out
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July 13, 2014, 04:04:31 PM
 #7608

VeriCoin will hard fork to a checkpoint a few hours ago just before the attack on MintPal. MintPal has agreed to cover losses relating to the hack.

VeriCoin is fine, there are no vulnerabilities. We had to decide between hard forking prior to the attack or letting MintPal fall and the thief keeping the 8 million VRC that was stolen. We chose the option that we thought would be best for the coin.

We will be releasing a new wallet with a fix shortly.
WOW 8 million VRC was stolen from mintpal? Thats is just crazy seems they knew what to go after


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July 13, 2014, 04:06:00 PM
 #7609

The hacker must not of wanted my coins ON mintpal cuz there still there, i feel left out

Leave em there till the dust settles, and a fork is created. any coin movement from after the attack untíl the client update will be erased.

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July 13, 2014, 04:06:33 PM
 #7610

Can any dev answer why mp would only have an issue with vrc and the attackers did not take btc or higher valued coins?  If what mp said was true and only vrc was hit, but had nothing to do with vrc?

Just looking for an answer, if there is a good explanation, then great! would instill confidence!

they most likely went after VRC cause they know how to spot a diamond in the rough  


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July 13, 2014, 04:10:54 PM
 #7611

People should take note of this. Not because of the hack, but because of the immediate step-up of the developers to defend the integrity of the coin.

Ladies and gentlemen, I do believe the bar has effectively been raised.

Agreed! This is not a fault in Vericoin yet the Devs moved quickly to minimize the damage to MintPal and folks who had their coin there. This shows their commitment to VRC and I, for one, applaud that!

DNotesVault
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July 13, 2014, 04:13:42 PM
 #7612

unfortunately it will be dumped when it return.. i just want it can recovery fast

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July 13, 2014, 04:14:42 PM
 #7613

so what are we supposed to do? update the wallet? backup the wallet?
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July 13, 2014, 04:15:05 PM
 #7614

Can any dev answer why mp would only have an issue with vrc and the attackers did not take btc or higher valued coins?  If what mp said was true and only vrc was hit, but had nothing to do with vrc?

Just looking for an answer, if there is a good explanation, then great! would instill confidence!


I am guessing the devs don't have time right now to come to this forum, please be patient.

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July 13, 2014, 04:15:42 PM
 #7615

how do they manage to take off with all the VRC when it requires 2FA to even proccess the withdrawl request... ?  this sounds to me like the Private keys for the hot wallet were exposed.. somewhow.. which is scary to consider.

inside job?
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July 13, 2014, 04:15:52 PM
 #7616

People should take note of this. Not because of the hack, but because of the immediate step-up of the developers to defend the integrity of the coin.

Ladies and gentlemen, I do believe the bar has effectively been raised.

+10
But thing about it widely:

1) Conclusion is that VRC is valuable to 8m /27 *100%  = 30% attacks...not 51%

2) Big hit into decentralization image of VRC "rolbacks" - shows that crypto is not decentralized coin...
So fork BTC before MtGox that way...

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July 13, 2014, 04:16:12 PM
 #7617

unfortunately it will be dumped when it return.. i just want it can recovery fast

Maybe, but everyone likes something that spreads well. No matter what you choose that thing to be.
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July 13, 2014, 04:16:20 PM
 #7618

Wow, 8 million coins stolen. That's like almost 1/3 of the entire coin supply and will definitely kill the coin if you just let the thief get away and dump all of those not to mention lose user trust and respect that you guys have been building up all these days. I hope you guys acted fast enough and there's not a lot of damage done and that dump on cryptsy was not the thief cashing out into bitcoins...
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July 13, 2014, 04:16:49 PM
 #7619

Great response from the Devs!
+10 Trust
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July 13, 2014, 04:17:08 PM
 #7620

so what are we supposed to do? update the wallet? backup the wallet?

We will have instructions soon.

Someone wants to cause VRC problems due to the fact its not just some other shit coin, but a real coin, with real, capable developers.

We the community take on the responsibility of Mintpals lack of common sense. So the smart people will be buying this dip, seeing the actions of the developers, dedicated and quick to take action. While some people panic sell, in the end, the person who hacked gets what they want for a short period of time, once cool heads prevail and the team gets it straight I wouldn't be suprised to see large demand.

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