[ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released

[Isokoira]

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.

Just read this also, hopefully everyone for the most part had their coins staking and not on the exchange.   

[virus021]

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.

https://support.mintpal.com/index.php?module=announce&sec=view&id=17

[SeDz]

That's not VRC devs fault.. Mintpal got attacked
it only show us how much vrc is getting big.. they attacked mintpal only to disturb vrc

[Killiz]

Time to Buy!! Nothing to do with Vericoin security, but rather an attack on mintpal itself. Catch those falling nuggets of gold   

[blade87]

Time to Buy!! Nothing to do with Vericoin security, but rather an attack on mintpal itself. Catch those falling nuggets of gold   

Maybe if VRC would actually make their services decentralized... but instead if one flaw is found the entire network is affected. And of course the exchanges are going to be the targets given they are the ones holding the most VRC.

[pnosker]

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.

[pnosker]

Time to Buy!! Nothing to do with Vericoin security, but rather an attack on mintpal itself. Catch those falling nuggets of gold   

Maybe if VRC would actually make their services decentralized... but instead if one flaw is found the entire network is affected. And of course the exchanges are going to be the targets given they are the ones holding the most VRC.

VeriCoin's centralized services do not hold much coin in them. An attacker would be disappointed with proceeds gained.

[Reavon]

Funny think when they hack mint pal and see that all of our coins are staking lol vrc long live it!!!!

[Killiz]

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.

Good going pnosker!! Very quick response to a very serious attack on an exchange. Good work!

Only thing is? When exactly did this attack happen? As I know all transaction after the last block before the attack will be nulled.

[ezimedia]

the person would be dead if I got my hand on him or them... mess with my money you mess with your life..

[benthach]

sucks! it's going to be a mess

[criptix]

Time to Buy!! Nothing to do with Vericoin security, but rather an attack on mintpal itself. Catch those falling nuggets of gold    

Maybe if VRC would actually make their services decentralized... but instead if one flaw is found the entire network is affected. And of course the exchanges are going to be the targets given they are the ones holding the most VRC.

that doesnt make sense what you say, vulnerability was on mintpals side.

im sorry that you missed the train  

/edit

btw, if that 8 million vrc were lost.... damn i woulda been a rich man with my amount 

[Killiz]

Don't move your Vericoins guys! Don't send from anywhere until you have updated to the newest client, soon to be released!!! Stay tuned for Dev team response!

[Fippy]

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.

[chunkyjunkie]

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!

[Killiz]

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 would suggest it was an attack on the security of mintpals wallets. Obviously not very bulletproof. As we all know cryptos are bulletproof, else we would have billions of the bloody bastards running around. 

[irlandescoin]

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.

[pnosker]

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.

[BadAss.Sx]

The attacker targeted BTC, LTC, and VRC.

Like the attacker would have thought:

I go for the 3 biggest coin

[bitcad4u]

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.