Mintpal hacked (VeriCoin)

[Petr1fied]

job well done verifunnycoin and mintpal. that's gonna help the whole crypto world


sadly the sheep will jump right back at verifunnycoin and put more money in it

I think it's more likely that the value of VRC will crash to the floor as a result of this.

I'd also expect many people will pull all their coins out of MintPal too, by failing to accept financial responsibility for their incompetence they're going to lose a lot of customers.

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[tylerderden]

Funny how the rival coins come here and talk shit. So if your coin or even bitcoin had HALF of their coins stolen you would what? Close up shop and call it a day? Please. Mintpal fucked up, that is their problem, VRC is doing what they have to to not be killed off. Don't like it go buy your blackcoin then or whatever your into. I find it hard to believe that any of you would let your coin die and let some scumbag thief that is headed to pound-me-in-the-ass-prison keep all your coins, in fact maybe we will get to see one day what your choice is. You don't like the blockchain being set back a few hours but your cool with thieves stealing 2 million dollars from your exchange. Your ok with darkcoin instamining a huge chunk of the coins? Blackcoin guys taking money for some wall street charade that never happened and no refund to the people that paid for it? right.You guys have some fucked up priorities. Sorry but VRC is dealing with a problem that they didn't create to ensure the survival of their coin and any one of you would do the same in a similar situation. Or maybe not, maybe your good with people stealing your shit. I say fuck the thieves, if VRC doesn't survive oh well at least the dirtbags didn't get their payday, Let the chips fall where they may. Pretty sure Satoshi would do whatever to keep the thieves from winning as well. Carry on with your bullshit...

[tylerderden]

How many times has darkcoin hard-forked again?

[damiano]

Does Bittrex keep their coins in cold storage?

[InvestorPerson]

Does Bittrex keep their coins in cold storage?

would you believe they do if they say so?

mintpal told the same, now it seems they did not

[Dread Pirate Roberts]

you must read full

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.

[Petr1fied]

Nobody wants to see a thief prevail but on the flip side of the coin Mintpal should not be rewarded for their incompetence. If they hold all their VRC coins in a hot wallet you can be sure that this kind of thing is endemic across their site.

If they lose their customers BTC or LTC in the same manner there is no way the developers will roll back the blockchain for them.

[cinnamon_carter]

strange days indeedd

the bank robberies of the 21st century

[Kuttingcorners]

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.

This is a problem right here. Just because it's stolen does not mean they should be able to arbitrarily reverse the hack. If they're successful at hard forking, this will set precedence that any time there is a theft reported, devs can just hard fork again. This will eventually be abused, and corruption happens.

Thats exactly how I would have said it ( if I was the one who stole the coins )!!!!!!!!!!!!! Honestly though we should tip this guy a bit because he showed us the weakness of the exchange and coin!!!

[Kuttingcorners]

I think ANYWAY to get money out of scammers hands is the way to go. i wish i knew who the guy who scammed me was, i would fly down to his shitwater town and smack him with a frying pan

[ThousandFaces]

Funny how the rival coins come here and talk shit. So if your coin or even bitcoin had HALF of their coins stolen you would what? Close up shop and call it a day? Please. Mintpal fucked up, that is their problem, VRC is doing what they have to to not be killed off. Don't like it go buy your blackcoin then or whatever your into. I find it hard to believe that any of you would let your coin die and let some scumbag thief that is headed to pound-me-in-the-ass-prison keep all your coins, in fact maybe we will get to see one day what your choice is. You don't like the blockchain being set back a few hours but your cool with thieves stealing 2 million dollars from your exchange. Your ok with darkcoin instamining a huge chunk of the coins? Blackcoin guys taking money for some wall street charade that never happened and no refund to the people that paid for it? right.You guys have some fucked up priorities. Sorry but VRC is dealing with a problem that they didn't create to ensure the survival of their coin and any one of you would do the same in a similar situation. Or maybe not, maybe your good with people stealing your shit. I say fuck the thieves, if VRC doesn't survive oh well at least the dirtbags didn't get their payday, Let the chips fall where they may. Pretty sure Satoshi would do whatever to keep the thieves from winning as well. Carry on with your bullshit...

Clearly you own VRC.

You emphasized everyone's point in your childish rant. You're right, VRC didn't create the problem, that's why they should back off. They are extending their hand of power where it doesn't belong.

...and I will make sure to follow your posts more often now that I know you're Satoshi's PR frontman.

[alani123]

Some people never learn. Exchanges made months ago will surely have unexpoited security holes. Hell, there are even services that set up an exchange for you for a fee. If you want to trade your coins, do in in one of the old and established exchanges that have proven themselves for being stable and safe. It's surprising to me that exchanges like mintpal, with a HUGE daily volume can't find people to deal with their issues. This whole hack would have been prevented by hiring someone to look at the code fulltime. And what's their solution? They ask the developers to hadfork the network just to cover their asses.

[smoothie]

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.

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

LOL there are no do-overs in the real world.

Imagine if the Bitcoin devs said "okay 750,000BTC were stolen from MTGOX" let us roll back to before the loss and restore the coins.

lol If the entire network doesn't want to rollback good luck. 

[smoothie]

I would like to know how many VRC were stolen/lost.

[smoothie]

The whole idea of rolling back a blockchain because an exchange lost coins is ridiculous. Mintpal should make good on the losses out of their own pocket for their sheer incompetence. Even if it means the death of their exchange and the collapse of the market value of VRC.

If they can't secure their customers coins and aren't prepared to pay for their own mistakes in the event of a security breach then they don't deserve to be in business.

A roll-back and hard fork would be the equivalent to BAIL OUTS of the big banks in 2008.

Fucking retarded.

[smoothie]

Looks like the devs will fork:

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 luck to all who hold and use VRC. This sets a precedent. VRC is now forkable if someone fucks up in their exchange management.

[pineapples]

or.
a short lesson on how to reverse irreversible transactions, and make a trustless system reliant on centralised agreement.

[smoothie]

or.
a short lesson on how to reverse irreversible transactions, and make a trustless system reliant on centralised agreement.

POTAYTO, POTAHTO....same thing.

[Bobsurplus]

SO has a rollback happened, or is this all just talk so far?

[adhitthana]

The whole idea of rolling back a blockchain because an exchange lost coins is ridiculous. Mintpal should make good on the losses out of their own pocket for their sheer incompetence. Even if it means the death of their exchange and the collapse of the market value of VRC.
If they can't secure their customers coins and aren't prepared to pay for their own mistakes in the event of a security breach then they don't deserve to be in business.

A roll-back and hard fork would be the equivalent to BAIL OUTS of the big banks in 2008.
Fucking retarded.

Except with the bail out, money was produced out of thin air to bail out the banks. At least here the thieves don't gte the coins and the owners get them back. (unfortunately with the bail out the people responsible ended up with more money )

I wonder though if there is a way to trade coins without having to reply on an exchange?
Is that what blackhalo does in some way.

I'd be pretty concerned if this was due to MP trying to stake the coins and thus leaving them online.
Maybe we need exchanges to be more transparent