Post
Topic
Board Announcements (Altcoins)
Re: [ANN][CLAM] CLAMs, Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin"
by
SuperClam
on 21/11/2015, 11:42:29 UTC
Why haven't I ever heard about this ?
http://www.coindesk.com/poloniex-loses-12-3-bitcoins-latest-bitcoin-exchange-hack/
Quote
The hacker discovered that if you place several withdrawals all in practically the same instant, they will get processed at more or less the same time. This will result in a negative balance, but valid insertions into the database, which then get picked up by the withdrawal daemon. ~ D'Agosta
Quote
If I did not make this adjustment, people would most likely withdraw all their BTC as soon as possible in order to make sure they weren't left in that remaining 12.3%.
Does anyone else notice the same "oh noes how did that happen ??!! I'm a stupid noob and/or I got hacked" narrative ?

If I am not mistaken, Poloniex quite swiftly paid back the "12.3%" via exchange fees.
Don't quote me though, as I am not positive.
Remember hearing about it ages ago.

Let's try to stay on topic.