Quote from: mercSuey on July 29, 2013, 01:05:26 AM

Quote from: neotrix on July 28, 2013, 11:54:46 PM

Quote from: Arbitrageur on July 28, 2013, 11:42:24 PM

Quote from: neotrix on July 28, 2013, 11:25:32 PM

Happy that a 24/24 monitoring and immediate update to 100 confirmations deposit with a special checking on each then TRC deposit, helped crypto-trade.com to be safe of such lost.

here something else I don't understand
during the attack 100 confirmations were a matter of a few minutes... since the blocks were generated with very high frequency... what difference did it make?

Letting few minutes more to check more about big deposits.

When you see 120k trc coming if you monitor as you know it is attacked, you usually suspect something...And lock the user for more investigation

Even smaller amount looking enornous compar to usual... Of course as said 24/24 monitoring is needed... Or the TRC trading should be stopped directly before any disaster... I agree on that

Quote from: roy7 on July 28, 2013, 11:53:09 PM

Quote from: Arbitrageur on July 28, 2013, 11:42:24 PM

Quote from: neotrix on July 28, 2013, 11:25:32 PM

Happy that a 24/24 monitoring and immediate update to 100 confirmations deposit with a special checking on each then TRC deposit, helped crypto-trade.com to be safe of such lost.

here something else I don't understand
during the attack 100 confirmations were a matter of a few minutes... since the blocks were generated with very high frequency... what difference did it make?

None. Coinotron had over 100 confirmed blocked they mined erased by the attacker before they suspended the TRC pool. The difficulty exploit made the attack unstoppable for the most part. In the main thread discussing the attack we were surprised trading was open at all.

I agree while coinotron is a pool, managed by only one operator. Pool also dont earn same fees than exchange and dont push same risk on users. We can understand that coinotron took time to react. An exchange shouln't run if is not 24/24 monitored, my opinion remains the same about this.

I completely agree. Good to know you have the proper safety checks at crypto-trade. I know Cryptsy also had alerts triggered and disabled accounts. Your efforts will help keep damage to altcoins to a minimum as the industry continues to mature, and for that I thank you.

-Merc

Thanks, nice to see some people more concerned on securities and future of cryptocurrencies.

Especially when it take 10 min to any programmer to make some script to check such special activities (big deposit...) We talk as admin of exchangers sometime managing hundreds of USD worth owned by users, also making good money with fees... I wont say more you got my point Wink

If admin of an exchange cannot hire some people to monitor 24/24, then exchange should'nt run or users should expect some lost anytime....Or just avoid this exchange.