Post
Topic
Board Securities
Re: [BitFunder] Moving Forward/Resolution Process
by
JoseRolles
on 14/12/2013, 15:10:20 UTC
[...]
When it is POSSIBLE to release the full information as to what happened, that information will be posted and many on here will quickly become quiet. Has no one given it the thought that by revealing too much information could result in a decreased chance of getting those coins back?

The reason why the coins will be available for withdrawal to your own wallets on Monday is down to the precaution of making sure the remaining funds don't go missing too!

Here is my guess and I could be completely wrong...

1) There originally, really was a bitcoind issue.
2) Someone was involved to assist with this issue, either doing something with bitcoind or migrating to a different software.
3) A security hole/weakness was discovered in the (beta) Weex site and a majority of the coins were stolen, causing the withdrawals to fail. (Maybe the vulnerability was something originally negligible because the beta-Weex was ultimately going to be abandoned and a new Weex was going to be built, hence the new Weex site talk and mention.)
4) Since then, (and while we wait in oblivion), Jon had been racing to secure the remaining coins before the security hole could be exploited anymore. This may be the reason for secrecy.
5) Then, Danny became involved to help Jon write new code to facilitate a new secure way to initiate transfers on Weex (2.0) (maybe using some of the same techniques the bank-like Neo-Bee systems use).

* This would explain why "...revealing too much information could result in a decreased chance of getting those coins back..." They may now be finished with the new Weex, but before Monday they need to run the tests and the final "...precaution of making sure the remaining funds don't go missing too!"