Post
Topic
Board Announcements (Altcoins)
Re: [ANN][WEBD] WebDollar - Currency of the Internet | Mining directly in browser
by
cristiwn
on 12/07/2018, 10:59:21 UTC
Straight out of telegram chat :d

WebDollar.io - Alexandru Budisteanu:
A few days ago we encountered 2 types of attacks.

1. One out of 40 Genesis wallets was stolen - via a malware we believe now.
2. Botnet attack for increasing to ~ 1 GB/s the Global Difficulty blocking network for 2 hours. This had been done by somebody with a powerful Computation Power. After 60 hours of straight coding, we were able to finally solve all the attacks damages. We did an update on experimental pools and now in the main network too. The update contains two updates 1. Hard fork to "cancel" the effect of ALL transactions sent by the attacker using the Stolen Wallet. 2. Network optimizations for preventing other 50%+1 to change the Network Global Hashrate (difficulty). Right before doing the update, someone which was in our intranet did cut our internet connection and then after we connected directly to the internet our computers was attacked with ddos.

The blockchain was secured and resisted all the above attacks. Everything works perfectly fine now and the script that "cancel" the effect of the transactions was in place during this fork. I want to add the fact that the transactions are still on the Blockchain because even we can not alter the Blockchain, but the new set of rules "cancel" the effect of those transactions and recover the entire sum.

This is bullshit. A 51% attack cannot be used to steal money from a wallet, only the private key owner can sign the transaction. The developers are lying big time.

This text has been captured in the Telegram chat where things have been probably explained in an unclear way. An official statement would probably been redacted better.
Even if the mechanics of what has happened is not totally clear from this text, my personal impression is that the competence and proactivity shown by the team to successfully repair the damages of the attacks are quite obvious, which is proved by the fact that everything's fine now.

The team has shown that they are incompetent and now they are lying to the community.
There is nothing unclear, they said that a 51% attack was used to steal funds and this is a lie.

In the text is never mentioned that the 50%+1 attack was used to steal the wallet.
Having also a 50%+1 happening while wallet has been stolen, they had to fix both things, obviously