Quote from: FLH80 on August 28, 2018, 02:17:45 PM

Quote from: SWTCoin on August 28, 2018, 08:47:59 AM

Announcement: Our Biggest Investor from Korea has faced a Major Loss due to Hacking!

As per last traded price he has lost approximately 46500 USD worth of SWAT. He has never sold a single SWAT till now from the time of the Pre-Sale. He is very sad and depressed.

It is the time for all of us to stand with him and support him during the time of his distress.

The more important thing is the hacker who has stolen 28 million SWAT from our Korean Investor has transferred it to EtherDelta/ForkDelta accounts and has been putting in huge sale orders. This person should be punished and should not be allowed to benefit from this unacceptable low level activity of his.

For this I have worked out a plan. This plan will not trouble any of our investors and members. It only involves some cost to me and some more work on my part which I am willing to take up. I request all our community members to support me in executing this plan.

Till we complete this I request our Community Members not to trade on EtherDelta or ForkDelta or any other exchange and be patient.

I will announce the process of coming out of this problem in my next post.

Meanwhile I request every one to keep their Private Keys, Passwords, Recovery Phrases etc., safe.

Thank you for your support Everyone!

Terrible news for sure. If our fellow investor cannot recover the lost SWAT I would also be happy to transfer some to them to assist in recovery. Also would this have possible if an external ledger / wallet were used? I am unsure about the possibilities or likelihood of hacking either one.

FLH80, since only 28 million SWAT was taken it is more a case of stolen coins that hacking. We will think of having our own hardware wallet soon. SWATLedger, SWATVault, SWATLocker or something like this. See my earlier post with the solution.