Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official
by
jimhsu
on 19/02/2014, 21:43:57 UTC
Those 35K coins, were the XCP deposits in Poloniex central account. The white hat hacker, withdrew these coins from the central address and deposited it back to Poloniex and sold then on the exchange for a low price.
The order depth in Poloniex was around 100 BTC. So, the hacker took these BTC, but left some of them in the exchange.

And what happens from here? The white hat will return both XCP and BTC back to Poloniex?
The white hat return the XCP to Poloniex. The BTC is still under discussion. It depends on the benevolence of the hacker.
Also, the protocol has been patched, re-indexing the database and resetting the XCP from the transactions. The same cannot be done for BTC.




Final word is still from busoni, but most likely what will happen is that all trades after the 35000 deposit will be cancelled and reversed. I'm guessing XCP/BTC withdrawals will be handled separately.

Busoni: "The dump will stand".