Post
Topic
Board Altcoin Discussion
Re: VeChain Foundation buyback address hacked
by
Nadziratel
on 14/12/2019, 14:51:11 UTC
Quote
December 13, 8:27pm (UTC+8), the VeChain Foundation buyback address was compromised. Approximately 1.1 billion VET tokens in this address were transferred into 0xD802A148f38aBa4759879c33E8d04deb00cFB92b, the hacker’s address. All the addresses associated with the said hacker’s address have been tagged on VeChainStats, the list is automatically updated as soon as the hacker sends any funds from the original hacker’s address.

https://medium.com/@vechainofficial/vechain-foundation-announcement-8459492ee039

So another hacked was experienced by crypto project. I don't know what much it in dollars but I will assumed its huge amount again. It's sad to hear this kind of hackings in crypto sphere, but then again those criminals are always one step of the game.

I don't think this is professional. It's more like the mistakes of a simple project. Vechain would have to be more careful about it, and they can't compensate for the damage. Unfortunately, the biggest problems that investors often face are due to the unprofessional behavior of the teams.
Mismanagement? Seriouss?