Post
Topic
Board Announcements (Altcoins)
Re: [ANN][BETA][EXCHANGE][REALTIME] CoinEX realtime exchange
by
Beggars
on 29/03/2014, 06:57:45 UTC
Finally. You're slowly getting the hang of it, Vitaly. Now how about that promised presentation you guys were working on you said was coming "definitely this week" in your Tweet? I understand this must be a difficult situation, but your silence has been your downfall. If you had been honest, upfront and above all communicated with your site users about what was happening, people would be a lot more understanding of the situation.

However, all I keep hearing is excuses. All words, no action. Answer these questions and maybe, just maybe depending on how honest you are in answering them, will people be more sympathetic.

1. Why were all coins sitting in hot-wallets? For someone to have hacked the site and taken all of the coins, they would have had to be sitting in hot-wallets, right?

2. Was there any kind of hot to cold wallet storage procedures in place. And if so, why did it not stop all coins being taken?

3. Was this second attack the same kind of attack as the first? Did the attackers get in and steal the coins via the same method/loophole in the exchange platform, and if so, why wasn't it fixed the first time?

4. How were the coins taken? How did they get in and what kind of attack was it? Was it a result of bad code that caused the hack, was it an unsecured server, was it an inside job?

5. You mention having spoken to security auditors, what companies are being considered for the task? Naming names won't be a security issue, so please tell us who will be doing the audit.

6. What measures were in place to prevent such attacks and why did they fail? Were you using any kind of firewall, was the site being hosted on a VPS, dedicated server, bare metal server?

7. AND MOST IMPORTANTLY: How many coins were stolen and how are you planning on replacing all alternative cryptocurrencies on the site that aren't obtainable via fiat? Will you just be replacing the alternative crypto in an equal amount of Bitcoin instead?