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Topic
Board Announcements (Altcoins)
Topic OP
[ANN] Potential Premine SCAM coins: RainbowCoin Evercoin
by
micryon
on 04/05/2014, 06:55:50 UTC
Hey guys.. in the wake of the Asiacoin mega-scam.  We've been doing some forensics on the code to understand the premine scam.. my full analysis is listed here:

https://bitcointalk.org/index.php?topic=566870.msg6535095#msg6535095

This code was also found in SHACoin, which had the exact same premine SCAM that was exposed a week earlier.

cruncher on IRC had a great suggestion to search all of github for a particular string that was associated with the obfuscating premine.

The segment of code resides in the RPC call, that seeks to intercept the amount of coin by returning a modulo version of it.

The result of that search is here: "https://github.com/search?p=1&q=amount+%25+%28MAX_TX_FEE+*+COIN&ref=cmdform&type=Code"

As you can see the string shows up in a bunch of other places (including the AsiaCoinFix repo i pushed up for the forensics exercise).

The following hits to coins were identified:
  EverCoin - never heard of this
  RainbowCoin - recently launched
  ShaCoin - known premine scam
  ccc/qbcc - ??
  BeeCoin - ?
  QuarkBar - premine scam found,  patched



Now it may be the case that some devs accidentally forked a code repo unknowingly.. or the coin has already found the issue and patched it, or maybe this isn't even the original location of the code..

I didn't check the actual blockchain itself to verify.  This is just from a github search using the "obfuscation code"..  But if this code is deployed even without knowing.. it really ought to be patched up anyhow.

Up to everyone's own due diligence to check their own coins now..