Post
Topic
Board Altcoin Discussion
Re: Mintpal hacked (VeriCoin)
by
foodies123
on 14/07/2014, 00:03:28 UTC
Quote
1) We lost a considerable amount of VeriCoin in the attack, however we have been working with the VRC developers and all major exchanges to hard fork the coin at a position before the attack. This will allow us to retrieve the stolen coins and facilitate all withdrawals. We are also working with various exchanges to accommodate any losses they may encouter as a result of the required fork.

This is a problem right here. Just because it's stolen does not mean they should be able to arbitrarily reverse the hack. If they're successful at hard forking, this will set precedence that any time there is a theft reported, devs can just hard fork again. This will eventually be abused, and corruption happens.

True on the bright side at least it was not the Bitcoin accounts that got broken into
Always scary when an exchange gets hacked
So someone broke into a shop, took the candy and left the register? Damn kids these days...

mintpal was most likely keeping it all in a hotwallet staking the shiznit out of it because you know ... profits.