Why did the site say speedcoin for a while?
It was launched as speedcoin, but there was a conflict with other coin with the same name. Also, it was suggested that Save Coin would better reflect the main feature.
What hack?
More details in this post:
Not really sure, just kind of playing the wait & see game right now. Hoping for the best, but it looks like someone hacked BeACryptoWhale.com. Can't say that I would believe anything till it's proven for sure, but here's what they posted... http://pastebin.com/WYMnHSHQ
"BeACryptoWhale's pastebin post"
Dear Crypto Community,
We feel that it is our responsibility to inform you that BeACryptoWhale.com was recently hacked by @BitcoinPhilip. This twitter user was put in charge of managing the fund for the month of August a total of 41.56442405($24,220) btc was taken from the main trading account.
Beacryptowhale.com has seized operations for the month of August and will be informing investors and the public with information as we deal with this problem. I the operator swear never to allow another trader manage the accounts. Please read below for more information regarding the transactions.
This occurred after all four deposits cleared
08/07/2014 03:20:26 AM BTC 18.77422605
08/07/2014 03:20:26 AM BTC 9.99980000
08/07/2014 01:48:00 AM BTC 2.79039800
08/07/2014 01:48:00 AM BTC 10.00000000
Soon after 5 purchases of SPC were made
08/07/2014 04:07:12 08/07/2014 04:07:12 BTC-SPC Buy 0.15000000 88.86005536 88.86005536 0.14999999 13.36233082
08/07/2014 04:06:32 08/07/2014 04:06:32 BTC-SPC Buy 0.15000000 183.39332447 183.39332447 0.07732058 14.21552919
08/07/2014 04:06:00 08/07/2014 04:04:54 BTC-SPC Buy Partial 0.00009968 10777.09853420 11276.40341993 0.00005027 0.54320773
08/07/2014 04:05:55 08/07/2014 04:05:54 BTC-SPC Buy 0.15000000 268.73073844 268.73073844 0.04980029 13.41632806
08/07/2014 04:05:14 08/07/2014 04:05:14 BTC-SPC Buy 0.15000000 268.90992090 268.90992090 0.00009994 0.02694473
Current balance of the trading account is
Disabled SaveCoin Disabled SPC 11586.99257337 0 0 0.24448554
Bitcoin BTC 0.00008352 0 0 0.00008352
Currently we have contacted Bittrex for more possible information on the account that purchased the SPC. We are sorry to inform the public and BeACryptoWhale investors that this has happened to the funds and currently we are looking into a way to pay back investors funds. We suggest all users to look into @BitcoinPhilip and contact law enforcement.
Crypto_Whale
***Again, just waiting to see what's the outcome of all this.***
Thanks for the info, I remember when that person bought a bunch of the coin for an unreasonable price. I do not see how that would hurt savecoin in the long term. Dev is active and people are mining the heck out of it right now. Not sure whats up with the website, but I am sure we will find out something about it very soon.