8 Million Vericoin Hack Prompts Hard Fork to Recover Funds
Digital currency exchange platform MintPal has suffered a successful hack attack that resulted in the loss millions of vericoins from its hot wallet. The 13th July attack targeted a vulnerability in the site's withdrawal system. The hacker, according to an official statement from MintPal, was able to circumvent internal controls and authorize a withdrawal request for the contents of the vericoin wallet. Notably, the site's bitcoin and litecoin wallets were also targeted by those behind the attack. However, owing to MintPal's existing cold storage procedures for those wallets, user balances....
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