VeriCoin Developer Speaks with CCN on MintPal Hardfork
Recently, the digital currency exchange MintPal was successfully attacked. VeriCoin was the target, and nearly 30% of all the VeriCoin in existence were stolen. In a time of quick decisions, the VeriCoin developers came in contact with MintPal and decided to hardfork their blockchain to a point before the transaction. The decision has caused some conversations to come forth of the hardfork that has the altcoin-community debating whether this decision was the right thing to do. Patrick Nosker, one of the developers for VeriCoin, sat down with CCN to talk about the decision and the....
Related News
Mintpal, a popular altcoin exchange, has been hacked. In their official announcement of the matter, they revealed that the hacker specifically targeted Mintpal's large VeriCoin holdings. Mintpal was in control of 30% of existing VeriCoin, all of which was stolen by a yet unidentified hacker. Mintpal has emphasized to its users that they are still processing withdrawals for all other coins; however, they have not revealed the exact vector of the attack. Mintpal and other VRC exchanges have worked directly with VeriCoin developers to come up with a seemingly satisfactory solution for all....
Moolah has recently picked up Mintpal, the cryptocurrency exchange gaining a lot of publicity recently for events such as the attack with Vericoin ,requiring it to fork. This is a major deal because at the time, Mintpal was currently in possession of 30% of all Vericoin in circulation.Luckily Mintpal and Vericoin developers worked out a solution to thwart the hackers attacks, but something like this still shakes up the public’s trust and opinion of something, in this case an exchange. Mintpal on their official blog said: In regarding the acquisition of Mintpal, Moolah is in fact splitting....
Recently a discussion over whether or not a cryptocurrency Blockchain is free to tamper has been rekindled. The debate has been around since the beginning of cryptocurrency and Bitcoin, but it has resurfaced as two altcoins now have recently come to this monumental decision. The first was VeriCoin; the second was NXT. So, is the blockchain sacred, or something that can or should be changed under certain special circumstances? CCN. A few months ago, Mintpal cryptocurrency exchange, now owned by Moopay LTD., was a victim of a massive VeriCoin hack leading to the theft of 30 percent of all....
Major altcoin exchange Mintpal has been hacked and an undisclosed amount of VeriCoin has been taken from the exchange. According to a statement posted on the exchange's official blog, the company is working with VeriCoin developers to fork the blockchain and recover the funds. At this time, the exchange is no longer processing VeriCoin withdraws. All other coins can still be withdrawn from the exchange. Mintpal stresses that VeriCoin's network itself is secure and wasn't the cause of the attack. Instead, Mintpal admits that it was its own security that was compromised and seems to imply,....
NXT has announced to CCN that there will be no rollback. To read the announcement, visit our article here. Earlier this year, the cryptocurrency exchange MintPal, now owned by Moopay LTD., became the victim of an attack. The hacker got away with eight million VeriCoin, a staggering 30% of all VeriCoin in existence. The theft caused the VeriCoin developers to face a decision to roll back the blockchain and effectively erase the transactions from occurring, returning coins to Mintpal's customers. Today, cryptocurrency exchange BTER was hacked, and the thief got away with 50 million NXT, a....