Official NXT Decision: No Blockchain Rollback
In a tight and tense time, NXT has reached out to CCN to inform us and our readers that they will no longer be considering a blockchain rollback. After the BTER cryptocurrency exchange hack and theft of 50 million NXT coins, the community has been waiting for something to happen. This story has evolved from initial theft to ransom, to the hacker not fulfilling their end of the ransom, to bidding wars, to the blockchain rollback being offered and then taken off the table. In the event full of twists and turns, the NXT community stands by and the cryptocurrency world watches as the latest....
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NXT developers announced to CCN that there would be no rollback. To view the announcement, visit our article here. This morning, around 50 million NXT was stolen from the popular cryptocurrency exchange BTER. The number is outstanding, as the amount stolen is near five percent of all NXT in existence. The proof-of-stake coin's community is now faced with a difficult decision that Vericoin developers faced a few months ago when hackers stole Vericoin from Mintpal. Either NXT allows the thief to get away with the funds, or they rollback the blockchain to just before the theft transaction....
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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....