Opal Recovers $1.7 Million Coins, Cancels Blockchain Rollback
Opal team took back its resolution to rollback the blockchain after recovering 65% of the stolen coins from the hacker. On December 15th 2014, the Opal crew discovered a malicious wallet attack that ultimately cost them around 2.5 million coins . In order to reduce the impact of the hack, the team reached the Opal community with a proposal to rollback the blockchain. A majority of Opal users favored the suggestion and the team consequently made their democratic decision public. Soon after, the hacker contacted the Opal team to negotiate. He subsequently agreed to return a stash of 1.7....
Related News
Opal Coin, a coin which I had the chance to talk with the team behind it. With both Coins Source trust verification as well as Crypto Asians Proof Of Developer, Opal is a coin that first went through a X13 POW phase and is now in its POS stage, with 5% interest annually. Opal now is in the works of releasing their own market, where users can buy and sell goods as well as services for Opal. Opal is a cryptocurrency focused on security, anonymity, and usability. This has led the development team to integrate specialised technologies for the benefit of all Opal users. The centerpiece of the....
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....
OpalCoin started as a privacy-minded cryptocurrency, utilising stealth addresses to preserve anonymity. OpalCoin soon entered the Bitcoin 2.0 arena with DriveShare, a decentralised file-sharing application. Now the Opal team appears focused mostly on DApps; we sat down with lead developer Whit Jack to get the latest details. Andrew Wagner: So, tell us about your background. Why did you choose to start Opalcoin? Whit Jack: Well, I was originally brought onto Opal as an altcoin dev-for-hire. But I ended up falling in love with the Opal community, and I decided to stay, and Opal became my....
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....
CoinSwap attempted an upgrade on Thursday, December 18th, which resulted in an outage lasting until 10:00 AM Eastern on Monday, December 22nd. This afternoon we talked with site owner Ian Childress to learn more about the outage. The outage itself was due to an oversight during the upgrade. A unique index for the site database was missing, which caused incorrect balances for some accounts, and permitted others to attempt to place oversized orders or withdraw more coins than they actually had. The community's IRC channel spotted this problem before any serious damage was done, and the....