[ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold - page 28.

GOLD_official

copper member

Activity: 650

Merit: 179

Quote from: bf5580 on March 31, 2021, 03:42:10 AM

Hello. Unfortunately, I cannot see my balance on Bitforex. Do you understand? I want to be sure to be safe.

Dear bf5580,

Please create the support ticket on Bitforex exchange. They will tell you the details about that.

Regards,
Support Team @ Digital Gold
https://gold.storage

bf5580

newbie

Activity: 5

Merit: 0

Hello. Unfortunately, I cannot see my balance on Bitforex. Do you understand? I want to be sure to be safe.

GOLD_official

copper member

Activity: 650

Merit: 179

Quote from: wwzsocki on March 30, 2021, 06:42:45 PM

Quote from: GOLD_official on March 30, 2021, 01:26:18 AM

You don’t have to worry about your funds. They are in a safe place. The next steps will be: creating a new smart contract, checking it, transferring the GOLD tokens to the holders’ wallets of the new smart contract...

Two more questions, can we still use Digital Gold Marketplace? Is it still functional and what with trading on exchanges?

Dear wwzsocki,

Please do not make any transactions with the GOLD token before the new smart contract release. The new smart contract will replace GOLD tokens in your wallet. After that, you can buy and sell them again through our marketplace or crypto exchanges.

Regards,
Support Team @ Digital Gold
https://gold.storage

tbct_mt2

hero member

Activity: 2254

Merit: 831

Quote from: wwzsocki on March 30, 2021, 06:42:45 PM

Two more questions, can we still use Digital Gold Marketplace? Is it still functional and what with trading on exchanges?

The marketplace will work with the new smart contract, not now.

Quote from: GOLD_official on March 30, 2021, 01:26:18 AM

The marketplace will work when the new contract will be created.

Quote from: GOLD_official on March 30, 2021, 04:51:28 AM

The Digital Gold LTD did not try to save money by creating smart contract on its own. They ordered such development by a large blockchain company then they gave the smart contract for the audit to the leaders in that sphere. Why that two companies made such big mistakes in their professional activities?

It is all about professional management for your business. The company provides Vault for gold bars is trusted too. The recent problem with smart contract is from the provider and I appreciate your team solutions to try to order a new smart contract from another big tech company.

wwzsocki

legendary

Activity: 2744

Merit: 1708

First 100% Liquid Stablecoin Backed by Gold

Quote from: GOLD_official on March 30, 2021, 01:26:18 AM

You don’t have to worry about your funds. They are in a safe place. The next steps will be: creating a new smart contract, checking it, transferring the GOLD tokens to the holders’ wallets of the new smart contract...

Two more questions, can we still use Digital Gold Marketplace? Is it still functional and what with trading on exchanges?

Leviathan.007

hero member

Activity: 1582

Merit: 722

Leading Crypto Sports Betting & Casino Platform

Quote from: GOLD_official on March 30, 2021, 04:51:28 AM

Dear LEviathan.007,

I do not know this, since I am not in a dev team. But I know for sure that it is not necessary to rush devs in creating a new smart contract.

By the way, as a GOLD token user, I have my own questions. The Digital Gold LTD did not try to save money by creating smart contract on its own. They ordered such development by a large blockchain company then they gave the smart contract for the audit to the leaders in that sphere. Why that two companies made such big mistakes in their professional activities?

Regards,
Support Team @ Digital Gold
https://gold.storage

Thanks for the answer,
Yes, no rush. Let them have enough time for creating the new contract and get it ready for the testing phase to make sure this won't be happen again.
All I can say regarding your question is you can not create a 100% secure smart contract, even the biggest and most experienced companies and devs make mistake some time, there is always a vulnerability and the attackers will find and abuse the vulnerability. In the other hand, Digital Gold is a valuable project, so, It's not surprising to see the smart contract got attacked. However, I believe after creating the new contract the team should spend some time for testing and scanning for the possible vulnerabilities to make sure about everything and increase the security level.

GOLD_official

copper member

Activity: 650

Merit: 179

Quote from: Leviathan.007 on March 30, 2021, 02:41:08 AM

So sad to see the contract address got attacked. But thanks god all the funds are safe.
Dear GOLD_official,
Do you know when the new smart contract will be created and ready to use?

Dear LEviathan.007,

I do not know this, since I am not in a dev team. But I know for sure that it is not necessary to rush devs in creating a new smart contract.

By the way, as a GOLD token user, I have my own questions. The Digital Gold LTD did not try to save money by creating smart contract on its own. They ordered such development by a large blockchain company then they gave the smart contract for the audit to the leaders in that sphere. Why that two companies made such big mistakes in their professional activities?

Regards,
Support Team @ Digital Gold
https://gold.storage

Leviathan.007

hero member

Activity: 1582

Merit: 722

Leading Crypto Sports Betting & Casino Platform

So sad to see the contract address got attacked. But thanks god all the funds are safe.
Dear GOLD_official,
Do you know when the new smart contract will be created and ready to use?

GOLD_official

copper member

Activity: 650

Merit: 179

Quote from: wwzsocki on March 29, 2021, 04:48:41 PM

Quote from: GOLD_official on March 29, 2021, 05:05:24 AM

...Recently our smart contract was attacked. As a result the GOLD token smart contact (developed by Ambisafe) will undergo extensive security audit. Once the audit is competed a new contract will be created and user balances that existed prior to the first hacking activity restored...

Of course is very sad info for Digital Gold project but I have trust in the team that they will resolve this situation.

As for now we need to wait for more updates but i am happy that my tokens are not compromised, only the price on exchange dropped not a big thing to be honest.

Especially if we can still sell at the good price on marketplace. Let's give them some time to fight the hacker. Fingers crossed team.

Dear wwzsocki,

You don’t have to worry about your funds. They are in a safe place. The next steps will be: creating a new smart contract, checking it, transferring the GOLD tokens to the holders’ wallets of the new smart contract.

The price has not changed. It is still 1 GOLD token equal to 1 gram of gold. The marketplace will work when the new contract will be created.

Regards,
Support Team @ Digital Gold
https://gold.storage

tbct_mt2

hero member

Activity: 2254

Merit: 831

It is bad temporarily with this attack but the team shown their good plans to fix and move forwards.

Yesterday, when I check the account in Vault and discovered that the amount of gold in the vault is untouched (not moved) and matches with total Gold tokens have been minted by the team, it is the confirmation that only the smart contract was compromised. And nothing bad happened with the gold team.

As a long time supporter of this project, I wish best for the team and the project will come back stronger.

wwzsocki

legendary

Activity: 2744

Merit: 1708

First 100% Liquid Stablecoin Backed by Gold

Quote from: GOLD_official on March 29, 2021, 05:05:24 AM

...Recently our smart contract was attacked. As a result the GOLD token smart contact (developed by Ambisafe) will undergo extensive security audit. Once the audit is competed a new contract will be created and user balances that existed prior to the first hacking activity restored...

Of course is very sad info for Digital Gold project but I have trust in the team that they will resolve this situation.

As for now we need to wait for more updates but i am happy that my tokens are not compromised, only the price on exchange dropped not a big thing to be honest.

Especially if we can still sell at the good price on marketplace. Let's give them some time to fight the hacker. Fingers crossed team.

GOLD_official

copper member

Activity: 650

Merit: 179

Quote from: cheezcarls on March 29, 2021, 01:49:24 AM

Quote from: GOLD_official on March 29, 2021, 01:24:15 AM

Quote from: Always AL on March 28, 2021, 10:28:12 PM

why did the price drop dramatically? I saw in Bitforex the trade is no longer available

Dear Always AL,

Please use our marketplace for the price check of the GOLD token https://gold.storage/en/market Currently our tech team is sorting out what happened. All user funds are in a safe place. The gold is in the Bullionstar vault. https://www.bullionstar.com/myaccount/audit account 17081. You can personally check it here.

A snapshot of holders' wallets was taken before the Bitforex incident. All gold tokens which were on users' wallets are safe.

Regards,
Support Team @ Digital Gold
https://gold.storage

Can you please answer the concerns of the community members here regarding the smart contract being compromised? Especially that your total supply already increased by millions? Any explanation on this?

Dear Cheescarls,

The contract was audited by ChainSecurity https://gold.storage/Statement-of-Security-Audit-for-Gold.Storage.pdf However, if it has been compromised, then all newly issued tokens have not been accepted for exchange on our marketplace.

How exactly the issue will be resolved is a task for our tech team.

Regards,
Support Team @ Digital Gold
https://gold.storage

Dear GOLD token holders,

Recently our smart contract was attacked. As a result the GOLD token smart contact (developed by Ambisafe) will undergo extensive security audit. Once the audit is competed a new contract will be created and user balances that existed prior to the first hacking activity restored.

Previous audit by Chain Security of year 2019 failed to discover the vulnerability.

Gold Storage has taken all actions according to all applicable industry standards to protect users and its assets.

We sincerely apologize for the inconvenience caused.

Regards,
Support Team @ Digital Gold
https://gold.storage

cheezcarls

hero member

Activity: 2254

Merit: 658

Revolutionized copy gaming platform

Quote from: GOLD_official on March 29, 2021, 01:24:15 AM

Quote from: Always AL on March 28, 2021, 10:28:12 PM

why did the price drop dramatically? I saw in Bitforex the trade is no longer available

Dear Always AL,

Please use our marketplace for the price check of the GOLD token https://gold.storage/en/market Currently our tech team is sorting out what happened. All user funds are in a safe place. The gold is in the Bullionstar vault. https://www.bullionstar.com/myaccount/audit account 17081. You can personally check it here.

A snapshot of holders' wallets was taken before the Bitforex incident. All gold tokens which were on users' wallets are safe.

Regards,
Support Team @ Digital Gold
https://gold.storage

Can you please answer the concerns of the community members here regarding the smart contract being compromised? Especially that your total supply already increased by millions? Any explanation on this?

GOLD_official

copper member

Activity: 650

Merit: 179

Quote from: Always AL on March 28, 2021, 10:28:12 PM

why did the price drop dramatically? I saw in Bitforex the trade is no longer available

Dear Always AL,

Please use our marketplace for the price check of the GOLD token https://gold.storage/en/market Currently our tech team is sorting out what happened. All user funds are in a safe place. The gold is in the Bullionstar vault. https://www.bullionstar.com/myaccount/audit account 17081. You can personally check it here.

A snapshot of holders' wallets was taken before the Bitforex incident. All gold tokens which were on users' wallets are safe.

Regards,
Support Team @ Digital Gold
https://gold.storage

Always AL

full member

Activity: 434

Merit: 100

why did the price drop dramatically? I saw in Bitforex the trade is no longer available

cheezcarls

hero member

Activity: 2254

Merit: 658

Revolutionized copy gaming platform

Quote from: GOLD_official on March 28, 2021, 01:41:12 PM

Quote from: cheezcarls on March 28, 2021, 11:50:55 AM

Can you explain the massive price dump here? Never saw this one coming in a sudden way!!!

This is the first time I've seen this coin getting dumped this big instantly. Probably a whale dumper or something?

Dear cheezcarls,
On bitforex exchange, somebody sold a big amount of gold tokens. There were not enough buy orders to buy that amount that's why the price fall. Right now you can see that price on Coinmarketcap and Etherscan.

This can happen on any exchange with any cryptocurrency. Just wait for the working days (now is the weekend) and then you can exchange tokens on our marketplace at a price of 1 token equals 1 gram of gold

Regards,
Support Team @ Digital Gold
https://gold.storage

Ok but in the marketplace, there's a big fee if I wanna convert GOLD to BTC. So you mean to say I wanna convert it first to 1 gram of gold before fiat?

hosseinimr93

legendary

Activity: 2380

Merit: 5213

What's happening? Is the smart contract compromised?
The total supply is increasing insanely.
The total supply should be 19,200. Even the supply shown by etherscan is 19,200.

Take a look at the balance of the address below.
0xedffb62e23b9b7933f1684441007cda232d3bd8f
It is holding more than 440 million tokens.

masterrex

full member

Activity: 1820

Merit: 107

Quote from: GOLD_official on March 28, 2021, 01:41:12 PM

Quote from: cheezcarls on March 28, 2021, 11:50:55 AM

Can you explain the massive price dump here? Never saw this one coming in a sudden way!!!

This is the first time I've seen this coin getting dumped this big instantly. Probably a whale dumper or something?

Dear cheezcarls,
On bitforex exchange, somebody sold a big amount of gold tokens. There were not enough buy orders to buy that amount that's why the price fall. Right now you can see that price on Coinmarketcap and Etherscan.

This can happen on any exchange with any cryptocurrency. Just wait for the working days (now is the weekend) and then you can exchange tokens on our marketplace at a price of 1 token equals 1 gram of gold

Regards,
Support Team @ Digital Gold
https://gold.storage

Hello! Admin can you check your smart contract there is an unusual activity that was happening it seems that the Gold Token supply was increasing by millions look at this address " 0xedffb62e23b9b7933f1684441007cda232d3bd8f " they are selling it by thousands, not just in Bitforex But also in UniSwap I suspected that the smart-contract was compromised.

GOLD_official

copper member

Activity: 650

Merit: 179

Quote from: cheezcarls on March 28, 2021, 11:50:55 AM

Can you explain the massive price dump here? Never saw this one coming in a sudden way!!!

This is the first time I've seen this coin getting dumped this big instantly. Probably a whale dumper or something?

Dear cheezcarls,
On bitforex exchange, somebody sold a big amount of gold tokens. There were not enough buy orders to buy that amount that's why the price fall. Right now you can see that price on Coinmarketcap and Etherscan.

This can happen on any exchange with any cryptocurrency. Just wait for the working days (now is the weekend) and then you can exchange tokens on our marketplace at a price of 1 token equals 1 gram of gold

Regards,
Support Team @ Digital Gold
https://gold.storage

cheezcarls

hero member

Activity: 2254

Merit: 658

Revolutionized copy gaming platform

Can you explain the massive price dump here? Never saw this one coming in a sudden way!!!

This is the first time I've seen this coin getting dumped this big instantly. Probably a whale dumper or something?

Topic: [ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold - page 28. (Read 30861 times)