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Topic: ★[ANN] [NAV] NAV COIN - Community Fund Live!!! - page 1204. (Read 2085654 times)

hero member
Activity: 644
Merit: 500

The developers of Navajo have confirmed that a successful double spend attack has occurred on the network with the attacker managing to sell almost one million Navajo on Bittrex.
Navajo has been gaining a lot of attention recently after switching the name from SummerCoinV2 and releasing a whitepaper detailing how the developers intend to implement anonymous technology and ironically using the catchphrase “The unbreakable code”. Earlier today after a wave of rumours of an attack on the network, SoopY, a core developer released a statement on BitcoinTalk:
Information shared by Bittrex, this is not a fork guys but a double-spend attack so to seem , the attacker had created a transaction within a private network and had moved the coins within 6 separately created blocks thus bypassing the 6 confirmations check at Bittrex end and they had allegedly dumped the coins for BTC and withdrawn the same and while the network reaching that block had orphaned it thereby the Bittrex wallet being short of the 937620 coins.
The double-spend attack was confirmed by Bittrex who stated that they had been working with the Navajo developers to resolve the situation and that “All coins will be replaced or honored one way or another”. The Navajo developers have said that neither the foundation nor the developers themselves own enough coins to initiate a double-spend attack and so it must have been a ‘whale’. There will be a hardfork and mandatory update but details remain unclear.
In a week that has tarnished the reputation of cryptocurrencies that use the proof-of-stake mechanism for transaction signing, this is more bad news. Earlier this week Mintpal’s security was compromised and a large amount of Vericoin stolen leading to fears of the potential for double-spend attack. The developers then ‘rolled back’ the blockchain to a block generated before the hack occurred.
Less than two months ago C2 suffered from a double-spend attack and had to take drastic measures to fix the problem.
Although news like this is never welcome, the developers seem to be busy trying to work out a solution. The last update from developer SoopY read:
Dumpers can dump , buyers will buy , but the Developer or the Foundation will never back down from the coin that’s my word.
We will keep you posted on developments.

Maybe its good to introduce yourself, you got 0 activity and nobody knows who u are Cheesy.
legendary
Activity: 1050
Merit: 1000

The developers of Navajo have confirmed that a successful double spend attack has occurred on the network with the attacker managing to sell almost one million Navajo on Bittrex.
Navajo has been gaining a lot of attention recently after switching the name from SummerCoinV2 and releasing a whitepaper detailing how the developers intend to implement anonymous technology and ironically using the catchphrase “The unbreakable code”. Earlier today after a wave of rumours of an attack on the network, SoopY, a core developer released a statement on BitcoinTalk:
Information shared by Bittrex, this is not a fork guys but a double-spend attack so to seem , the attacker had created a transaction within a private network and had moved the coins within 6 separately created blocks thus bypassing the 6 confirmations check at Bittrex end and they had allegedly dumped the coins for BTC and withdrawn the same and while the network reaching that block had orphaned it thereby the Bittrex wallet being short of the 937620 coins.
The double-spend attack was confirmed by Bittrex who stated that they had been working with the Navajo developers to resolve the situation and that “All coins will be replaced or honored one way or another”. The Navajo developers have said that neither the foundation nor the developers themselves own enough coins to initiate a double-spend attack and so it must have been a ‘whale’. There will be a hardfork and mandatory update but details remain unclear.
In a week that has tarnished the reputation of cryptocurrencies that use the proof-of-stake mechanism for transaction signing, this is more bad news. Earlier this week Mintpal’s security was compromised and a large amount of Vericoin stolen leading to fears of the potential for double-spend attack. The developers then ‘rolled back’ the blockchain to a block generated before the hack occurred.
Less than two months ago C2 suffered from a double-spend attack and had to take drastic measures to fix the problem.
Although news like this is never welcome, the developers seem to be busy trying to work out a solution. The last update from developer SoopY read:
Dumpers can dump , buyers will buy , but the Developer or the Foundation will never back down from the coin that’s my word.
We will keep you posted on developments.
newbie
Activity: 46
Merit: 0
Cool story bro. Ignored, I suggest other users to do the same.

http://www.webpagescreenshot.info/i3/53c4bb73692708-94027667
full member
Activity: 182
Merit: 100
*gives big john a crayon* calm down buddy.
legendary
Activity: 1778
Merit: 1000
Are you retarted or something? Stop using big font and talk like a normal person.
I AM USING BIG FONT, BECAUSE OF THE CRITICAL SITUATION
legendary
Activity: 1778
Merit: 1000
Are you retarted or something? Stop using big font and talk like a normal person.
What I do on this forum is none of your business - DO NOT TELL ME WHAT TO DO.
newbie
Activity: 46
Merit: 0
Are you retarted or something? Stop using big font and talk like a normal person.
legendary
Activity: 1778
Merit: 1000
The whole episode was a calculated attack by a powerful WHALE - it was aimed at causing FUD, so that people panic dump, while the WHALE buys at a bargain. This coin will NEVER BE CHEAP, WHEN ANON IS FULLY FUNCTIONAL.
This is a LAST OPPORTUNITY to buy at prices below 1000 or 2000 Sats.


For all we know you are this whale.
I am not a whale, I JUST DO NOT LIKE THE WAY THAT PEOPLE FALL FOR WHALE SCHEMES
newbie
Activity: 56
Merit: 0
Best entry ive had in months
sr. member
Activity: 258
Merit: 250
sounds like a bittrex problem to me, And it didn't have anything to do with the Navajo code, so its still unbreakable, because it wasn't using Navajo.
hero member
Activity: 794
Merit: 510
NavCoin Founder
who is phone
full member
Activity: 143
Merit: 100
The whole episode was a calculated attack by a powerful WHALE - it was aimed at causing FUD, so that people panic dump, while the WHALE buys at a bargain. This coin will NEVER BE CHEAP, WHEN ANON IS FULLY FUNCTIONAL.
This is a LAST OPPORTUNITY to buy at prices below 1000 or 2000 Sats.


For all we know you are this whale.
member
Activity: 75
Merit: 10
Thanks all for coins at 430-470 sats.  Smiley
sr. member
Activity: 518
Merit: 250
member
Activity: 199
Merit: 10
https://rangersprotocol.com/
did someone said up?
hero member
Activity: 504
Merit: 500
and we are going up again!
newbie
Activity: 56
Merit: 0
Higher resolution for your enhanced inspiration  Smiley

https://www.youtube.com/watch?v=oCE8jHLJe3g
sr. member
Activity: 252
Merit: 250
Lol, see you from the other side DUMPERS  Grin DO you see how the FUD has stopped? Hahaha.  NAV surely to the moon after the release today Grin
newbie
Activity: 56
Merit: 0
What happened to NAV can happen to any coin right?
YES. STOP DUMPING AND START PUMPING!

I will buy and HOLD.  Wink I support NAV! https://www.youtube.com/watch?v=1J_nSMj234g

That was inspirational
hero member
Activity: 504
Merit: 500
The whole episode was a calculated attack by a powerful WHALE - it was aimed at causing FUD, so that people panic dump, while the WHALE buys at a bargain. This coin will NEVER BE CHEAP, WHEN ANON IS FULLY FUNCTIONAL.
This is a LAST OPPORTUNITY to buy at prices below 1000 or 2000 Sats.


I wouldn't be surprised if you actually right...
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