[ANN] Titanium - World's First Decentralised Cloud Services Provider 🚀 - page 46.

badinvesterguy

full member

Activity: 196

Merit: 100

Quote from: Hotel_Prodeo on February 23, 2018, 08:18:13 AM

https://medium.com/@TBIS/tbis-begins-distribution-of-forked-ico-token-tbar-2ebe45f0f54c

TBIS Begins distribution of forked ICO token (TBAR) just 24 hours after announcing theft of 16 million BAR tokens.

In three separate updates today, the Titanium team has alerted their community of ICO participants & BAR token holders that, not only will their forked ICO token (TBAR) begin distribution just 24 hours after initial announcement yesterday of a 16 million BAR token theft, there is also a Titanium silver lining to this cloud. During investigation into exchange addresses for TBAR distribution purposes, Titanium COO, Richard Silver, discovered that ill fated transactions via smartcontract during ICO, originally believed to have resulted in loss of transfer for both parties, are now, in essence, recoverable. Amazingly, anyone who used an exchange address in lieu of a (required) Erc20 wallet address during ICO may now recover their lost transaction via this form: https://goo.gl/yivbYD

---------------
Until now I am not see TBAR in MEW, is anyone receive TBAR?

Not yet, I'm checking almost hourly ^^ will update asap.

Mankov

jr. member

Activity: 428

Merit: 7

Yes, so many coins / tokens get hacked, in the past, and they are now successful. I think it`s not over with titanium, because they managed it very well.

Hotel_Prodeo

sr. member

Activity: 588

Merit: 253

https://medium.com/@TBIS/tbis-begins-distribution-of-forked-ico-token-tbar-2ebe45f0f54c

TBIS Begins distribution of forked ICO token (TBAR) just 24 hours after announcing theft of 16 million BAR tokens.

In three separate updates today, the Titanium team has alerted their community of ICO participants & BAR token holders that, not only will their forked ICO token (TBAR) begin distribution just 24 hours after initial announcement yesterday of a 16 million BAR token theft, there is also a Titanium silver lining to this cloud. During investigation into exchange addresses for TBAR distribution purposes, Titanium COO, Richard Silver, discovered that ill fated transactions via smartcontract during ICO, originally believed to have resulted in loss of transfer for both parties, are now, in essence, recoverable. Amazingly, anyone who used an exchange address in lieu of a (required) Erc20 wallet address during ICO may now recover their lost transaction via this form: https://goo.gl/yivbYD

---------------
Until now I am not see TBAR in MEW, is anyone receive TBAR?

fulcare

sr. member

Activity: 588

Merit: 254

Quote from: CORNEL on February 23, 2018, 06:51:20 AM

Quote from: VanAllen on February 23, 2018, 06:41:37 AM

Quote from: adet23rc on February 23, 2018, 03:57:36 AM

This interview actually calmed me down a bit:

https://www.youtube.com/watch?v=5sUfBpilwJM

Its good it happend now, not 2-3 years later. I hope it will be a very good lesson for the team.

Good interview. Thanks for posting.

Detailed explanation and what is next step they are taking on this theft. I also believe now the team will learn from their mistake and will try to move into positive direction and will make this project more strong than before.

They managed the situation very professionally and it's also good that they informed the public as quickly as they could to not let get things out of control.

g.m.tyshenk

member

Activity: 392

Merit: 13

Quote from: Restyler on February 23, 2018, 07:23:49 AM

When the team first stages a "theft" so they can make an easy $2M and then say "welp lets make a new token now"... Genius :')

Many ICOs have a cache of tokens to support their platforms when they go live (as a way to provide token liquidity). So many ICOs could have an internal theft like this by a single individual or a few working together to steal from the company. If this was actually an inside hack, it would be incredibly difficult to prevent this kind of "inside" job and does not reflect on the many hard working and honest people developing this platform that are working at the company.
Do not generalize or condemn the entire company because of one fox among the sheep!!!.

Restyler

newbie

Activity: 33

Merit: 0

When the team first stages a "theft" so they can make an easy $2M and then say "welp lets make a new token now"... Genius :')

CORNEL

sr. member

Activity: 1008

Merit: 253

Quote from: VanAllen on February 23, 2018, 06:41:37 AM

Quote from: adet23rc on February 23, 2018, 03:57:36 AM

This interview actually calmed me down a bit:

https://www.youtube.com/watch?v=5sUfBpilwJM

Its good it happend now, not 2-3 years later. I hope it will be a very good lesson for the team.

Good interview. Thanks for posting.

Detailed explanation and what is next step they are taking on this theft. I also believe now the team will learn from their mistake and will try to move into positive direction and will make this project more strong than before.

g.m.tyshenk

member

Activity: 392

Merit: 13

Quote from: adet23rc on February 23, 2018, 03:57:36 AM

This interview actually calmed me down a bit:

https://www.youtube.com/watch?v=5sUfBpilwJM

Its good it happend now, not 2-3 years later. I hope it will be a very good lesson for the team.

That is a very good interview. And it is reassuring to know this is being dealt with.
Thanks for posting the link.

VanAllen

member

Activity: 240

Merit: 10

Quote from: adet23rc on February 23, 2018, 03:57:36 AM

This interview actually calmed me down a bit:

https://www.youtube.com/watch?v=5sUfBpilwJM

Its good it happend now, not 2-3 years later. I hope it will be a very good lesson for the team.

Good interview. Thanks for posting.

g.m.tyshenk

member

Activity: 392

Merit: 13

Quote from: chocobo21 on February 23, 2018, 01:17:44 AM

Quote from: g.m.tyshenk on February 23, 2018, 12:53:09 AM

I received my BAR as a bounty and I did not buy BAR through their ICO. So how does this redistribution work for this situation?
I have a little amount of BAR in myetherwallet (mew).
Do those who had BAR from airdrops and bounty need to do anything to get TBAR?

Yes don't worry man if you hold your bar tokens in my ether wallet then there is nothing to do, you will receive the t bar tokens automatically in your wallet in the next 28 to 48 hours. If you bought your tokens on exchange before a certain time then you will also receive t bar tokens for free but if you bought it too late then you will receive nothing. Bar tokens will be worthless after the t bar airdrop

Thank you. This is welcomed information. I am grateful for the bounty and also think the company is doing the right response by issuing a new coin and decommissioning the old one. Hackers and scammers should not profit from taking the BAR tokens!!!

adet23rc

newbie

Activity: 126

Merit: 0

This interview actually calmed me down a bit:

https://www.youtube.com/watch?v=5sUfBpilwJM

Its good it happend now, not 2-3 years later. I hope it will be a very good lesson for the team.

ninjamofo

newbie

Activity: 21

Merit: 0

Harsh news on the recent theft of tokens.

Steals84

full member

Activity: 504

Merit: 100

Dev team - greedy scammers! Embarrassed

Dont trust them and dont buy their new coins

miha

sr. member

Activity: 700

Merit: 252

i am so glad that i sold all my Bar after payouts) yesterday minus 70% it is crazy.

Tigerheart3026

full member

Activity: 902

Merit: 112

Quote from: chocobo21 on February 23, 2018, 01:17:44 AM

Quote from: g.m.tyshenk on February 23, 2018, 12:53:09 AM

I received my BAR as a bounty and I did not buy BAR through their ICO. So how does this redistribution work for this situation?
I have a little amount of BAR in myetherwallet (mew).
Do those who had BAR from airdrops and bounty need to do anything to get TBAR?

Yes don't worry man if you hold your bar tokens in my ether wallet then there is nothing to do, you will receive the t bar tokens automatically in your wallet in the next 28 to 48 hours. If you bought your tokens on exchange before a certain time then you will also receive t bar tokens for free but if you bought it too late then you will receive nothing. Bar tokens will be worthless after the t bar airdrop

Keep Calm guys if you hold some in your MEW wallet then store it and keep your private key safe. as long the founder announce that they issue another token or fork of BAR they will add on in an exchange market. Let's hope for the best that it will be finish soon.

chocobo21

full member

Activity: 308

Merit: 100

Quote from: g.m.tyshenk on February 23, 2018, 12:53:09 AM

I received my BAR as a bounty and I did not buy BAR through their ICO. So how does this redistribution work for this situation?
I have a little amount of BAR in myetherwallet (mew).
Do those who had BAR from airdrops and bounty need to do anything to get TBAR?

Yes don't worry man if you hold your bar tokens in my ether wallet then there is nothing to do, you will receive the t bar tokens automatically in your wallet in the next 28 to 48 hours. If you bought your tokens on exchange before a certain time then you will also receive t bar tokens for free but if you bought it too late then you will receive nothing. Bar tokens will be worthless after the t bar airdrop

g.m.tyshenk

member

Activity: 392

Merit: 13

I received my BAR as a bounty and I did not buy BAR through their ICO. So how does this redistribution work for this situation?
I have a little amount of BAR in myetherwallet (mew).
Do those who had BAR from airdrops and bounty need to do anything to get TBAR?

Trademarket

newbie

Activity: 56

Merit: 0

I just read good ole Mikey was gonna make a video so I posted the clapping to help celebrate. I don’t know where the gif came from I saved it awhile back I thought it may come in handy.

Jembut Ireng

sr. member

Activity: 586

Merit: 250

Quote from: tzegian on February 22, 2018, 06:57:54 PM

Update, 3:45pm (PST), Feb. 22nd:

•Titanium is proud to announce that TBAR has begun distribution to ICO participants!
•If your BAR is in an an Erc20 wallet like MEW, Metamask, or Ledger, TBAR will automatically arrive next to BAR in your wallet. There is no need to do anything else, please allow 24-48 hours for TBAR distribution.
•Anyone who used an exchange address during ICO may now recover their lost transaction via this form: https://goo.gl/yivbYD
•Anyone with BAR currently in an exchange will be provided a form ASAP. Please watch for official announcements @TBISINC.
•After urgent matters have been dealt with, Titanium will provide more information about the theft and new security procedures moving forward.

Thanks for the information, I hope this does not happen again and the team can be more vigilant and take lessons from this incident.

Highspeed123

full member

Activity: 280

Merit: 106

I'm happy with how they are resolving this issue. They are ready to start distributing the new token, that is fast. Can't complain about that. Hopefully we will find out what a actually happened later down the line too. It must have been an inside job for someone to have the private key.

Hopefully they can put this behind them and get to work on the project, and then go on to achieve success. I believe in the team and and tech.

Topic: [ANN] Titanium - World's First Decentralised Cloud Services Provider 🚀 - page 46. (Read 81037 times)