Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 529. (Read 1192000 times)

Bittrex is full of bots that pump up the prices on the cryptos. Its nothing close to stable.

our estimate is less than 25 btc
so to put it in perspective this is a relatively small event compared to historical

I have released a release candidate that is generating new blocks and the notary nodes are testing it. I think it has been about 12 hours since I first saw the attack, but if all goes well we will go from the current transition mining to free for all at 236000 and resume normal dPoW block generation.

Since I have been up for a while, I want to make sure we get past the transition to 236000 before onboarding the exchanges.

Would want a few hundred more blocks before the GPU pools come back in.

The result of this event is that 1.5 million KMD was created in the mainchain, but they are frozen, so the 1.5 million KMD isnt going anywhere. However, after it was announced that the chain will be stopped and restarted at 235300, the attacker started mining like crazy essentially creating his own chain. And with most of the block generation going offline, the attacker ended up with a lot of blocks which he stuffed full of illicit KMD.

bittrex had deposits disabled, so there was no illicit KMD traded at bittrexx
cryptopia only had a very small amount

but cryptox ended up with about 3.5 million illicit KMD, most of which traded at significant discounts to the bittrex market. We are currently working out what to do about that situation.

the mainchain doesnt have those 3.5 million KMD, most of it was mined on the attacker's private chain after notice of 235300. We realize people's concerns over their funds. Let me make clear that your KMD was not at risk during this entire episode. The potential dilution from massive illicit coins has been prevented.

I think the worst outcome for people would be that they wont make windfall profits from buying KMD at 200 sats on cryptox, yes some traded for that low. It is a balance between the interests of the low price purchasers and the community at large. This trading was with the illicit KMD and not the mainchain and it is too bad that we didnt have time for all the exchanges to block deposits.

Quite an eventful start to the week. KMD is generating blocks regularly again and with the exception of the cryptox low price buyer windfalls, I think all the other issues are now under control.

I will try to get some rest and hope for a clean resolution on the cryptox issue

The project is excellent,
What should be done to arrange the price?

When all the hate starts coming that's the best time to buy. Buy when others are fearful and sell when people are greedy. Warren buffet.

When companies have issues and still a bright future. Hold tight

The high rollers arent happy lol.

Shit happens,

Its not the first and it wont be the last coin to have a hicup (inc. BTC)

The important fact is it was identified early,will be fixed and the dev team were open and honest about what happened.

On the contrary, KMD notary nodes displayed why they are of existence.  To patrol any unscrupulous activities happening inside the blockchain. The past incident displayed how quick the response and the reaction of the team. For the record some had worse in the past but still recovered and made stronger stands. I don't see a disaster , I honestly see opportunities . KOMODO is a great project . A bug for exploits is a part of growing pains for any crypto projects . Dont despair KMD will recover and be more secure than before.

you so rich...
you can give me 0.2 btc too

Hm, i was wrong about 6-7 months.
0.00006 already only in 3 weeks.

"Very good" project

All projects of jl777 - bullshit. "The ICO was a success and we raised 2639 BTC"... 2639 BTC !!!!!!For what ?!
No working wallets without bugs...Just a simple wallet !!! Can't protect his coin from hacker...omg

Hey richy rich  jl777 refund me my 0.2 BTC to this address 183rdtkfBmDtAsJSWfTSq2mJdrB6BFCBpU
and give me your shitomodo address, i'll sent you your shit back.

Welcome to 1000 satoshi soon...

Next time kids don't buy overpriced coins or else you will regret in the early mos to come. Im going to wait when it hits 1k satoshi

Komodo team need to be ashamed of themselves,with all the delay and hype they can only offer this shit. How are we even sure this is not an inside job by the team to crash the price. I will never touch any project you guys are involved in again, the team have been disappointment.

Why are you sure in it?

No, Other low-volume exchanges

Did attacker deposit to bittrex?

trading on bittrex has not stopped and has been trading all morning;

https://bittrex.com/Market/Index?MarketName=BTC-KMD

what happens to these trades after the rollback?

Very sad day for KMD. I don't know if it will ever bounce back from this.  It was already drifting steadily lower.  But time will tell.

Thanks for the update. James is working fullspeed now. Fix is coming.

We are preparing an update/announcement

Here's what happened:
 - An attacker found a bug, which he tried to quietly abuse
 - A notary node saw it, and we pushed a fix
 - The attacker saw that a fix was coming and went "all-in" and started creating new coins
 - We had to announce a rollback as otherwise the attacker would have increased KMD supply by ~10% before the fix would have been applied
 - All trading has stopped, we just wait that the rollback happens and then situation will be back to normal (and the bug is fixed)

An update will be later published on supernet.org

when all is good, we will share a update soon!!