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Topic: [ANN][QB] Malicious Quarkbar altcoins tracked down and eliminated (Read 6546 times)

hero member
Activity: 672
Merit: 500
*** NULL ***
We only had access to quarkbar source so could prevent those coins from entering circulation. Is there a representative of the shacoin comnunity?

hello, here is the SHACoin source:

original version(2014.03.29):
https://github.com/SHACoinProject/SHACoin

CryptoGir version(2014.04.24):
https://mega.co.nz/#!wUhCXSDT!TPBn2NF6uUDz2ebGM70eDnnYGqdUl0cQpuCd2cXKP1E
legendary
Activity: 1372
Merit: 1022
Anarchy is not chaos.
SHA bagholder here. I applaud your efforts!

What I'm wondering is how you're handling the distribution. Where are the coins now, and where are they going? If they are going to a development fund, or being intentionally destroyed, I would back that. Otherwise, I'm not sure of a way to fairly distribute them.. maybe everyone who traded SHA (or the affected coins in general) on the exchange gets a piece? Even though that would probably get me some coins, I'm not sure it's all that great of an idea.

Frankly, I think the best idea would be to burn them. Make the coins that much more valuable.

They were cut out of the block chain from my understanding. They posted it somewhere they have blocked around 97% of those coins from ever being apart of QB now.

We only had access to quarkbar source so could prevent those coins from entering circulation. Is there a representative of the shacoin comnunity?

Well, I mined a hell of a lot, sold some, bought some, and lived through the whole debacle. I'm on good terms with the final dev, CryptoGir. I got no official standing, don't know that anyone does at this point, but if you tell me what you need, I can get it to the right ears.


EDIT: frank123m seems to be the most active or at least the most visible in trying to fix things.
hero member
Activity: 707
Merit: 505
Frankly, I think the best idea would be to burn them. Make the coins that much more valuable.
I agree with the cowboy, destroy them and make the remaining coins rarer. They never should have existed in the first place.
legendary
Activity: 1876
Merit: 1014
SHA bagholder here. I applaud your efforts!

What I'm wondering is how you're handling the distribution. Where are the coins now, and where are they going? If they are going to a development fund, or being intentionally destroyed, I would back that. Otherwise, I'm not sure of a way to fairly distribute them.. maybe everyone who traded SHA (or the affected coins in general) on the exchange gets a piece? Even though that would probably get me some coins, I'm not sure it's all that great of an idea.

Frankly, I think the best idea would be to burn them. Make the coins that much more valuable.

They were cut out of the block chain from my understanding. They posted it somewhere they have blocked around 97% of those coins from ever being apart of QB now.

We only had access to quarkbar source so could prevent those coins from entering circulation. Is there a representative of the shacoin comnunity?
hero member
Activity: 826
Merit: 500
SHA bagholder here. I applaud your efforts!

What I'm wondering is how you're handling the distribution. Where are the coins now, and where are they going? If they are going to a development fund, or being intentionally destroyed, I would back that. Otherwise, I'm not sure of a way to fairly distribute them.. maybe everyone who traded SHA (or the affected coins in general) on the exchange gets a piece? Even though that would probably get me some coins, I'm not sure it's all that great of an idea.

Frankly, I think the best idea would be to burn them. Make the coins that much more valuable.

They were cut out of the block chain from my understanding. They posted it somewhere they have blocked around 97% of those coins from ever being apart of QB now.
legendary
Activity: 1372
Merit: 1022
Anarchy is not chaos.
SHA bagholder here. I applaud your efforts!

What I'm wondering is how you're handling the distribution. Where are the coins now, and where are they going? If they are going to a development fund, or being intentionally destroyed, I would back that. Otherwise, I'm not sure of a way to fairly distribute them.. maybe everyone who traded SHA (or the affected coins in general) on the exchange gets a piece? Even though that would probably get me some coins, I'm not sure it's all that great of an idea.

Frankly, I think the best idea would be to burn them. Make the coins that much more valuable.
legendary
Activity: 1876
Merit: 1014
legendary
Activity: 980
Merit: 1000
legendary
Activity: 1876
Merit: 1014
legendary
Activity: 1624
Merit: 1001
All cryptos are FIAT digital currency. Do not use.
Just a heads up..

The link to your website seen on your tweeter is showing up like this..

h t t p : / / t.co/ngaIDgL9B3

https://www.virustotal.com/en/url/3be48f0a299163a66696b4f11cc4f6dc41c88a010dd89733386158a147a96eda/analysis/1401121428/
hero member
Activity: 826
Merit: 500
rogue dev must be gutted he woke up 120btc poorer this morning Cheesy
Did we got exchange?

Go to the main quarkbar thread there are a few exchanges.  https://bitcointalk.org/index.php?topic=587457.560
jr. member
Activity: 58
Merit: 10
rogue dev must be gutted he woke up 120btc poorer this morning Cheesy
Did we got exchange?
sr. member
Activity: 882
Merit: 250
good work , these coin are now no good.
hero member
Activity: 728
Merit: 500
Very good for all three communities.  Smiley
legendary
Activity: 1876
Merit: 1014
Awesome stuff! Thank you from a SHACoin miner.

You're welcome Smiley
hero member
Activity: 560
Merit: 500
Awesome stuff! Thank you from a SHACoin miner.
legendary
Activity: 1876
Merit: 1014
Update


Frozen scammer assets handed over to Quarkbar, Beecoin and Shacoin communities

When the Quarkbar developers managed to track down the malicious premine coins, they were also able to track the coins back to a trading account of Allcoin.com. Together with this exchange it was decided to freeze this account. Allcoin noticed the account was also used for selling Shacoin and Beecoin, so there is reason to believe the scam is also related to those coins.

Allcoin decided to hand over the frozen coins to the three communities. Each community will receive about 0.15 BTC that they can use to strengthen themselves.

The Cryptocoin Revival Foundation and Allcoin are very proud of getting the funds away from the scammer and give it backto where it belongs, the community.

The official statement can be found here.
hero member
Activity: 690
Merit: 500
legendary
Activity: 996
Merit: 1013
If the 15,482,256 Quarkbar were in block 1, I have hard
time understanding how could that block could be included
in the chain, since in the code the block reward is defined as 256 coins.

Consequently blocks that have different rewards
would have been rejected (by wallets and clients
built from the code at Github).

Maybe the hidden premine could be in the
genesis block (block 0) and then one could fork the
source but hardcode the block in the new version as well.
legendary
Activity: 1876
Merit: 1014
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