Good news, everyone!
The hacker (a bit of a misnomer, as he has pointed out) returned 50 BTC, and I have just distributed it to affected users. Looks like the other 65 will be sent, too.
The hacker (a bit of a misnomer, as he has pointed out) returned 50 BTC, and I have just distributed it to affected users. Looks like the other 65 will be sent, too.
Does anyone else get the feeling this might be the same hacker who raped Darkcoin?
https://bitcointalksearch.org/topic/m.5398601
If you look at the price now though, it is quite a bit lower, ranging from 0.001 to 0.0014 depending on the market. What happened? One of the exchanges on which DRK trades (C-CEX) had a malfunction/hack which allowed a user to gain access to hundreds of BTC for free, which he couldn't cash out. He figured out that by buying DarkCoin, he could then transfer it out of the exchange easily, this caused a huge spike in buys since he put in around 300 BTC worth and bought up all DarkCoins up until 0.0075 BTC or 7.5 millibits. He then proceeded to transfer all those coins to another exchange (Poloniex) and started dumping as much as possible, as quickly as possible, with no regard for price. This caused a chain reaction which lasted for around 4 days. At first the coin recovered admirably to the dumps, staying very close to its regular price after a few dumps. After two days though, the price couldn't hold up anymore and we suspect that a lot of very early adopters started getting scared and began dumping as well.
Through some investigation and through a mixture of guilt, the "hacker" (who claims he actually isn't a hacker and the BTC simply appeared due to a mistake), came back and contacted the right people to start giving back the BTC he had taken from the exchange, since a lot of other people were affected and had their funds frozen. Of course he had lost a lot of value by filling very cheap buy orders for DRK so he can't possibly give it all back but the important thing is the dumps are stopped now and the coin has stabilized again. It has found solid ground and is starting to rise again. This rise will be fueled by the 3rd DarkSend alpha test which is happening tomorrow and after that, the developer (eduffield) has said that the beta will come soon as the code is very solid.
Through some investigation and through a mixture of guilt, the "hacker" (who claims he actually isn't a hacker and the BTC simply appeared due to a mistake), came back and contacted the right people to start giving back the BTC he had taken from the exchange, since a lot of other people were affected and had their funds frozen. Of course he had lost a lot of value by filling very cheap buy orders for DRK so he can't possibly give it all back but the important thing is the dumps are stopped now and the coin has stabilized again. It has found solid ground and is starting to rise again. This rise will be fueled by the 3rd DarkSend alpha test which is happening tomorrow and after that, the developer (eduffield) has said that the beta will come soon as the code is very solid.
Looks incredibly similar to what happened to XCP.
. 