Topic: Attack on AurumCoin from cryptopia stolen more than $ 500 000 (Read 156 times)
If your coin is small enough to get a 51% from someone with a little bit of knowledge or at least enough money to cover your 51% from just buying, than you are not a proper coin at all. They may claim the trouble is with cryptopia which it very well might be but they are not without fault as well, if your coin is small enough to not get attention to make it very expensive for %51 attack than you need to find another way to protect the coins.
Right now, for me aurumcoin worth zero, not even 1 satoshi, someone can offer me 100 thousand dollar worth of aurumcoin for 1 satoshi and I still wouldn't hold it at all, I would just sell it for whatever I can. This is a coin that is tied to the price of gold whereas the price of gold is same but the coin itself got higher. They are legit looking like fools or scammers.
Right now, for me aurumcoin worth zero, not even 1 satoshi, someone can offer me 100 thousand dollar worth of aurumcoin for 1 satoshi and I still wouldn't hold it at all, I would just sell it for whatever I can. This is a coin that is tied to the price of gold whereas the price of gold is same but the coin itself got higher. They are legit looking like fools or scammers.
This argument between the developers and exchange is not helping anyone. Money has been lost by the customers who invested during the ICO period. In my own opinion, cryptopia is liable for this loss because it happens in their platform which should have been secured form all sorts of hackers attack. This is their primary responsibility for ensuring the availability and safety of funds.
The developers of cryptocurrency AurumCoin (AU) said the attack 51% on its network, which resulted in the unknown user brought 15 752,26 coins ($571 000 at the time of publication) from the crypto currency exchange Cryptopia.
The founders of AurumCoin at the same time claim that they are not responsible for what happened, because the token has an open code, and transferred the blame to the employees of the exchange.
"Coin network is Aurum (AU) has been compromised (attack 51%). Just Cryptopia with purse was stolen 15 752,26 AU. The Aurum network, just like the bitcoin network, does not bear any responsibility, as it is a distributed open-source cryptocurrency. Worst of all, Cryptopia refuses to admit it. This is not how problems are solved."
On Twitter, the project team writes that it does not blame Cryptopia, but the fact that the coins were stolen.
It is assumed that the hacker sent about 16 000 AU to an account belonging to The cryptopia exchange, and exchanged them for another cryptocurrency. After the transaction, the attacker used the computing power at his disposal and canceled the transaction.
According to the founders of the project, each AU token is provided with 1 Troy ounce of 999 gold, which is in secret vaults around the world. The token is mined, and the issue is limited to 300 thousand coins.
It is curious that, despite the incident, the price of the crypto currency not only did not fall, but also increased in recent days with trading volumes not exceeding $4 000.
Note that over the last month the price of AurumCoin has increased 5 times — from $7 to $36.
During the same time, the price per Troy ounce of gold ranged from $1,200 to $1,240, which raises the question of the reasons for the rapid growth of the AU price.
source https://forklog.com/vsledstvie-ataki-51-na-aurumcoin-s-birzhi-cryptopia-pohishheno-bolee-500-000/
The founders of AurumCoin at the same time claim that they are not responsible for what happened, because the token has an open code, and transferred the blame to the employees of the exchange.
"Coin network is Aurum (AU) has been compromised (attack 51%). Just Cryptopia with purse was stolen 15 752,26 AU. The Aurum network, just like the bitcoin network, does not bear any responsibility, as it is a distributed open-source cryptocurrency. Worst of all, Cryptopia refuses to admit it. This is not how problems are solved."
On Twitter, the project team writes that it does not blame Cryptopia, but the fact that the coins were stolen.
It is assumed that the hacker sent about 16 000 AU to an account belonging to The cryptopia exchange, and exchanged them for another cryptocurrency. After the transaction, the attacker used the computing power at his disposal and canceled the transaction.
According to the founders of the project, each AU token is provided with 1 Troy ounce of 999 gold, which is in secret vaults around the world. The token is mined, and the issue is limited to 300 thousand coins.
It is curious that, despite the incident, the price of the crypto currency not only did not fall, but also increased in recent days with trading volumes not exceeding $4 000.
Note that over the last month the price of AurumCoin has increased 5 times — from $7 to $36.
During the same time, the price per Troy ounce of gold ranged from $1,200 to $1,240, which raises the question of the reasons for the rapid growth of the AU price.
source https://forklog.com/vsledstvie-ataki-51-na-aurumcoin-s-birzhi-cryptopia-pohishheno-bolee-500-000/
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