Scrypt.cc got on the wrong path, recently has stolen funds of their own users. Cloud mining services are famous for pretty sketchy reputation in the crypto world. To add, lately, certain cloud mining services were caught to be regular pyramid scheme.
Scrypt.cc: rehab after hacks and loss of 3500 BTCMajority are not even surprised by Scrypt.cc announcement about being hacked. The company cloud attracted a lot of attention from investors, but also hackers and people with less honorable intentions. Taking into consideration that the company was keeping funds in hot wallet, it was only the question of time, when hackers find the way or time to attack Scrypt.cc.
And the major attack happened in June 2015, when 3500 BTC were stolen from the wallet, and most part of the funds belonged to the company itself. In general, users’ money was not touched, what is pretty surprising. But then again, storing a large amount of money in your hot wallet, and be permanently connected to the Internet is not a wise decision.
However, customers Scrypt.cc still felt the effects. Income from of mining decreased by 80%, and it seemed it should allow the company to make up for the loss of Scrypt.cc. However, users of Scrypt.cc still felt the consequences. Income from mining decreased by 80%, and it seemed like that was supposed to be like a help to compensate the loss, so instead of regarding the situation as a loss, owners of the mining platform decided to take money from the funds that should be paid to customers.
Since income was seriously diminished, most users of Scrypt.cc started selling their cloud computing power to compensate at least some of their own expenses. This led to a drastic reduction in the cost for each kh / s, and almost triggered market collapse.
But that's not the worst, because it seems that the owners of the platform managed to take control of the situation, and decided to slightly reduce the balance on the users’ accounts by offering in return pathetic mining capacities.
Reinvestment without customers’ agreementRead full article via
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