So, now the story with the Paycoin.com "hack" is that the coins moved to exchanges, and it just so happens that most (all?) of the hacked wallets were the people running the exchange, and now the coins have been replaced with "foundation coins". And, everyone else had their funds (BTC and XPY locked up for over a week. WTF? What kind of a nincompoop would believe such bullshit?
My inner Columbo says that this was likely an inside job, stealing coins from the foundation and having the added bonus of locking everyone elses funds up so they are not competition as they are dumped on exchanges, and of course there is the very real possibility of doing some naked shorting with the clients coins and replacing them with coins repurchased at lower value after dumping them, pocketing the difference.
WWJD?So let me get this right, Sciborg , from TeamXPY is saying that the TeamXPY wallet balances were sent to exchanges, presumably dumped, then TeamXPY get their balances topped back up for free with 'foundation' coins, you know, to make up for their unfortunate loss and when another forum member asks for the txid info etc. to show the details of how everything went down, they are basically told,"because shut up! That's why!."
Nothing suspicious about 'TeamXPY' at all, no sir, nope all is fine and dandy in 'TeamXPY' land. in fact they are so on the ball and busy saving the Xpy community from all the bad people, the 'others', they were able to immediately credit all the TeamXPY account balances with the amount that was 'hacked' from all the TeamXPY accounts and, in doing so, the 'people' were saved.
All hail the TeamXPY saviours of the Paycoin faithful.
Tx id you say? FUDDER FUDDER FUDDER, shut him down now!
The nonexistent TXid's was the first thing I noticed and pointed it out several times because I also know that there are many hashtalkers who lurk here as well.
Why are TXid's important?
In the BTER hack last month they released the information of the stolen funds for everyone to see, this allows for the amount and the ability to trace the path of the funds and ultimately the person responsible.
If PayCoin.com was hacked and Coins were in fact stolen, then you would want to show the amounts and the TXid's of the transactions for transparency and traceability to allow as many people as possible to uncover the identity of the hacker. The first red flag I saw was that they only stated a small amount was taken, and then when people asked about how much it was there was question dodging with some saying "oh my coins are gone (but how much??)" and then stating "oh now it's back" but never any statement as to how much anyone actually lost.
It should have been easy to provide the TXid's and amounts but if it was an inside job then it would prove that, however the TXid's don't actually need to be given, you can take the time of the post of the "hack" and look through the Blockchain ledger and find the transactions that went to Cryptsy (as all other Coins are locked up, and no one has local wallets) and trace it back to it's origin.