TL;DR
That's wild that such a coin was able to be taken over by such a simple flaw. Whoever ransacked those 2.09M coins is laughing all the way to the bank.
You are funny, I kept laughing for over 10 minutes when I read your post, you said that the money the laughing to the bank not even to the exchange which makes more sense. Just a little flaw in the blockchain can cause a lot of evoke which we have already seen from this hack.Quote
A new top 21 block producer, games.eos, didn’t correctly set up the blacklist. So previously frozen 2.09 million EOS got transferred from a blacklisted account. The account immediately spread those funds all over the place, too quickly for EOS block producers to plug the leak. “I can tell you they’re no longer a block producer,” says Rose.
A key takeaway here is that this isn’t a “hack,” per se—and it didn’t happen over the weekend. The transfer that resulted in the moving 2.09 million EOS happened a long time ago. From Stokes’s perspective, the real problem is that the blacklist was a temporary fix, a bandaid covering the larger problem of preventing theft from bad-acting accounts.
A key takeaway here is that this isn’t a “hack,” per se—and it didn’t happen over the weekend. The transfer that resulted in the moving 2.09 million EOS happened a long time ago. From Stokes’s perspective, the real problem is that the blacklist was a temporary fix, a bandaid covering the larger problem of preventing theft from bad-acting accounts.
That's wild that such a coin was able to be taken over by such a simple flaw. Whoever ransacked those 2.09M coins is laughing all the way to the bank.
I just see it as a warning to blockchain developers out there, they should be careful in checking for bugs in a program before launching out to the world for use.
