Topic: October 2014 - another NXT hack, forged coins are being accepted now - page 2. (Read 2424 times)
October 03, 2014, 07:16:04 AM
Never a boring day in the cryptoworld
October 03, 2014, 06:09:25 AM
http://charts.nxtcrypto.org/cDistributionTopAccount.aspx
Total supply of NXT was 999,997,096 and now it's 1,003,000,000+
Somebody found a way to create more NXT (600,000 NXT to 4 million) and have it accepted by the system. NXT is no longer finite but now has Doge inflation until the hacker is caught and stopped.
Total supply of NXT was 999,997,096 and now it's 1,003,000,000+
Somebody found a way to create more NXT (600,000 NXT to 4 million) and have it accepted by the system. NXT is no longer finite but now has Doge inflation until the hacker is caught and stopped.
Mad news! How could this happen?
October 02, 2014, 04:18:43 PM
I'm confused since the difference is > 3M. Regardless, that seems to just be the top 1000 accounts so all it would mean is that the coins moved up into the top 1000. Or do you have any actual information that there is some hack?
You do know that NXT was never supposed to go past 1 billion coins, right? There's more than 1 billion now.
Someone is creating forged coins that is being accepted and they are cashing them out.
No, I wasn't aware of that. Forging just pays the forgers the transaction fees right? So it's not like staking where there would be a slow increase in the total amount of coins?
Staking in NXT is based on all the accumulated transaction fees, there is no inflation to the total supply.
October 02, 2014, 04:13:35 PM
I'm confused since the difference is > 3M. Regardless, that seems to just be the top 1000 accounts so all it would mean is that the coins moved up into the top 1000. Or do you have any actual information that there is some hack?
You do know that NXT was never supposed to go past 1 billion coins, right? There's more than 1 billion now.
Someone is creating forged coins that is being accepted and they are cashing them out.
No, I wasn't aware of that. Forging just pays the forgers the transaction fees right? So it's not like staking where there would be a slow increase in the total amount of coins?
October 02, 2014, 03:56:24 PM
I'm confused since the difference is > 3M. Regardless, that seems to just be the top 1000 accounts so all it would mean is that the coins moved up into the top 1000. Or do you have any actual information that there is some hack?
You do know that NXT was never supposed to go past 1 billion coins, right? There's more than 1 billion now.
Someone is creating forged coins that is being accepted and they are cashing them out.
Or the graph on that site is bugged.
I wonder...
October 02, 2014, 03:53:45 PM
I'm confused since the difference is > 3M. Regardless, that seems to just be the top 1000 accounts so all it would mean is that the coins moved up into the top 1000. Or do you have any actual information that there is some hack?
You do know that NXT was never supposed to go past 1 billion coins, right? There's more than 1 billion now.
Someone is creating forged coins that is being accepted and they are cashing them out.
October 02, 2014, 03:50:48 PM
I'm confused since the difference is > 3M. Regardless, that seems to just be the top 1000 accounts so all it would mean is that the coins moved up into the top 1000. Or do you have any actual information that there is some hack?
October 02, 2014, 03:45:56 PM
http://charts.nxtcrypto.org/cDistributionTopAccount.aspx
Total supply of NXT was 999,997,096 and now it's 1.003 billion
Somebody found a way to create more NXT (600,000 NXT) and have it accepted by the system. NXT is no longer finite but now has Doge inflation until the hacker is caught and stopped.
Total supply of NXT was 999,997,096 and now it's 1.003 billion
Somebody found a way to create more NXT (600,000 NXT) and have it accepted by the system. NXT is no longer finite but now has Doge inflation until the hacker is caught and stopped.
Sure you don't mean 6,000 not 600,000?
No it's at least 600,000. It could be as much as 4 million NXT based on what the total supply was for months (if this hacking went unnoticed for months)
October 02, 2014, 03:44:05 PM
http://charts.nxtcrypto.org/cDistributionTopAccount.aspx
Total supply of NXT was 999,997,096 and now it's 1.003 billion
Somebody found a way to create more NXT (600,000 NXT) and have it accepted by the system. NXT is no longer finite but now has Doge inflation until the hacker is caught and stopped.
Total supply of NXT was 999,997,096 and now it's 1.003 billion
Somebody found a way to create more NXT (600,000 NXT) and have it accepted by the system. NXT is no longer finite but now has Doge inflation until the hacker is caught and stopped.
Sure you don't mean 6,000 not 600,000?
October 02, 2014, 03:35:03 PM
http://charts.nxtcrypto.org/cDistributionTopAccount.aspx
Total supply of NXT was 999,997,096 and now it's 1,003,000,000+
Somebody found a way to create more NXT (600,000 NXT to 4 million) and have it accepted by the system. NXT is no longer finite but now has Doge inflation until the hacker is caught and stopped.
Total supply of NXT was 999,997,096 and now it's 1,003,000,000+
Somebody found a way to create more NXT (600,000 NXT to 4 million) and have it accepted by the system. NXT is no longer finite but now has Doge inflation until the hacker is caught and stopped.
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