VeChain Foundation buyback address hacked - page 2.

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: tsaroz on December 14, 2019, 02:06:36 AM

Things are not going good for VeChain and the results are displayed on the price. VeChain was supposed to be the coin for China but lost it's major project and now struggles with such blunders rather than any good news. It's getting difficult for VeChain to ever attain back it's ATH.

With this news, I'm sure the price will be affected negatively. Besides the worsening market conditions, this kind of news will sway away investors for good in VeChain unless some whales put a lot of money to keep this project going until we goes on another bull run.

It just sadden me to hear that another breached and investors lost their money without a fight here and it could impact the whole crypto sphere again. And unless the hackers made a mistakes of depositing it to a exchange that Vechain has contacted, there's no way they can get the money back.

tsaroz

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Things are not going good for VeChain and the results are displayed on the price. VeChain was supposed to be the coin for China but lost it's major project and now struggles with such blunders rather than any good news. It's getting difficult for VeChain to ever attain back it's ATH.

knuckey

sr. member

Activity: 1260

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I wonder why the Vechain Foundation dares to buy back the proceeds of crime from hacking? How can they communicate with hackers and can agree on their request? I think this will trigger other hackers to make requests to victims in the same way, which is to buy back from hacking.

samuraijin

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Quote from: Baofeng on December 14, 2019, 12:35:12 AM

Quote

December 13, 8:27pm (UTC+8), the VeChain Foundation buyback address was compromised. Approximately 1.1 billion VET tokens in this address were transferred into 0xD802A148f38aBa4759879c33E8d04deb00cFB92b, the hacker’s address. All the addresses associated with the said hacker’s address have been tagged on VeChainStats, the list is automatically updated as soon as the hacker sends any funds from the original hacker’s address.

https://medium.com/@vechainofficial/vechain-foundation-announcement-8459492ee039

So another hacked was experienced by crypto project. I don't know what much it in dollars but I will assumed its huge amount again. It's sad to hear this kind of hackings in crypto sphere, but then again those criminals are always one step of the game.

This is almost beyond reason, many exchange sites and wallets are hacked, even though they are not new to this technology, but why are they such a fool right now when the market is red, I'm still not sure if it is done by outsiders, there must be a certain party or insiders who might know the wallet information so it's easy to hack, I'm not sure if it's done by outsiders, this news is like any other news

Strongkored

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Leading Crypto Sports Betting & Casino Platform

Quote from: Baofeng on December 14, 2019, 12:35:12 AM

So another hacked was experienced by crypto project. I don't know what much it in dollars but I will assumed its huge amount again. It's sad to hear this kind of hackings in crypto sphere, but then again those criminals are always one step of the game.

Base on CMC when multiplied by USD around 6,5 Million USD the amount is hacked.

We will continue to read and see news like this in the future, because hacker/scammer always exist not only in the crypto world.

Aabcde

sr. member

Activity: 1050

Merit: 256

We will always see and be treated to hacked news forever. There must be something every year. Is this just a trick? hmm i can't answer that either. What is clear is that no one can anticipate hackers well. What is certain is that we must also be careful with our funds, it could be individuals who are victims as well.

Rodeo02

hero member

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avatar and signature space for rent !!!

Its hard to understand vichain blockchain i dont even see how many coins has been distributed after checking the explorer.
I only see is $24,502.92 worth of energy.

Baofeng

legendary

Activity: 2576

Merit: 1655

Quote

December 13, 8:27pm (UTC+8), the VeChain Foundation buyback address was compromised. Approximately 1.1 billion VET tokens in this address were transferred into 0xD802A148f38aBa4759879c33E8d04deb00cFB92b, the hacker’s address. All the addresses associated with the said hacker’s address have been tagged on VeChainStats, the list is automatically updated as soon as the hacker sends any funds from the original hacker’s address.

https://medium.com/@vechainofficial/vechain-foundation-announcement-8459492ee039

So another hacked was experienced by crypto project. I don't know what much it in dollars but I will assumed its huge amount again. It's sad to hear this kind of hackings in crypto sphere, but then again those criminals are always one step of the game.

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