Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 80. (Read 4671114 times)
August 20, 2019, 11:47:04 PM
My opinion on this story - is not the right exchange. Even if it was really hacked, it was the exchange that should cover losses due to operating profit. Another thing is that things seem to go wrong with Livecoin, I would not trust my funds to this exchange.
August 20, 2019, 03:18:40 PM
So they are delisting xmr without opening withdrawals? Does this means that they are simply cancelling everyone's xmr balance there without any compensation?
They claim they were hacked. Maybe this happened, we really have no way to know. If it did happen, then your XMR balance isn't there, the hackers took it.
They want the Monero developers to cover what they claim to have lost to a hacker, which isn't going to happen even if the hack actually happened and even if it was partially due to a bug in the software, which again we really have no way to know. 1. See above link/discussion about the license terms explicitly ruling this out. 2. If the developers covered claimed losses by exchanges this would open up a vulnerability where any shady exchange could claim to have been 'hacked' and start making claims against the developers. Again, this isn't going to happen.
When it comes to crypto exchanges, follow the ABC rule: Always Be Careful. Do not leave coins on an exchange any longer than necessary for trading. Use only exchanges that you trust not only to not steal your coins themselves but to have the technical competence, experience and processes in place to guard against hacks. Etc.
For those who have lost coins to livecoin, cryptsy, cryptopia, MtGox, etc., etc. you have my condolences but also my suggestion to learn from these experiences and protect yourself better in the future. I very much doubt we have seen the last exchange hacks, 'hacks', and exit scams.
What is really disconcerting about the news item is that Livecoin is insinuating that a Monero developer was probably involved in the exploit. I think their allegations teeter on the edge of of libel. What makes it more grievous is that Livecoin has a policy to freeze a users account if the user posts their allegations on the web. They will demand the user remove any "false statements" from the internet before giving them access to their funds.
To be honest this makes their story less believable. It's too much information and a bad move theoretically. They have no reason to come out guns blazing at the devs outside of making their story sound better.
August 20, 2019, 12:42:50 PM
So they are delisting xmr without opening withdrawals? Does this means that they are simply cancelling everyone's xmr balance there without any compensation?
They claim they were hacked. Maybe this happened, we really have no way to know. If it did happen, then your XMR balance isn't there, the hackers took it.
They want the Monero developers to cover what they claim to have lost to a hacker, which isn't going to happen even if the hack actually happened and even if it was partially due to a bug in the software, which again we really have no way to know. 1. See above link/discussion about the license terms explicitly ruling this out. 2. If the developers covered claimed losses by exchanges this would open up a vulnerability where any shady exchange could claim to have been 'hacked' and start making claims against the developers. Again, this isn't going to happen.
When it comes to crypto exchanges, follow the ABC rule: Always Be Careful. Do not leave coins on an exchange any longer than necessary for trading. Use only exchanges that you trust not only to not steal your coins themselves but to have the technical competence, experience and processes in place to guard against hacks. Etc.
For those who have lost coins to livecoin, cryptsy, cryptopia, MtGox, etc., etc. you have my condolences but also my suggestion to learn from these experiences and protect yourself better in the future. I very much doubt we have seen the last exchange hacks, 'hacks', and exit scams.
What is really disconcerting about the news item is that Livecoin is insinuating that a Monero developer was probably involved in the exploit. I think their allegations teeter on the edge of of libel. What makes it more grievous is that Livecoin has a policy to freeze a users account if the user posts their allegations on the web. They will demand the user remove any "false statements" from the internet before giving them access to their funds.
August 20, 2019, 12:34:21 PM
So they are delisting xmr without opening withdrawals? Does this means that they are simply cancelling everyone's xmr balance there without any compensation?
They claim they were hacked. Maybe this happened, we really have no way to know. If it did happen, then your XMR balance isn't there, the hackers took it.
They want the Monero developers to cover what they claim to have lost to a hacker, which isn't going to happen even if the hack actually happened and even if it was partially due to a bug in the software, which again we really have no way to know. 1. See above link/discussion about the license terms explicitly ruling this out. 2. If the developers covered claimed losses by exchanges this would open up a vulnerability where any shady exchange could claim to have been 'hacked' and start making claims against the developers. Again, this isn't going to happen.
When it comes to crypto exchanges, follow the ABC rule: Always Be Careful. Do not leave coins on an exchange any longer than necessary for trading. Use only exchanges that you trust not only to not steal your coins themselves but to have the technical competence, experience and processes in place to guard against hacks. Etc.
For those who have lost coins to livecoin, cryptsy, cryptopia, MtGox, etc., etc. you have my condolences but also my suggestion to learn from these experiences and protect yourself better in the future. I very much doubt we have seen the last exchange hacks, 'hacks', and exit scams.
August 20, 2019, 11:40:27 AM
Any direct response to this blog by Monero devs already?
Quote
On the same day, we tried to contact the Monero developers and disabled both the deposit and withdrawal.
Do we know who they contacted? Would love to hear an answer from Monero devs side. Thanks!
August 20, 2019, 05:53:05 AM
Some background information with respect to Livecoin & Monero:
https://www.reddit.com/r/Monero/comments/c40uqf/i_obtained_some_monero_at_wwwlivecoinnet_almost_2/
https://www.reddit.com/r/Monero/comments/bv0427/livecoinnet_may_have_actually_tried_to_breach_the/
https://www.reddit.com/r/Monero/comments/brd4nf/livecoinnet_xmr_wallet_offline/
https://www.reddit.com/r/Monero/comments/c40uqf/i_obtained_some_monero_at_wwwlivecoinnet_almost_2/
https://www.reddit.com/r/Monero/comments/bv0427/livecoinnet_may_have_actually_tried_to_breach_the/
https://www.reddit.com/r/Monero/comments/brd4nf/livecoinnet_xmr_wallet_offline/
August 20, 2019, 04:28:31 AM
So they are delisting xmr without opening withdrawals? Does this means that they are simply cancelling everyone's xmr balance there without any compensation?
Judging by news it looks like this.
I asked in support about of the rest coins, but answer can be expected week
August 20, 2019, 04:16:26 AM
So they are delisting xmr without opening withdrawals? Does this means that they are simply cancelling everyone's xmr balance there without any compensation?
August 20, 2019, 04:14:51 AM
I have restored my Ledger Nano S seeds on another device. When I try to open the GUI with the new device, I get the following error message after entering the password:
"Couldn't open wallet: Wrong Device Status : SW=6930 (EXPECT=9000, MASK=ffff)"
Why is that?
All works fine with the old device.
"Couldn't open wallet: Wrong Device Status : SW=6930 (EXPECT=9000, MASK=ffff)"
Why is that?
All works fine with the old device.
What version of the Ledger Monero app is running on the new device?
v1.3.1 on the new device (with the error message)
What is the version of the Monero GUI software?
August 20, 2019, 03:28:31 AM
August 20, 2019, 02:14:01 AM
I have restored my Ledger Nano S seeds on another device. When I try to open the GUI with the new device, I get the following error message after entering the password:
"Couldn't open wallet: Wrong Device Status : SW=6930 (EXPECT=9000, MASK=ffff)"
Why is that?
All works fine with the old device.
"Couldn't open wallet: Wrong Device Status : SW=6930 (EXPECT=9000, MASK=ffff)"
Why is that?
All works fine with the old device.
What version of the Ledger Monero app is running on the new device?
v1.3.1 on the new device (with the error message)
What is the version of the Monero GUI software?
August 19, 2019, 08:57:39 PM
I haven't cared about Polo since they stole my Monero's.
I hope they crash and burn.
Goldmann Ballsacks ruined them.
I hope they crash and burn.
Goldmann Ballsacks ruined them.
August 19, 2019, 05:34:31 PM
As far as I can tell, poloniex removes some xmr pairs, but introduces some new, like xmr/usdc.
https://medium.com/circle-trader/now-live-nine-new-usdc-and-tether-margin-trading-pairs-50-off-margin-trading-fees-for-two-days-e4368cdde48c
Also i'm pretty sure, pairs like maid/xmr, nxt/xmr, bcn/xmr was never really active.
To be clear, xmr with btc\usdt\usdc\eth is still tradeable on poloniex.
https://medium.com/circle-trader/now-live-nine-new-usdc-and-tether-margin-trading-pairs-50-off-margin-trading-fees-for-two-days-e4368cdde48c
Also i'm pretty sure, pairs like maid/xmr, nxt/xmr, bcn/xmr was never really active.
To be clear, xmr with btc\usdt\usdc\eth is still tradeable on poloniex.
Not to mention that Poloniex has been destroyed by it's competition. It does little to no volume anymore.
this is sad , what happened to the golden years of crypto? :\ meh
August 19, 2019, 05:04:40 PM
As far as I can tell, poloniex removes some xmr pairs, but introduces some new, like xmr/usdc.
https://medium.com/circle-trader/now-live-nine-new-usdc-and-tether-margin-trading-pairs-50-off-margin-trading-fees-for-two-days-e4368cdde48c
Also i'm pretty sure, pairs like maid/xmr, nxt/xmr, bcn/xmr was never really active.
To be clear, xmr with btc\usdt\usdc\eth is still tradeable on poloniex.
https://medium.com/circle-trader/now-live-nine-new-usdc-and-tether-margin-trading-pairs-50-off-margin-trading-fees-for-two-days-e4368cdde48c
Also i'm pretty sure, pairs like maid/xmr, nxt/xmr, bcn/xmr was never really active.
To be clear, xmr with btc\usdt\usdc\eth is still tradeable on poloniex.
Not to mention that Poloniex has been destroyed by it's competition. It does little to no volume anymore.
August 19, 2019, 03:06:57 PM
I have restored my Ledger Nano S seeds on another device. When I try to open the GUI with the new device, I get the following error message after entering the password:
"Couldn't open wallet: Wrong Device Status : SW=6930 (EXPECT=9000, MASK=ffff)"
Why is that?
All works fine with the old device.
"Couldn't open wallet: Wrong Device Status : SW=6930 (EXPECT=9000, MASK=ffff)"
Why is that?
All works fine with the old device.
What version of the Ledger Monero app is running on the new device?
v1.3.1 on the new device (with the error message)
August 19, 2019, 02:46:35 PM
As far as I can tell, poloniex removes some xmr pairs, but introduces some new, like xmr/usdc.
https://medium.com/circle-trader/now-live-nine-new-usdc-and-tether-margin-trading-pairs-50-off-margin-trading-fees-for-two-days-e4368cdde48c
Also i'm pretty sure, pairs like maid/xmr, nxt/xmr, bcn/xmr was never really active.
To be clear, xmr with btc\usdt\usdc\eth is still tradeable on poloniex.
https://medium.com/circle-trader/now-live-nine-new-usdc-and-tether-margin-trading-pairs-50-off-margin-trading-fees-for-two-days-e4368cdde48c
Also i'm pretty sure, pairs like maid/xmr, nxt/xmr, bcn/xmr was never really active.
To be clear, xmr with btc\usdt\usdc\eth is still tradeable on poloniex.
August 19, 2019, 11:29:22 AM
Researchers Find Monero Mining Malware That Hides From Task Manager
https://cointelegraph.com/news/researchers-find-monero-mining-malware-that-hides-from-task-manager
Cybersecurity company Varonis has discovered a new cryptojacking virus, dubbed “Norman,” that aims to mine the cryptocurrency Monero (XMR) and evade detection.
Varonis published a report about Norman on Aug.14. According to the report, Varonis found Norman as one of many cryptojacking viruses deployed in an attack that infected machines at a mid-size company.
https://cointelegraph.com/news/researchers-find-monero-mining-malware-that-hides-from-task-manager
Cybersecurity company Varonis has discovered a new cryptojacking virus, dubbed “Norman,” that aims to mine the cryptocurrency Monero (XMR) and evade detection.
Varonis published a report about Norman on Aug.14. According to the report, Varonis found Norman as one of many cryptojacking viruses deployed in an attack that infected machines at a mid-size company.
poloniex removes XMR markets...hmmm
pony save us!! August 19, 2019, 06:49:10 AM
I have restored my Ledger Nano S seeds on another device. When I try to open the GUI with the new device, I get the following error message after entering the password:
"Couldn't open wallet: Wrong Device Status : SW=6930 (EXPECT=9000, MASK=ffff)"
Why is that?
All works fine with the old device.
"Couldn't open wallet: Wrong Device Status : SW=6930 (EXPECT=9000, MASK=ffff)"
Why is that?
All works fine with the old device.
What version of the Ledger Monero app is running on the new device?
August 18, 2019, 10:58:37 AM
I have restored my Ledger Nano S seeds on another device. When I try to open the GUI with the new device, I get the following error message after entering the password:
"Couldn't open wallet: Wrong Device Status : SW=6930 (EXPECT=9000, MASK=ffff)"
Why is that?
All works fine with the old device.
"Couldn't open wallet: Wrong Device Status : SW=6930 (EXPECT=9000, MASK=ffff)"
Why is that?
All works fine with the old device.
August 15, 2019, 01:45:01 AM
Researchers Find Monero Mining Malware That Hides From Task Manager
https://cointelegraph.com/news/researchers-find-monero-mining-malware-that-hides-from-task-manager
Cybersecurity company Varonis has discovered a new cryptojacking virus, dubbed “Norman,” that aims to mine the cryptocurrency Monero (XMR) and evade detection.
Varonis published a report about Norman on Aug.14. According to the report, Varonis found Norman as one of many cryptojacking viruses deployed in an attack that infected machines at a mid-size company.
https://cointelegraph.com/news/researchers-find-monero-mining-malware-that-hides-from-task-manager
Cybersecurity company Varonis has discovered a new cryptojacking virus, dubbed “Norman,” that aims to mine the cryptocurrency Monero (XMR) and evade detection.
Varonis published a report about Norman on Aug.14. According to the report, Varonis found Norman as one of many cryptojacking viruses deployed in an attack that infected machines at a mid-size company.
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