I know there are still many things we need to read up on, but as there is some breaking news, this gets top priority right now. There was a successful attack against the MintPal exchange, and VeriCoin was the target. Let’s take a look.
As MintPal posted on their blog, a successful attack was executed against the exchange. Even though the security was breached, VeriCoin was the only target. Considering the exchange was breached, things could have been a lot worse.
VeriCoin and the VeriCoin network themselves were never compromised, so that should put the minds of quite a few of our readers at rest. There are consequences for VeriCoin though, so let’s see what is going to happen :
VeriCoin will be hard forked at a position before the attack, as this was coordinated between the developers and all major exchanges, including MintPal. As a result, all of MintPal’s stolen coins will be retrieved, and withdrawals will be facilitated.
In case there still would be some funds missing, or lost, the MintPal exchange will be working together with other exchanges to cover the costs. A very nice gesture by MintPal, and I applaud them for their honesty and being on the ball about the attack.
For those of you who are wondering : MintPal has secured the breach, all other coins were not harmed and can be withdrawn without issues.
You can find the official announcement here :