WhiteCoin Trading Markets Resumed, Deposits & Withdrawals Still Disabled

We reported yesterday about the WhiteCoin double-spend attack that took place. As a result of this, the WhiteCoin trading markets were disabled on several exchanges, and both deposits and withdrawals were frozen.

There is a minor update today, as the WhiteCoin trading markets have been opened again overnight. However, deposits and withdrawals are still disabled, and there is currently no ETA on when they will be enabled again.

Because there were also plenty of legitimate trades executed during this attack, there will be no rollback of the WhiteCoin blockchain. Thanks to MintPal, one of the exchanges where you can trade WhiteCoin, the initial losses of the double-spend attack will be absorbed (paid) by them.

This funds will, of course, be compensated to MintPal by the WhiteCoin Foundation over time. I’m glad the issue got sorted amicably, and this is a very good outcome for both parties.

For those of you wondering, the WhiteCoin double-spend attack occurred because of the following : first, there was a DDoS attack against ChunkyPools, the biggest WhiteCoin multipool, closely followed by a Time Warp attack.

We will keep you informed as we receive more news.

WhiteCoin Donations (even though wallet transactions are discouraged) can be sent to : Wb2173GugtqkAqRZu23pMthDYN7YyAo2rx