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Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: S.coastapps on December 17, 2019, 02:10:49 PM

Title: Vechain hack of $6.5 Million due to Human Error
Post by: S.coastapps on December 17, 2019, 02:10:49 PM
VeChain CEO Sunny Lu detailed. Around US$ 6.5 million have taken from VeChain (https://www.thecoinrepublic.com/tag/VeChain) tokens (VET). Establishment data recommend that the undermined wallet made without adhering to the standard strategies of the association. The establishment says their inspecting group missed it due to human mistake.

It detailed in the budgetary report of the organization in September 2019 that it oversaw 27.3 percent of the all-out token accessibility. This hack establishes over 4.6% of the treasury of the establishment and furthermore represents 1.3% of the all-out supply of VeChain.

Source: TheCoinRepublic (https://www.thecoinrepublic.com/vechain-robbed-of-us-6-5-million/)
Title: Re: Vechain hack of $6.5 Million due to Human Error
Post by: masterrex on December 18, 2019, 11:23:08 AM
VeChain CEO Sunny Lu detailed. Around US$ 6.5 million have taken from VeChain (https://www.thecoinrepublic.com/tag/VeChain) tokens (VET). Establishment data recommend that the undermined wallet made without adhering to the standard strategies of the association. The establishment says their inspecting group missed it due to human mistake.

It detailed in the budgetary report of the organization in September 2019 that it oversaw 27.3 percent of the all-out token accessibility. This hack establishes over 4.6% of the treasury of the establishment and furthermore represents 1.3% of the all-out supply of VeChain.

Source: TheCoinRepublic (https://www.thecoinrepublic.com/vechain-robbed-of-us-6-5-million/)
Sometimes shit was happen and these time Vechain has become the victim. If that so called hacked was a fruit from a simple human error it means that those Vechain employee or the team member who made that mistake is incompetent to do some secure technical works in the Vechain organization resulting of losing the staggering amount of $6.5 million dollars in a short period of time that was a huge amount and it can caused to flood some Billion of VET tokens in the market.