Sentences with phrase «stolen tokens»
"Stolen tokens" refers to digital units of value or assets that have been unlawfully taken or obtained by someone without proper authorization or ownership rights. Full definition
He did, however, offer the reassurance that his organization was tracking the funds that had been taken, tagging accounts found to be in possession of them, and asking exchanges to halt deposits of stolen tokens.
ethnews.com
The DAO experiment quickly became a debacle after hackers stole the tokens in question (most of them were recovered) and the legal fallout triggered out the SEC investigation.
Sometimes parents state that kids steal tokens or aren't honest about them.
Additionally, there may be attempts to steal the Token Sale proceeds.
According to Quartz, Tether developers blacklisted the address with stolen tokens so the funds can't be liquidated or moved.
The stolen tokens belonged to Veritaseum, and no user suffered any financial losses.
The Foundation asserts that its efforts were «effective at reducing the hacker's ability to liquidate stolen XEM,» but did not say whether any of the stolen tokens had been or are expected to be recovered.
In a press release dated March 20, the NEM Foundation announced that it had halted efforts to track the stolen tokens two days earlier.
It would concede victims of ransomware or sell hacks to willingly list their extorted or stolen tokens.
A cryptocurrency project called Veritaseum was the victim of a suspicious hack this weekend, resulting in the loss of millions of $ in stolen tokens.
As Tether is the issuer of the USDT managed asset, we will not redeem any of the stolen tokens, and we are in the process of attempting token recovery to prevent them from entering the broader ecosystem,» the announcement continues.
As Tether is the issuer of the USDT managed asset, we will not redeem any of the stolen tokens, and we are in the process of attempting token recovery to prevent them from entering the broader ecosystem.
Tether says the stolen tokens will be returned to their treasury once the protocol enhancements are in place.
People are less likely to steal if everyone can watch exactly where the stolen tokens go, then theoretically track them to any cash out in fiat currency.
In total, the stolen tokens were worth $ 170 million.
The developers suggest using this time to first implement a soft fork, which would not reverse any transactions or return the funds but prevent the stolen tokens to be withdrawn past the 27 - day window.
The good news is that due to the platform design, even if no measures are taken, the attacker will not be able to withdraw the stolen tokens from the child DAO at least for another 27 days.
While some have suggested that Tether may perform a hard fork in order to fully de-legitimize the stolen tokens, this is yet to be seen.
Second, they marked the stolen tokens, and stated that they would not be redeemable for dollars.
Following the hack, Coincheck announced on Jan. 27 that it would issue compensation at a rate of $ 0.81 for each stolen token, which would amount to a total payout of $ 420 million.
However, due to the platform design, the attacker could not withdraw the stolen tokens from the child DAO at least for another 27 days, and this proved necessary time for Ethereum developers to come up with a solution.
Soon after the incident, the platform announced it would compensate each stolen token at a rate of $ 0.81 per token — an amount near $ 420 million.