News 26 july 2017
Around $8.5 million worth of VERI tokens away from the company, according to CEO and founder Reggie Middleton, who made a post on a social media forum. On the heels of a heated debate over a lack of security on social media that followed a hack of CoinDash, Veritaseum was under scrutiny by community members who were skeptical of the company�s security protocols that lacked SSL, or cryptographic protocols used to relay information across a computer network.
Source ethnews.com
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Looks like himself has done it !
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Everything at Veritaseum appears to be done very poorly, why should the code and the security approach be any different? Why people are throwing so much money at this coin is based solely upon hype from The Church of Cliff High. Unless they soon come up with some very big basic improvements and/or some real transactional customers, expect the people to start running away from this coin en masse.
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