I Really Feel for My Friends at Swarm City. 44,055 ETH Stolen.
Read the full blog post on the Swarm City Medium account. Parity multisig wallet exploit hits Swarm City funds — Statement by the Swarm City core team
%20BTC-SWT%20Swarm%20City%20Token.png)
As you can see the crypto currency Swarm City has taken a 50% haircut.
As many of you know @AnaHIlarski and I helped Arcade City (now Swarm City) during their ICO phase last year. My heart goes out to the team. The crypto community loves to use multi-sig wallets to protect teams from someone on the team making off with the funds but this time multi-sig wallets were the ones attacked.
Tweeted by @CalBlockchain.
What it Means to You.
This could add more uneasiness to the crypto currency markets. Personally I have moved my trading assets into SBD's (SteemDollars). This is not by any means a call that the market is going to crash. I am just being cautious with my funds.
White Hat Hacker is Fighting Back.
Wallets Saved. Tweeted by @Crypt0biwan
Ooohh this is going crazy!
It's another reminder not to plunge all your funds into one coin (If only it's not steem lol).
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
i hate scammer man... they are bloody make our life mess
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You're totally right ! just store your funds offline on a hard drive and make a backup !! For trading purposes only store limited amounts :) think that's the best way. Terrible if it overcomes you!! thanks for sharing
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Tweeted
https://twitter.com/RandyHilarski/status/887776785303314434
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Disclaimer: I am just a bot trying to be helpful.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Sad to hear this depressing news...July is turning out to be very challenging for crypto currencies.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
we need to counter the all the scammer should be have solution on block chain to stop the scammer and the hackers to steal our coin
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
More and more drama. When is it all going to end...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@hilarski wow so sad i hope they restore their coin :(
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
And in which currency is better to move - in SteemDollars or Steem?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
In times of turmoil SBD because it is pegged to USD. Now SBD will also fall if BTC falls but the fall will be limited.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
There are so many hacks and attacks and scams taking place under multiple ICOs.
Some coins are crashing and burning and ETH has to fall with it as so much Ethereum is lost.
Hopefully in the future security gets better so we won't have to worry about his
Thanks for notifying us @hilarski
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Crypto needs to make wallets less scary
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
So insecure. Seems very fishy to me. Thats why you be careful with your assets....
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Good thing I'm not holding any ether.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I feel the same way.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@hilarski thanks for sharing this update. My warm feelings to all the poeple at swarm city for this big loss. i posted on my latest blog post today about this issue (pls see it). I however think that people should buy offline wallets as they are safer. Thanks for sharing
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Dog eat dog out there! Be careful.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yeah this market is so unstable it's better for amateurs not to invest too much in those new coins. For me it's only Steem and BTC for now.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It's not been going well for crypto holders this last weel at all, has it?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Rough week all around for the community.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
30 Million Dollars! A huge amount of money!!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Just another day in the office lol
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Disclaimer: I am just a bot trying to be helpful.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Do you have a way of storing SBD offline on paper wallet or are you holding on an exchange? Apologies for being nosy
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I prefer to keep it in Steemit accounts. It is just there for very short periods of time.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Wow, and multi-sig is supposed to be the high-security way to go. Not holding any ETH, but my tokens are down hard.
Yikes!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The cryptos need to evolve a lot!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This is not good.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
well i hate when these things happen
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Nice article. Really appreciate you bring this to our attention. Not sure if I believe in the current crypto investment climate but I do believe in the blockchain. We really need more insights in the market and previous investment results. I found this amazing platform: https://www.coincheckup.com I'm using this site that gives in depth reports on every tradable cryto in the market.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit