
jlripple
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Everything posted by jlripple
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are you nuts? from their statement it's obvious they are not paying else they would have written something like 'we will try out best to recover and if all else fail will pay from our reserve' etc. if i lose 5000 xrp they can take forever to resolve. those who lost 10s of thousands to millions xrp you think they not anxious for their money and the opportunity cost? put yourself in their shoes.
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the previous round wasn't much publicized like this one. for the past 2 years we heard hacks happening at gatehub but not many people pay attention mainly people are very sure it was the user who did not turn on 2fa etc. now we know gatehub security has issue in a big way. it's interesting to see what they going to do this time about it.
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my take is someone got hold of the code to decrypt the hashed password then in turn decrypt the secret keys. how can the hacker gain access to: · Email · Hashed password · Hashed recovery key · Encrypted XRP ledger wallets secret keys (non-deleted wallets only) by means of access tokens even if users are not logged in.
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what do you expect them to say? that their security was breached and won't compensate the victims? they already showed their true colors and their unique selling point of safekeeping your ripple wallet is no longer safe. so what kind of value can they provide to their customers now. none. either way they have to make some official announcement, else the hack blog https://gatehub.net/blog/gatehub-update-investigation-continues/ will be there forever with no closure.