crypto2libertas

the petition only shows that investors are concerned about the lack of marketing and progress. The company keeps saying that x amount of banks are using ripple etc. But where is the proof ? I do love the technology and the idea behind it but I have to agree the marketing is not very transparent at all. I do understand there are NDAs in place but they must/can do better than this.

I think you are right. Gatehub decided that the law is on their site and moved on. Not much media attention anymore and the crypto world will or already has forgotten it

They were insured apparently but to be honest the way they have handled it is very professional. It is really the opposite what @gatehub is doing. Making mistake is normal and very human but it takes strengths to admit and resolve mistakes. @gatehub is not doing any of it.

Nice single point of failure from the security perspective. Never store all required information for encryption in one place.

It is a fun video. Very dramatic at the beginning

It looks like that this problem may have been around for a while now. Hackers help themselves over time to small amounts of XRP and this months went for the ultimate kill

Don't think they have the funds to refund the victims to be honest but I'm more than happy to be wrong

I guess GH must have used a weak encryption for the secret keys. Disappointing if true

correct so they must have some data in their log files then

If they had access to their access token by compromising the db then they would have used GH's API (since the access token is only valid within GH) and that should be in their logs. If GH has no entries in the logs that would indicate that they had the secret key and that would have allowed them to use the ripple ledger directly.

I wonder if GH will survive this. They might shut the gates over this. It wouldn't surprise me

How would that work without a bank ? My understanding is that you need to connect to a gateway which then stores the currencies for you which then shows up in your wallet. That would mean that you need to trust your gateway as much as your traditional bank.

I told that to my porsche dealership but somehow he was not agreeing with this statement. strange

I'm a true believer in utility tokens such as XRP. Check out CasinoCoin. You may want to add it to your long term portfolio