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Mercury

Gatehub hack and changes affecting us

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I think it was JustCoin. 
I agree, it wasn't a bug, security hole or other glaring exploit. The poor implementation was exploited.  I thought due to the following dust up that Ripple made this feature even more glaring for gateways?

Wasn't there an issue reported by Ripplefox early this year? Something that could put gateways at risk?

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10 minutes ago, teddybear said:

I don't understand why anybody with serious holdings or trading activity would use gatehub at all in the first place.

What are the alternatives in your opinion?

Using unaudited desktop wallets? 

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Guest

gatehub has just been an ongoing s**tshow for about a year -- now this

oi oi oi

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I'm a bit mixed on what is a good solution for holding XRP ....

With no official wallet (which I really hope will be addressed by Ripple at SWELL) - are you truly better off having the XRP offline than having it locked up in a more reputable exchange like Kraken, etc .... with 2 factor authentication and global account lock turned on?

 

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45 minutes ago, T8493 said:

Without checking that the random number generator has enough entropy?

Didn't think about that. Don't even know what entropy is.

What I do know is that gatehub "claims" to store my secret keys but not have access to them.

See, I'm half Eastern European - no thanks. I know the drill.

Got a credit card number? I can store it for ya. Won't use it, promised.

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