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a few user reported their gatehub wallet been hacked and XRP sent to r9do2Ar8k64NxgLD6oJoywaxQhUS57Ck8k

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100% agreed. Its the lack off or very poor communication that makes more dammage than they even can imagine.
A strong comm, besides chasing the hacker, could have been:
Admit your mistakes
Admit your full responsability
Admit as a result that you must refund ALL claiming victims
Explain the plan how you will try to do this, albeit when this has to go overtime

The latter could be (helped by present low XRP prices): arrange an option to buy or borrow@ripple the needed XRP otc once you can....

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We are in contact with more than a dozen exchanges and wallet providers to freeze the stolen funds before they are cashed out.

Once these legal procedures are completed we will know the exact amount of funds that our customers will be able to retrieve

if my memory serves me correctly, almost eveything was cashed out (there was a tweet earlier in this post showing a visualization of stolen vs cashed and almost everything was cashed)

I hope funds retrieval to suctomers is not dependent on funds that were not cashed out...

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Maybe they reached out to those exchanges that hackers cashed out too which will be in different cryptos. No mention of how long it will take. Months years? 

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I think the reports of "cashed out" were just based on whether the XRP had been sent to an exchange. It's not possible to know, unless the exchanges tell us, whether the XRP had actually been exchanged to anything else and withdrawn by the hackers.

Edited by at3n
sp

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55 minutes ago, at3n said:

I think the reports of "cashed out" we're just based on whether the XRP had been sent to an exchange. It's not possible to know, unless the exchanges tell us, whether the XRP had actually been exchanged to anything else and withdrawn by the hackers.

I was also hoping for some clarity too.  As for cashed out do they mean XRP converted to another currency or converted to flat.   Are they attempting to freeze those wallets as well?

We deserve transparency as to the amount of funds frozen from the exchanges.  

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That depends a lot on the hashing/encryption method. Which they didn't disclose.

Maybe it is in a report/postmortem of that forensic investigation? Doesn't look like it will be published though, so probably this case is closed now. Good luck with getting money via a lawyer in the US from a UK based LLC that actually is run from Slovenia... but hey, closed source web wallets, what could possibly go wrong, amirite?

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On 7/20/2019 at 2:45 AM, James21 said:

Here it is again how many want to call to start this? 

Class Action Law Suit

Here is the information and the first number is the direct contact.

sharova@sharovalaw.com   phone: 718-766-9401

phone: 212-321-0741

fax: 212-939-6211

745 Fifth Avenue, Suite 500

10151 New York City

147 Prince Street, 4th Floor

11201 Brooklyn New York City

sharova@sharovalaw.com 

 

Might be a good idea to start a class action.
Any reason why you proposed Sharovalaw? 

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Here it is again how many want to call to start this? 
Class Action Law Suit
Here is the information and the first number is the direct contact.
sharova@sharovalaw.com   phone: 718-766-9401
phone: 212-321-0741
fax: 212-939-6211
745 Fifth Avenue, Suite 500
10151 New York City
147 Prince Street, 4th Floor
11201 Brooklyn New York City
sharova@sharovalaw.com 
 

I’ll contact them

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Would it make any difference to start a class action with a lawyer based in Europe/UK instead of US? (I don't have any suggestion. Just wondering)

Was wondering this as well


Verzonden vanaf mijn iPhone met Tapatalk

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2 hours ago, tekkillah said:

Would it make any difference to start a class action with a lawyer based in Europe/UK instead of US? (I don't have any suggestion. Just wondering)

Yes, I would definitely try and get the advice of lawyers in the UK/EU. I think they are termed Barristers, Solicitors.  Different laws may apply to UK residents.  You could do a search for those that are fluent and experienced in cryptocurrency law, class action.   At least they could start you in the right direction and you can usually do a online/phone call and  evaluate your case.  

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This particular law firm has said that they would contact attorneys in England as well as get a professional crypto company to help with lawsuit. But the more information we can get from different places would be good.

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