Week 11 – Updates ( Wallet issue emphasis / Wallet & Exchange update announcement along with Block number)

[04-Jun-18 03:49 AM] NightCrawler#8378

Please cross-check the links you receive with our official ones and proceed. Check by our GitHub releases on the official ones. Do not fall prey to scammers!

[05-Jun-18 10:56 PM] Akerboya#9468
We are aware of certain issues plaguing the latest wallet. Please await an announcement within 24-48 hours for a clear roadmap.

[06-Jun-18 10:05 PM] Street Jammer#6383
read #📝rules again
Never trade here , and exploiters will be trying to sell the exploited coins to you cheap, don’t fall for it ,
It will be burned in the next update , If you already bought it return them and get a refund !
if you get pms for trade report it to me .

[07-Jun-18 04:52 PM] Street Jammer#6383

Through the past two weeks, the Deviant team has been investigating a number of exploit activities that have taken place.

Many of you have seen this first hand – the block time speedup being one of them. But there have been others that – for the protection of other coins using similar code – we will not discuss.

Using the above exploits, hackers disguised as community members have illegitimately exploited a bug on the blockchain reward system stealing close to 200,000 DEV coins.

We also started receiving threats from hackers about dumping these coins they have stolen as soon as the exchange reopens. So the movement to exchanges were halted as the majority of the exploited coins were trapped in Deviant wallets.

[07-Jun-18 04:52 PM] Street Jammer#6383


[07-Jun-18 04:54 PM] Street Jammer#6383

The extent of the exploits are significant enough that we feel the community deserves to see those assets frozen so the perpetrators cannot dump them on the market and use them to fund a future exploit. Also, putting another patch in place could stop them from exploiting the coin further, but still does not prevent them from dumping their coins.

Deviantcoin was formed with a vision of providing a secure crypto experience and therefore we cannot allow bad actors to hijack our system. We will also not be bogged down by cheap threats. We value the trust you have assigned to us so we cannot jeopardize the goodwill at the expense of making a quick buck.

As a result, we will be taking the step of reengineering the core blockchain code base that will eliminate the exploits, add more features and make it easier to provide future maintenance. Due to incompatibility issues with the previous code base, we will be performing a coin swap.
For all those who do not know what a coin swap means, basically we issue new coins at 1:1 ratio to all unexploited wallet addresses. The name of the coin does not change but it will use a brand new codebase and a new blockchain effectively rendering the hackers bounty worthless.
To address the exploited coins, we’re performing forensics on the blockchain up to the time of the exchange snapshot. We have already identified some big offenders and will use this time to sort through smaller ones that may have evaded gross detection.

[07-Jun-18 04:55 PM] Street Jammer#6383

Those offenders who purposely compiled their own wallets with the intent to circumvent the fair rules of the blockchain and unfairly adjust the rewards in their favor will have their accounts frozen. They will not be able to swap their coins. You may petition this decision if you are affected, but the evidence will be clear. Similarly, all wallets that participated in a scam and cheated coins from innocent users will also be confiscated if enough evidence is received from community members.
We don’t expect this will impact most accounts. It appears to have been concentrated to a few, but large, accounts specifically created for the purpose of exploiting holes in the reward payments.
For those who took advantage of the masternode payment issue:
Masternodes that were created after block 275000 (when the issue began) – if the masternode existed for more than 1000 blocks after creation, you can keep your reward. If the masternode was eliminated within 1000 blocks, the reward will be deducted from your swap payment. The confiscated rewards will be distributed equally to the masternodes that would have fairly obtained rewards after block 275000.

[07-Jun-18 04:55 PM] Street Jammer#6383

If you didn’t modify the source code to your advantage, you don’t need to worry. Your will easily be able to swap your coins when the time comes. And we are confident the new code base will provide a secure reward structure to allow us to move forward.
Some of the new features we will add with the upgrade is:

1. Brand new wallet and graphics.
2. DevX payments: Faster and quicker payments. Transactions will be confirmed and spendable within seconds, guaranteed by confirmations from the masternode network. No more need to wait for multiple confirmations to be confident in the validity of a transaction.
3. Throughput will be increased to 2000TPS. This will help with exchange related high volume transactions.
4. POS structure will do away with coin age ie. The rewards will be based on how often you are online, not just how long you’ve been holding coins. This will help with more available nodes online getting more rewards than those that open their staking wallets once in a while.

The entire process will take around 10days to complete, .

More detailed instructions on how swap will be announced later

We believe that this is the most responsible step given the circumstances. We look forward to your whole hearted support.

[13-Jun-18 08:33 PM] Street Jammer#6383

As mentioned by our previous posts, stake pools have confirmed their status on coinswap.As far as exchanges are concerned, below are our exchange lists and their status.

Cryptopia – Participating directly with coinswap
Crypto-Bridge – Waiting to enable withdrawals
CoinExchange – Participating directly with coinswap
Stocks Exchange – Participating directly with coinswap
Tradesatoshi – Participating directly with coinswap/ In negotiation
Octaex – No response yet“`

The exchanges which are “participating directly with coinswap” have no problems upon swap as ,all they have to do is upgrade to the new wallet and trade can be resumed smoothly.
However, CryptoBridge being a DEX are yet to enable withdrawals after upgrading to the new wallet.

So, only after all coins are out from CryptoBridge, we can announce on the “Snapshot Block” and begin the swap process.
Regarding Coinswap, as we have told already.. A detailed procedure list will be presented by our website and all our concerned social platform on what to do. This is aimed at the most common user so as to eliminate the fear of “CoinSwap”.
These developments will be seen by the upcoming days.

So to summarize, the announcement on the SnapShot block will be made after CB enables withdrawals. Else, the coins at CB will no longer be valid after the swap.


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