The developers of AurumCoin have reported a 51% attack on their network, as a result of which an unknown user has withdrawn 15,752.26 coins ( over $ 500,000 at the time of publication) from the crypto-exchange Cryptopia. This is reported by CCN.
The founders of AurumCoin at the same time claim that they are not responsible for what happened, because the token has an open code, and shifted the blame to the employees of the exchange.
Aurum coin (AU) network was hacked (51 percent attack), a total of 15,752.26 AU is missing from Cryptopia’s wallet (cryptopia.co.nz exchange). Aurum coin network is not the responsibility of anyone, same as bitcoin network, it is an open source distributed crypto currency. What’s worse is that cryptopia exchange do not admit it. This is not the way to solve this problem.
Aurum Coin Team
In a parallel tweet, the project team writes that it does not blame Cryptopia, but the fact is that the coins were stolen.
It is assumed that the hacker sent about 16,000 AU to an account belonging to the Cryptopia exchange and exchanged them for another cryptocurrency. After the transaction, the attacker used the available computing power and canceled the transaction.
According to the founders of the project, each AU token is provided with 1 troy ounce of 999 gold, which is located in secret vaults around the world. The token is mineable, and the emission is limited to 300 thousand coins.