Ethereum Classic Wallet hijacked

Hackers used social engineering to hijack Ethereum Classic Web Wallet
30 June 2017   2762

Distributed database that is used to maintain a continuously growing list of records, called blocks

Ethereum Classic

the classic version of Ethereum preserving untampered history

On 30 of June, 2017, Ethereum Classic webwallet was hijacked.

Hackers were using social engineering to hack the website. When user typed secret code, hijacked website sent it to the hackers. At the moment, website is unavailable.

ethereum classic wallet hijackedVisitor sees this message when trying to open the webwallet  

Creators of Ethereum Classic assures that old wallets are safe and recommend to use MyEtherWallet instead.

 Also, ETC developers recommend not to move coins from old wallets to new. The main advice is not to use ClassicEtherWallet website.

DFINITY to Postpone Internet Computer Launch

The project is currently assessing the time frame for the completion of the MVP
14 December 2018   88

The blockchain project Dfinity reported in its blog postponing the launch of its main product.

Previously, Dfinity chief scientist Dominic Williams said that his company intends to create an “Internet computer that will become cloud 3.0”, compete with Google Cloud and Microsoft Azure, and also change the face of the blockchain industry.

According to him, the project team is developing a technology that has 150 higher performance than Ethereum blockchain and 900 times - Bitcoin. In essence, the project creates a “giant Internet computer”, whose work will be supported not by one company, but by all participants of the Dfinity protocol.

Initially, the release of a minimum viable product (MVP) was planned for the first quarter of 2019. However, according to company representatives, working on a trimmed version may slow down progress in creating a complete product.

The project is currently assessing the time frame for the completion of the MVP. Also, noted in Dfinity, before the end of the first quarter a new set of development tools (SDK) will be released, which will shed light on the future plans of the company.

In August, the Dfinity Foundation attracted $ 102 million of investments in the framework of a closed tokensale. Prior to this, at the beginning of the year, the Dfinity Foundation raised $ 61 million from Andreessen Horowitz and Polychain Capital.