Seele ICO Investors Robbed for $2M by Fake Admins

Investors in the ICO of Seele project have been scammed by Seele employees who turned out to be fake, but nevertheless managed to make $2 million worth of ETH
05 February 2018   1282

Seele project was stated to be empowered by an up-scalable Neural Consensus protocol for high throughput concurrency among large scale heterogeneous nodes and to be able to form unique heterogeneous forest multi-chain ecosystem.

As it was reported by Financial Magnates, the investors in the ICO of the project were scammed and robbed for $2 million worth of ETH. The scammers were the impersonators of Seele ICO employees.

Seele Telegram Group
Seele Telegram Group

The users of Seele ICO Telegram group were attacked by two accounts who presented themselves as the approved admins, stated that the ICO has already begun and that the new users, who joined the group, are already able to participate in the crowdsale and make investments.

The representatives of Seele project claimed that the people who demanded money in the Telegram group were impersonators of the real admins.

We are deeply sorry for the problem caused by the “@seelesupport” and “@nicsmith” scammer and are taking full responsibility for it. We care about our community and are taking all necesarry precuations to prevent something like this from happening again.
 

Seele Official Statement

At the press time the balance of the scammer's wallet is more than $2 million worth of Ethereum.

This is not the first time the ICO investors are loosing their money, for instance, the investors of Bee Token ICO received phishing emails which contained fake cryptocurrency addresses for their contributions, and the hackers were able to steal 700ETH.

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Tezos Bug to Slow Down the Network in 20 Times

The issue looks fixed now and Tezos network works in the standard transmission mode
25 September 2018   166

In the main network of the Tezos block project, a bug was discovered one week after its official launch. According to tzscan.io, on August 24, due to the vulnerability, the release time of the blocks increased from 1 to 20 minutes.

Tzscan.io
Tzscan.io

The user of the service for hosting IT projects GitLab under the nickname "Jérémie" reported on block freezing for 45 minutes. Later in Riot chat he learned that developers are aware of the problem and they are working on its solution.

Bug between the baker and the node. The two communicate over json but the json serializer incorrectly handled some control characters. Immediate fix was to patch the serializer. Medium term fix is that the baker and node really should communicate using the binary RPCs instead.
 

murbard at Reddit

Soon after the discovery of the bug, one of the developers posted an urgent fix at GitHub, which was proposed to be installed by all the bakers. Currently the Tezos network operates in normal mode, and the units are released every minute.

As of September 25, 08:00 UTC network of Tezos worked in the standard transmission mode - 1 block per 1 minute