Hackers steal 1.65 Million from BTR exchange

USPA NEWS - A hacking attack on one of BTER.com website servers yielded some $1.65 million dollars of virtual coinage. The China based exchange platform confirmed the attack on the forum site NXT Forum. A proposed rollback of the block chain to the last one before the hack has been met with much opposition.

The BTER agent recommended that the trade is investigating all alternatives, including reaching the NXT improvement group in an exertion to rollback the piece chain, in this manner restoring the record to its state before the robbery happened. In any case, Nxtorganization affirmed that a signifcant greater part of forgers resisted the arrangement when it was proposed as a feature of a customer redesign.

Many NXT Forum members were supportive of the idea of a rollback, though at least one member suggested that time was of the essence should the community look to pursue the fix. The second-era cryptocurrency utilizes a form of Proof of Stake (Pos) for its calculation, honoring the NXT gathered from transaction charges in the last block to forgers for keeping NXT holdings. Notably, vericoin refered to it Pos mining framework as a key explanation behind its rollback. By not restoring the square bind to its past state, numerous contended, the cheat may have been compensated for keeping the seized stores.