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Detail Analysis

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Date:

Status:

Count:

Contributor:

December 14, 2019

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Verified

1

zerofriction.io

Loss Amount:

6,700,000

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Recovered Amount:

-

Currency:

Dollars, VET

KYC By:

Audit By:

None

None

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Website:

No data

Twitter:

No data

Discord:

No data

Telegram:

No data

Medium:

No data

Github:

No data

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The VeChain Foundation has announced that “human error” led to the theft of $6.7 million worth of VET tokens last week. The hack occurred after a member of staff reportedly mismanaged the company’s private keys, which caused a buyback address to be compromised. VeChain claims to have conducted a “responsive investigation” and determined the incident was caused after the private key for the buyback address was stolen during the wallet creation process “due to negligence of the staff member”.

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DISCLAIMER: While Zero Friction LLC has used the best efforts in aggregating and maintaining this database, Zero Friction LLC makes no representations or warranties with respect to the accuracy or completeness, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose. 

Under no circumstances, shall Zero Friction LLC be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the dataset or information derived from our database.