This article was first published on PIVX
A Response to the Article: PIVX and 200+ PoS Chains Currently Vulnerable; Chains Already Under Attack
By: Bryan “Snappy” Doreian | Global Ambassador, PIVX
On August 12th, Han Yoon – the CEO of Lunar Digital Assets posted an article stating that PIVX and all of the crypto projects that had forked the PIVX codebase were under attack and vulnerable. The article makes a number of statements, accusations and draws a significant number of assumptions (especially about PIVX and the developers working on PIVX, as well as clones/forks of PIVX).
Before launching into the article itself, this statement from PIVX Developers:
We (PIVX Developers) were made aware of some suspicious behavior on the PIVX network last week (The week of August 5th) and have since been investigating the claim that our proof-of-stake algorithm is under attack.
At this point, we can confirm that the behavior is in fact NOT a resurgence of the “Fake Stake” attack from earlier this year, as the article claims.
PIVX users funds/PIVX are NOT at risk.
The network’s stability or chain trust has NOT been compromised.
Investigations are still underway as to the aberrant behavior, and a more detailed findings report will be issued once investigations are concluded.
We are in communication with other projects and will seek to include as many as possible as our investigations progress and report to them how to properly fix any problem(s).
Of note: the author of the article (Mr. Yoon) was informed of the investigation by PIVX, but chose to jump to false conclusions instead of wait[ing] for the proper response.
Whenever people make claims and/or statements into a public space, it doesn’t matter if you are in crypto or not, any business, corporation, DAO, or movement, has to ascertain how to best ...
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