(sys coin) See this chart to know what actually happend with SYS coin

in #bitcoin6 years ago (edited)

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Summation Behind sys coin hack

It was hacked by collecting API keys from hackers through malware.

They (Hackers) were looking very low. liquidity shitcoin with extremely thin order book on ther side they find SYS coin.

To prevent rollback of the chain they take over SYS mining power by mining a lot of SYS coin.

they trade in binance with high volume and regulary deposited and withdraw large amount of Bitcoin To avoid suspicion.

Mined SYS were sent to this binance account.

At very high rates they placed ask orders of SYS coin at very top of this thin order book.

Bitcoin of binance users that use API to buy all sys in order book.

And then finally they withdraw 1k bitcoins to
Same bitcoin address.

Would you thing API based attacks happen again
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Its bettet to be stay Concious in every step, try to bookmark exchange n wallet