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[Reddit] IOTA value transactions will resume ~5PM CET. Trinity hack aftermath.

#1
IOTA value transactions will resume ~5PM CET. Trinity hack aftermath.

IOTA value transactions will resume around 5PM CET today.

Value transactions were paused since February 12 because IOTA's most popular wallet (Trinity) had a security issue with a third-party integration. Several seeds (private keys) were stolen. The IOTA foundation organized a seed migration period from February 29 - March 7 to allow users to migrate to a new seed.

If you have missed this migration period, and if you have used Trinity, you still need to take action as soon as possible:

"If you used Trinity between 17 Dec - 17 Feb and you have not migrated your seed, make sure to create a new seed in Trinity and transfer your funds from your old seed when the network is restarted later today."

David, one of the co-founders, has stated that he will refund all victims. They still have good hope to catch the thief under the official police investigation: LKA Berlin, Center for Cybercrime, case number: 200213-1717-i00290.

"To bring assurance to everyone here, I will commit to that all victims identified here shall be made whole again. A significant portion of my own holdings will go towards resolving this unfortunate incident."

For latest info and context see https://status.iota.org/

submitted by /u/nstratz
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