VERDICT —OUT OF SCOPE
Root cause is private-key / signer compromise — the on-chain contract behaved exactly as written. No pre-deployment source audit or bytecode review reaches the key-custody perimeter; this is operational-security territory (HSM/MPC hygiene, key rotation, hot-wallet isolation). Bytecode would show nothing wrong.
▰ METHOD
PRIVATE KEY
PRIVATE-KEY
Root cause
Root-cause analysis not yet published. The incident description below contains all currently available signal — review the attack transaction directly for definitive forensics.
Forensic narrative
MintPal announce that the attacker stole 8 million VeriCoins ($1.8 million) from the company's hot wallet. The attacker exploited a vulnerability in its system that allowed them to bypass the security controls to withdraw funds. Attack method (per SlowMist): Wallet Stolen. Reported loss: 1,800,000 USD.
Primary source
https://www.coindesk.com/markets/2014/07/14/8-million-vericoin-hack-prompts-hard-fork-to-recover-funds/ ↗Sourced from
slowmist
Technical record
- chain
- —
- protocol
- MintPal
- bug_class
- private-key
- date_occurred
- 2014-07-14
- loss_usd
- —
- source_id
- sm:mintpal::2014-07-14
Related — same bug class· private-key