The latest week have been interesting and also very mysteriously uncomfortable to the all Ethereum users and the crypto community, with the mysterious transactions fees of $5 million that raised voices of complaint and curiosity to find what was happening and who was behind that!?
Finally the sender showed up itself and for surprise of all community is a little known peer-to-peer Crypto Exchange from South Korea dubbed Good Circle accordingly with the blockchain startup analytics and security company PeckShield. The firm said that the Good Cycle seems to be a ponzi scheme company with serious problems of security that could be easily hacked, the company still using HTTP protocol not the upgraded one HTTPS that's more secure from exploits.
Following the case can be seen on the Good Cycle website that they suffered repeatedly exploits, and trying to revert the situation sent to Ethermine and SparkPool the message "I am the sender" to prove that they are the legitimate senders of the millionaire transaction fees.
The release come shortly after Ethermine and Sparkpool revealed that they plan to distribute the $5 million between the miners and with this new developments we could see a new announcement coming from the mining pools. Well, its sad for the miners that will lose their anticipated Christmas bonus, but for the community will be a finally resolution on the case.
And taking the new statements from the case we could give a plausible reason to Vitalik Butterin that explained the case and cited the blackmail and hack, as according to him "cyber criminals (hackers) captured a partial exchange Key, that don't give them access the withdraw but could interfere with Gas fees price to threats the exchange management, they could " burn" all funds from the company unless the firm pay them, clear blackmail"!
So the exchange managers still need to find the breach and also the hacker but for now it's time to watch out for the answer of the mining pools as the answer from the senders reach out before the deadline!
The novel to uncover the sender is now over! we know the owners of the $5 million in fees.
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