Tag: Trinity

IOTA Foundation Will Reimburse Holders who Lost Funds Through the Trinity Incident

When the IOTA network was shut down out of the blue, many people expected funds to be lost. It now appears that is indeed the case, but users will seemingly be reimbursed. The IOTA network was forcibly shut down by the developers several weeks ago. Reimbursing Affected IOTA Users As it turns out, that was the only viable course of action in the end. One thing users have wondered about …
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The IOTA Network Will Come Back Online Next Week

When the IOTA network was shut down due to an exploit, many expected the situation to return to normal soon. That is not the case, as the network is still offline today. Shutting down any financial system for over two weeks on end is unacceptable. IOTA Network Will Resume in 7 Days In the case of IOTA, temporarily halting the network was the smart decision. Hacking attempts had indicated how …
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The Full IOTA Network Incident Report has been Released

The recent incident affecting the IOTA network still leaves many people surplussed. A full incident report has finally come to light, which puts things in their proper perspective.  It is rare for a cryptocurrency network to be halted completely. Documenting the IOTA Network Hack This is especially true when it comes to developers causing this situation. In the case of IOTA, the developers decided to take this action following a …
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The IOTA Network Remains Inaccessible for Value Transactions

The cryptocurrency industry is still reeling from the recent IOTA incident. It now seems a bit more information is becoming available. The Trinity wallet so many IOTA users rely on has indeed been affected by a bug. IOTA Network Issues Aren’t Over yet All users utilizing this software between mid-December 2019 and mid-February 2020 will need to migrate their seed as soon as possible. That tool is still under development …
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