On Tuesday, February 25, 2014, Cathal Garvey <cathalgarvey@cathalgarvey.me> wrote:
The cold storage has been wiped out due to a leak in the hotwallet
Sort of implies that "cold wallet" meant "bot-controlled wallet that could automatically refill 'hot-wallet'."
In other words, a second-layer hot-wallet.
Never assume malice for that which is equally explainable with stupidity.
I guess this is one painful way to learn why banks and other financial institutions have very bureaucratic but very well established techniques for handling money and don't work with systems that were tosses together over a few weeks. Almost everything that seems to have happened is an example of either inexperience with proper bookkeeping or a complete disregard for established techniques in banking software. -- Kelly John Rose Toronto, ON Phone: +1 647 638-4104 Twitter: @kjrose Skype: kjrose.pr Gtalk: iam@kjro.se MSN: msn@kjro.se Document contents are confidential between original recipients and sender.