If you opened IOTA's Trinity wallet from December 17, 2019 to February 17, 2020, your tokens might be at risk and you need to take action to prevent theft.IOTA has released a Seed Migration Tool to allow users to safely migrate their funds onto a new seed. The migration period is 17:00 (UTC) 29th February 2020 to 17:00 (UTC) 7th March.Ledger Nano users are not affected.Read about the migration tool & how to use it here: https://ift.tt/2vyxL5f continued updates, see https://ift.tt/2PIYNhm Notes:The network is still down, and is planned to be restarted on March 10, 2020.If you do not migrate, there is the possibility that the hacker has your seeds, so it is highly stressed that you should use the migration tool.Not really sure why this isn't mentioned in the blog, but there is the possibility you will need to KYC if more than 1 person attempt to transfer to new seed. The status of your migration (including if you need to KYC) can be seen in the tool. Please see pertinent quotes below:Assuming the snapshot is successfully validated by the IOTA community (node operators), we will implement a KYC procedure involving a third party that will enable all users who had their tokens stolen to reclaim them. The same procedure will also be required for certain cases in which the migration tool is used fraudulently or incorrectly. More information on this process will follow shortly.Your migration can have one of the following migration statuses: Secured: The Coordinator has confirmed your migration. You are free to send value transactions, using your new seed. Submitted: Your migration is waiting to be processed. Check back after the migration period because further action may be required. ID Required: Someone else tried to use the Seed Migration Tool with your seed. Please see the Identity Verification Process for more information. You will need your migration log file.How they are exactly determining who's the legit owner via KYC I'm not sure, nor have they released that information publicly yet to my knowledge.The migration tool was originally closed source, but has since been released open source. The IOTA Foundation's reasoning for this decision can be read in their blog. TL;DR below:Many in the community have asked, why was the Seed Migration Tool not open sourced from the moment it was released, or even — why wasn’t the development process done in the clear? Doesn’t this violate first principles of open source?In this situation of duress after a successful cyber-attack, we hope that we can be forgiven for taking extra security precautions. With a potentially active attacker, we elected to slow them down by hindering their insight into our development processes, devops practices, and endpoints.Now that the window has closed where this advantage was useful for our defense, we have published the source code, derivative binaries and the checksums as referenced in our blog post announcing this tool:Repository Address: https://ift.tt/3cucZVg
Submitted March 04, 2020 at 06:21AM
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