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Ever questioned if decentralization was important? The Iota Mainnet has been intentionally halted by the Iota foundation two days ago because ten users supposedly lost funds. No info on when they decide to reactivate it.

Ever questioned if decentralization was important? The Iota Mainnet has been intentionally halted by the Iota foundation two days ago because ten users supposedly lost funds. No info on when they decide to reactivate it.

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Slogans from iota.org:

With a Foundation enabling a permissionless ecosystem

Redefining trust, value and ownership

The Iota Mainnet was intentionally halted by the Iota foundation on the 12th of February 2020 to find a bug in their trinity wallet. They shut down mainnet after TEN users reported funds stolen.

Only zero value tx are allowed. So no one was able to move any funds since the halt.

The IOTA core protocol is - as already communicated before - not breached.

screenshot of the iota status page and link to the status page

When will the coordinator resume its work? No one knows.

I am speechless. Shutting down the entire mainnet for everyone for several days just because their own wallet has a bug... how long is the iota seed generator site scam ago where millions of dollars worth of miotas were moved out of wallets?

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