WAVES Client Launch Spoiled by Potential Hack or Coding Error, Are Funds SAFU?

WAVES Client has Serious Issues After Launch

Waves Client has been called the most impressive client to launch in the cryptocurrency space. There are already 330,000 active wallets on the network, making it one of the largest beta launches in history.

The long-awaited major release of the #WavesClient is finally here! You just forget about complicated #blockchain tools, since the Client lets you store, send, exchange and issue tokens easily, swiftly and securely: https://t.co/ugbSJAlJyp#WavesPlatform #Cryptocurrency $WAVES pic.twitter.com/DG7e5cVuOh

— Waves Platform (@wavesplatform) July 24, 2018

Unfortunately, the launch has not gone as expected.

https://twitter.com/wavesplatform/status/1021838016065794054

With more than 10 payment gateways, you would hope things go a little smoother. But today we see something different on Twitter. It’s not entirely clear what is happening with the platform. But, one thing is for certain, do not enter your seed on the website until further notice is given from the team at waves.

Did they point to another server? :x pic.twitter.com/vIpjDdpB9t

— Misterch0c (@MisterCh0c) July 24, 2018

@wavesplatform There seems to be some issues with the new Alpha version and your certificate. pic.twitter.com/xCoEqTdppN

— SJB (@SJBrisson) July 24, 2018

There have been communication issues with the client servers and users entering the platform. The main problem with the Alpha version is that users are seeing the same faulty security message. Hackers may be at play here, or a simple error on the Waves team platform.

In any case, secure connections to the platform are not available as of now, and the potential for cyberattacks to steal user tokens is very real. The website appears to be configured wrong, but this could be from a group of intelligent hacker’s infiltration into the system to change the security settings, so they can gain access to the user wallet database.

For all purposes, the security certificates for the website appear to be issued by an outside third party without trust. There is now a high-alert set for the Waves Client platform, due to the security threat that puts hundreds of thousands of people private information at risk of being intercepted by an anonymous third party.

The chance that this is simply a mistake by Waves team is there, but it’s not likely. It’s more likely hackers have infiltrated the system and are planning further attacks. For all purposes avoid the Waves platform entirely, until the security risk is under control and authorization to enter the system is undoubtedly given by the Waves team.

What are your thoughts? Is this issue a hacking attempt made successful? Or has the team at Waves slipped up, leaving users at risk of fraudulent activities like cyber-theft? Leave your answers or thoughts on the matter in the comment section below.

How about: NEVER ENTER YOUR SEED ON ANY WEBSITE UNTIL EVER KTHXBYEBYE

— Udi Wertheimer 🔨 [#reckless] (@udiWertheimer) July 24, 2018

Please tell me that my funds are #SAFU

— Capo (@crypto_capone) July 24, 2018

When can we expect details regarding this warning? Was the Waves Platform breached?

— Jeremy Nation (@ETH_Nation) July 24, 2018