{"id":159446,"date":"2023-12-28T13:15:24","date_gmt":"2023-12-28T13:15:24","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=159446"},"modified":"2023-12-28T13:17:29","modified_gmt":"2023-12-28T13:17:29","slug":"after-hack-telcoin-announces-plans-to-return-wallets-to-their-original-balances-and-resume-service","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/after-hack-telcoin-announces-plans-to-return-wallets-to-their-original-balances-and-resume-service\/","title":{"rendered":"After hack, Telcoin announces plans to return wallets to their original balances and resume service"},"content":{"rendered":"<p style=\"text-align: justify\"><a href=\"https:\/\/crypto-economy.com\/news\/companies\/\" target=\"_blank\" rel=\"noopener\"><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Telcoin<\/span><\/span><\/strong><\/a><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, a leading figure in the digital finance space,<\/span><\/span><strong><a href=\"https:\/\/crypto-economy.com\/defi-platform-telcoin-has-suffered-an-exploit-tel-token-plummets-44\/\" target=\"_blank\" rel=\"noopener\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> recently<\/span><\/span><\/a><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> faced a major security challenge<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, emerging resilient and dedicated to user security.<\/span><\/span><\/p>\n<p><!--more--><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">The <\/span><span style=\"vertical-align: inherit\">company&#8217;s <\/span><\/span><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"><a href=\"https:\/\/twitter.com\/telcoin\/status\/1740238684786671696\" target=\"_blank\" rel=\"noopener\">announcement<\/a> of the <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">successful resolution of a recent security incident<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> is a testament to its commitment to <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">safeguarding its users assets and ensuring the integrity of the platform.<\/span><\/span><\/strong><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Update 2 on <a href=\"https:\/\/twitter.com\/hashtag\/Telcoin?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#Telcoin<\/a> security incident: We have internally confirmed our assessment of the situation and that our fix was successful. We\u2019ve also confirmed the feasibility of our plan to return wallets to their original balances and turn service back on, and are now rapidly\u2026<\/p>\n<p>&mdash; Telcoin (@telcoin) <a href=\"https:\/\/twitter.com\/telcoin\/status\/1740238684786671696?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">December 28, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">The incident represented a formidable test, testing the <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">technical prowess and response capabilities of the Telcoin team.<\/span><\/span><\/strong><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">In a recent update, the company <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">confirmed the complete resolution of the issue<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, demonstrating the strength of its security protocols.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Telcoin is currently engaged <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">in restoring affected wallets to their pre-incident state<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, carefully examining <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">transaction and balance histories<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> to ensure accurate restoration.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Additionally, the company is carefully planning <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">the restart of all impacted services<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, prioritizing a smooth and safe transition back to normal operations.<\/span><\/span><\/p>\n<h2><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Telcoin has committed to submit a detailed report on the incident and its resolution<\/span><\/span><\/h2>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">This report aims <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">to discover more about the nature of the failure<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, the immediate actions taken in response, and long-term strategies designed to strengthen security.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">This commitment to open communication not only seeks to strengthen user trust, but also <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">contribute to knowledge within the digital finance community about effective cybersecurity practices.<\/span><\/span><\/strong><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">In response to the incident, Telcoin has carried out <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">a thorough review of its security infrastructure.<\/span><\/span><\/strong><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">This has led to the implementation of <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">enhanced measures<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, such as advanced monitoring systems, regular security audits and updated protocols, ensuring <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">the highest level of security for user data and assets.<\/span><\/span><\/strong><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">The company&#8217;s proactive stance goes beyond technical improvements, <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">including continuing education and training of personnel<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> to stay ahead of emerging cybersecurity threats.<\/span><\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-159451\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/12\/telcoinn.jpg\" alt=\"Telcoin overcomes security incident, prioritizes user trust and service restoration\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/12\/telcoinn.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/12\/telcoinn-300x109.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/12\/telcoinn-768x279.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Telcoin&#8217;s transparent handling of this security challenge has been essential to <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">maintaining and reinforcing community trust.<\/span><\/span><\/strong><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">As the company moves forward, it remains steadfast in its <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">commitment to safety, service excellence, and community trust.<\/span><\/span><\/strong><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Telcoin is prepared to continue its mission of providing secure and innovative digital finance solutions to its users, using this experience <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">as a catalyst for continuous improvement and strengthening.<\/span><\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Telcoin, a leading figure in the digital finance space, recently faced a major security challenge, emerging resilient and dedicated to user security.<\/p>\n","protected":false},"author":33,"featured_media":159452,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102,84,74],"tags":[4620,5001],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/159446"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=159446"}],"version-history":[{"count":4,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/159446\/revisions"}],"predecessor-version":[{"id":159457,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/159446\/revisions\/159457"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/159452"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=159446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=159446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=159446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}