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>trading will resume once pools and exchanges have had time to update their code. A new release will be pushed out pretty soon.

Does this imply this company has the power to stop all trading on the currency? If so, why would anyone ever want to use this?



No, it implies they can nicely ask the exchanges to stop all trading, and the exchanges can make that decision or not.


> Prior to this announcement we had disclosed the hack to the exchanges for them to assist in our investigations.

No, but it does sound like they disclosed the vuln to exchanges before announcing so that trading could be halted and patches applied.




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