How a malicious seed generation website stole $4M
IOTA has been notoriously famous for rolling their own flawed hash function which allowed researches to develop a working PoC for hash collision attacks.https://medium.com/@neha/cryptographic-vulnerabilities-in-io...The CEO of IOTA David Sonstebo tells his users it's not his problem if they lose money using IOTA because they're too dumb to understand the design flaws:  https://np.reddit.com/r/CryptoCurrency/comments/7gwl38/hello...Yikes.IOTA also relies on a centralized sever owned and operated by David Sonstebo which takes periodic snapshots so transactions can be rolled back if the IOTA devs ever feel the want to.  https://domschiener.gitbooks.io/iota-guide/content/chapter1/...Further reading:Nick Johnson: Why I Find IOTA Deeply Alarming https://hackernoon.com/why-i-find-iota-deeply-alarming-934f1...Daniel Rice: Why I Also Find IOTA Deeply Alarming https://medium.com/@thedrbits/why-i-also-find-iota-deeply-al...Eric Wall: IOTA Is Centralized https://medium.com/@ercwl/iota-is-centralized-6289246e7b4dSidenote the founding developer of IOTA, Sergey Ivancheglo claims to have built a time machine http://come-from-beyond.com/about-me/