For anyone familiar with the now infamous MIT Digital Currency Initiative report on Cryptographic vulnerabilities in IOTA, https://medium.com/@neha/cryptographic-vulnerabilities-in-iota-9a6a9ddc4367
IOTA has gone Full Nuclear Spin Doctor about the MIT security flaw report:
We informed the IOTA developers, they patched their system, and we wrote a vulnerability report.
“Patched” is a wrong word here. IOTA developers removed a part of the copy-protection mechanism which became useless once details of its work had become known to others.
IOTA no longer has the vulnerabilities we found, they have been fixed.
No real vulnerabilities were found, hence nothing was to fix.
Not only is IOTA denying that the bug was a bug, they are going as far as to now claim that the patch was not in fact a patch, but a removal of code that was designed flawed as copyright protection.
They are trying to make everyone forget that the exchange was down for three days on August 7th for a critical wallet upgrade that required everyone to migrate their balances to new seeds!!!!
Now IOTA is claiming that the raising of doubt and critical awareness on their subreddit is actually a 4chan brigade attack.
If it isn't 4chan's fault, then they are blaming MIT for being in conflict of interest by highlighting IOTA code faults to save zcash and Paragon Foundation.
This smells like the worst of coverups and almost complete desperation in order to avoid being honest and open to MIT research criticisms.
I'd love to see IOTA grow. I think it has great potential if they can provide a mathematical proof that the network is secure and stop being so defensive about criticisms of their project.