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02-12-2018, 08:33 PM
$200 million worth of cryptocurrency goes missing from BitGrail exchange
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Another day, another high-profile cryptocurrency hack — though in this case, the details are even murkier than usual.*
Italian cryptocurrency exchange BitGrail announced (https://bitgrail.com/news) last Thursday that it's missing 17 million Nano, a cryptocurrency (https://coinmarketcap.com/currencies/raiblocks/) worth $11.90 at the time the announcement was made. This means the total value of missing coins was around $202.3 million.
(The price of Nano has since dropped significantly; the coin is currently trading at about $10.15 according to CoinMarketCap).*
SEE ALSO: We spoke to the vigilante hackers who stole $85 million in ether to save it (https://mashable.com/2017/07/26/ethereum-stolen-white-hat-group-rescued/)
In a notice on its website, BitGrail mentions "unauthorized transactions," and says it has notified the authorities of the apparent hack. It also halted all withdrawals and deposits from the site.* Read more... (https://mashable.com/2018/02/12/200-million-cryptocurrency-hack-bitgrail-nano/)
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Another day, another high-profile cryptocurrency hack — though in this case, the details are even murkier than usual.*
Italian cryptocurrency exchange BitGrail announced (https://bitgrail.com/news) last Thursday that it's missing 17 million Nano, a cryptocurrency (https://coinmarketcap.com/currencies/raiblocks/) worth $11.90 at the time the announcement was made. This means the total value of missing coins was around $202.3 million.
(The price of Nano has since dropped significantly; the coin is currently trading at about $10.15 according to CoinMarketCap).*
SEE ALSO: We spoke to the vigilante hackers who stole $85 million in ether to save it (https://mashable.com/2017/07/26/ethereum-stolen-white-hat-group-rescued/)
In a notice on its website, BitGrail mentions "unauthorized transactions," and says it has notified the authorities of the apparent hack. It also halted all withdrawals and deposits from the site.* Read more... (https://mashable.com/2018/02/12/200-million-cryptocurrency-hack-bitgrail-nano/)
More about Tech (https://mashable.com/tech/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Hacking (https://mashable.com/category/hacking/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Bitcoin (https://mashable.com/category/bitcoin/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Cryptocurrency (https://mashable.com/category/cryptocurrency/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Tech (https://mashable.com/tech/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)https://pubads.g.doubleclick.net/gampad/ad?iu=/6692/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1518450205 (https://pubads.g.doubleclick.net/gampad/jump?iu=/6692/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1518450205)
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