$200 million worth of cryptocurrency goes missing from BitGrail exchange

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$200 million worth of cryptocurrency goes missing from BitGrail exchange

$200 million worth of cryptocurrency goes missing from BitGrail exchange

Another day, another high-profile cryptocurrency hack — though in this case, the details are even murkier than usual.*

Italian cryptocurrency exchange BitGrail announced last Thursday that it's missing 17 million Nano, a cryptocurrency 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


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...

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