The ongoing Nano saga has taken another twist with a token holder dropping his case.
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The ongoing Nano saga has taken another twist with a token holder dropping his case.
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Embattled cryptocurrency exchange, Bitgrail, announced ongoing bankruptcy proceedings in Italy have turned full force, as the court seized the exchange’s bitcoin wallets. The ecosystem seems decidedly torn between addressing the fundamental cause, a hack that drained $170 million, and making victims whole. Also read: William Shatner Joins Bitcoin Mining Project, Admits He Doesn’t Quite […]
The post Bitgrail Bitcoin Assets Taken by Italian Government, Victims Still Fuming appeared first on Bitcoin News.
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Bitgrail has denied responsibility for the recent hack that saw the theft of 17 million XRB, or Nano, in comments made in a Telegram group for victims of the hack. Despite rejecting responsibility for the incident, the exchange states that it will “voluntarily” refund users through the creation and issuance of BGS tokens. Also Read:Three […]
The post Bitgrail to Refund Hack Victims with Newly Created BGS Tokens appeared first on Bitcoin News.
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Cryptocurrency can be lost in a variety of ways, from hacking to forgotten passwords and failed flash drives. But in dollar terms, one of the biggest causes of crypto losses is bad code, and it’s not usually the fault of the coin’s developers. Instead, third parties, including shoddy smart contract developers and shady exchanges, are […]
The post Bad Code Has Lost $500 Million of Cryptocurrency in Under a Year appeared first on Bitcoin News.
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Bitgrail, an exchange whose primary purpose was to facilitate the trading of nano, has folded after ‘losing’ 17 million XRB, valued at around $170 million. The Italian exchange had been offline for weeks, and its customers feared the worst. Today, its operator “Francesco The Bomber” confirmed the bad news, which gained short shrift from the […]
The post Cryptocurrency Exchange Bitgrail Suspends Operations After ‘Losing’ $170 Million of Nano appeared first on Bitcoin News.
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