Ethereum’s $5.2 Million Fee Scandal Explained: Exchange Held to Ransom by Hackers

Hackers are holding an unnamed crypto exchange to ransom after an alleged cyber-attack forced the Ethereum blockchain to facilitate two separate transactions at a cost of $5.2 million in fees, new information suggests. The hackers may have gained access to the exchange’s funds but failed to transfer the money into their own wallets because of … Read more

Japanese Court Upheld Former Mt Gox CEO’s Conviction for Manipulating Data

A Japanese high court upheld the Tokyo-based lower court’s decision to reject the former Mt Gox CEO’s appeal. Mark Karpeles was arrested in 2015 and accused of “manipulating electronic data” and managed to duck embezzlement charges. The former boss of Mt Gox, Mark Karpeles, now has to face the music for his prior “manipulating electronic … Read more