Bitgrail to Refund Hack Victims with Newly Created BGS Tokens

Bitgrail to Refund Hack Victims with Newly Created BGS TokensBitgrail 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 […]

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Hacked Japanese Exchange Considers Capital Tie-Up to Regain Public Trust

Hacked Japanese Exchange Considers Capital Tie-Up to Regain Public TrustJapanese cryptocurrency exchange Coincheck is reportedly considering a capital tie-up in order to regain the trust of crypto investors, following a recent hack where 58 billion yen worth of cryptocurrency was lost. As multiple victim groups are preparing to sue the exchange, the Tokyo police is also stepping up its investigations. Also read: Indians Look to […]

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US Regulator Warns Against Pump-and-Dumps and Advises How to Buy Crypto

US Regulator Warns Against Pump-and-Dumps and Advises How to Buy CryptoThe U.S. Commodity Futures Trading Commission (CFTC) has issued its first warning against pump-and-dump schemes involving cryptocurrencies while giving advice on how to buy crypto. This warning follows previous warnings by two other U.S. regulators. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies CFTC’s Warning The CFTC issued a Customer Protection Advisory […]

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Coincheck to Repay Hack Victims’ XEM Balances at 81 U.S. Cents Each

Coincheck to Repay Hack Victims' XEM Balances at 81 U.S. Cents EachMajor Japanese cryptocurrency exchange Coincheck has announced that it will reimburse the accounts of the 260,000 customers who lost XEM tokens in a recent hack at a rate of roughly 81 U.S. cents per unit. As of this writing, XEM is trading for approximately 89 U.S. cents, having recovered slightly from its dip in the […]

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