Hardware wallets have become much better known this year as users seek ways of avoiding
multiple exchange hacks.
Not exact matches
Bitfinex is a Hong Kong - based cryptocurrency
exchange that has been
hacked multiple times.9 Most recently, about 400 days ago, $ 65 million dollars» worth of bitcoins were stolen.
Multiple hacking attempts, both successful and unsuccessful, have also plagued the major
exchanges and called into question whether existing regulatory measures are enough.
The company announced its plans to enter the crypto space five days after popular
exchange Coincheck was
hacked for 58 million yen (~ USD$ 583,000) worth of the cryptocurrency NEM, causing massive media coverage and
multiple class - action lawsuits.
As Cointelegraph reported on March 8,
multiple reports concluded that the current cryptocurrency downturn since late December is a result of a $ 400 mln sell - off between December and February by the attorney and bankruptcy trustee of Mt.Gox, formerly the largest Bitcoin
exchange in the world, before it went bankrupt in 2014, following a major
hack.
Yesterday, it was disclosed that the hacker behind Coincheck
hack was trying to sell the stolen NEM coins as NEM's vice president Jeff McDonald said they have tracked the stolen coins and that the hacker was trying to spend them on
multiple exchanges.
The reported date to ban anonymous trading comes within a month of Korean authorities conducting onsite inspections of
multiple cryptocurrency
exchanges following the mid-December
hack of Seoul - based
exchange Youbit.
The reported curbs come within days off South Korean authorities conducting onsite inspections of
multiple domestic bitcoin
exchanges following the December 19th
hack of Youbit, a Seoul - based
exchange that declared bankruptcy soon after.