Sentences with phrase «of exchanges hacked»

The number of exchanges hacked this year may surprise you.

«[C] rypto investors and speculators have been through a number of exchange hacks by now, likely recognizing that an exchange hack involves a vulnerability in the application on top of a protocol, as opposed to a vulnerability within the crypto - protocols involved... the fundamentals of crypto assets have not weakened, though we have yet another example of the need for further professionalization in crypto application - infrastructure.»

Not exact matches

Recorded Future, a cybersecurity firm, published an analysis Tuesday laying out evidence that North Korean hackers — the same group, known as Lazarus, blamed for the infamous hack of Sony Pictures Entertainment in 2014 — were systematically targeting and plundering South Korean cryptocurrency exchanges.

Indeed, the sudden halt of Bitconnect drew parallels to Mt. Gox, a major cryptocurrency exchange that shuttered in 2014 after losing virtually all its Bitcoins — largely through a massive hack, but also through the alleged embezzlement and mismanagement of its CEO.

And worries «that the prices of Bitcoin and other digital tokens have been artificially propped up by a widely used exchange called Bitfinex, which has a checkered history of hacks and opaque business practices,» the New York Times reported.

An obscure Italian cryptocurrency exchange called BitGrail claims that it was hacked late last week and lost roughly $ 195 million worth of customers» cryptocurrency.

Over one stretch of 2013, its price surged 85-fold; it crashed the following year after a hack of the exchange Mt. Gox shook the confidence of many early devotees.

In the same month, Yapian, the owner of South Korea's Youbit exchange, filed for bankruptcy following a hack that saw 17 percent of its cryptocurrency holdings stolen.

The price of Bitcoin has seen a roughly 5 % bump in the last day, and the cause appears to be a potential rescue for the hacked cryptocurrency exchange Coincheck — from financial services company Monex.

Japan's Financial Services Agency told Coincheck to get its systems in order after the hack — the exchange had been storing customer assets in an internet - connected «hot wallet,» which is something of a security no - no.

Another person summarized: ``: fire:: fire:: fire:: fire: NOBODY PANIC: fire:: fire:: fire:: fire:» Many drew comparisons to Mt. Gox, a Japanese virtual - currency exchange — once the largest of its kind — that had collapsed in a catastrophic $ 460 million hack two years prior.

Japanese cryptocurrency exchange Coincheck confirmed that some $ 524 million worth of digital coins had been stolen — likely making it the largest single hack on an exchange, even outweighing the Mt. Gox breach of 2014.

What may also be keeping crypto markets relatively more propped up today than they were following the Mt. Gox hack is the fact that there are more players in the market today, with Coincheck being just one of many exchanges, and NEM being only one of many cryptocurrencies.

She is hopeful, she said, that regulators will warm up to the sector as they did in Japan, now one of the most cryptocurrency - friendly environments, despite being home to Tokyo - based Mt. Gox, once the world's biggest Bitcoin exchange before its disastrous hacking in 2014.

The trading hype has persisted despite a massive hack of Tokyo - based exchange Coincheck in January that resulted in losses of about 58 billion yen ($ 533 million) worth of virtual currency, according to Coindesk.

Sensitive, confidential information belonging to major U.S. stock exchanges was at risk of being hacked this year, thanks to an oversight by Securities and Exchange Commission staffers, according to a new Reuters report.

There were scandals such as the hacking and bankruptcy of Mt. Gox, one of the largest bitcoin exchanges in the world.

At the start of the month, Bithumb, the fourth largest cryptocurrency exchange in the world was hacked.

The lack of detail that Bitfinex provided about the hacking drove away some large customers, such as Arthur Hayes, the founder of Bitmex, a Hong Kong - based virtual currency exchange.

The company spread out the losses to all customers — even those who were not holding bitcoin at the time of the hacking — by forcing customers to take a 36 - per - cent haircut or loss on any money at the exchange.

A group of 16 cryptocurrency exchanges in Japan have decided to create a self - regulating body in the country to safeguard investors following the massive Coincheck hack last month that cost about $ 530 million, according to Reuters.

Cryptocurrency exchange Coinsecure has suffered a hack leading to a loss of 438.318 bitcoins worth Rs 19 crore ($ 2.9 million), the Delhi - based company said.

A $ 530 million hack of Japanese cryptocurrency exchange Coincheck late last week has also weighed on the market, along with a subpoena U.S. regulators sent to two of the world's biggest cryptocurrency players, Bitfinex and Tether.

Many in Japan feared its cryptocurrency market would grind to a halt following the hack of the Tokyo - based exchange, Coincheck.

That inspection came in the wake of a January 26 hacking incident: the exploit saw $ 530 million worth of NEM tokens stolen from the exchange.

And last week, in particular, with the continuation of the hack attacks and closures of the exchanges and the devaluation of said Bitcoin, well, let's just say that it wasn't the best of weeks for that cryptocurrency.

It also means that funds are never in control of the company, removing the third - party risk of the exchange running off with money or being hacked.

Besides bitcoin, the exchange also facilitated the trade of a basket of altcoins but has not revealed whether their altcoin wallets were affected by the hack.

One of the largest exchanges in the world, Bitfinex, has been hacked numerous times and provides little transparency about where it is keeping its money.

Cryptocurrency storage and protection is still relatively in its infancy, and since the launch of cryptocurrency exchanges, there have been several notable exchange hacks — resulting in billions lost.

Leaving your LTC on an exchange is incredibly risky, especially given the sheer volume of cryptocurrency stolen from cryptocurrency exchange hacks to date.

The much - touted privacy is turning into a liability as the exchanges that facilitate the use of Bitcoin have been repeatedly hacked and hundreds of millions of dollars worth of bitcoin have been stolen.

Cryptocurrency exchange Coinsecure has suffered a hack leading to a loss of 438.318 bitcoins worth Rs 19 crore ($ 2.9 million),...

The Japanese government is slapping penalties on several cryptocurrency exchanges in the country, after 58 billion yen ($ 530 million) of virtual coins were lost earlier this year from hacking.

Market Overview Bitcoin and other cryptocurrencies have ascended at a steady pace over the last 3 weeks and it appears that Bitcoin has developed an impressive immunity against the usual correction triggers of tax selling, regulatory fears, exchange hacks and other FUD that have plagued crypto - markets since Q1 2018.

South Korea's spy agency beileves a recent run of hacking attacks on domestic cryptocurrency exchanges is linked to North Korea.

The Financial Services Agency (FSA) have recently developed new strategies and requirements for cryptocurrency exchanges to follow, in the wake of the devastating Coincheck hack in January, evidence that the government are keen to facilitate cryptocurrency activity within its borders but are equally keen to ensure that trading remains above board, legal and safe.

The exchange is currently attempting to refund investors the majority of the funds stolen in the hack, and also faces several lawsuits over the heist.

On Feb. 24, 2014, the exchange went offline, and a document was leaked that outlined a years - long $ 450 million (Approx. 850,000 coins) hack of bitcoins that went completely undetected.

People stopped using them to try to buy stuff, hoarded them for speculative gains instead, and then grumbled when exchanges were hacked, their windfalls stolen or frozen and many of the altcoin offerings turned out to be blatant frauds.

Buterin now wants to solve a major problem that has been bothering the world of cryptocurrencies - exchanges getting hacked.

However, the recent 30 % dump in the price of BTC in just 2 days, after Hong Kong BTC exchange Bitfinex was hacked and nearly 120,000 BTCs were stolen, deftly illustrates that there is no substitute for physical gold and physical silver.

Yesterday, on March 8, the price of bitcoin has dropped below $ 9,500 briefly, triggered by Binance hack rumors, the Japanese government's issuance of penalty on local exchanges, and the sell - off of a massive amount of bitcoin by the Mt. Gox trustee.

There's a lot of concerns, even in Japan, because one of their biggest exchanges got hacked into and has now been bought out by another company in an effort to bring that back to an even keel.

The Wall Street Journal report that the South Korean cryptocurrency exchange YouBit is the latest victim of a malicious hacking, and that their northern neighbours are to blame.

This additional proves that centralized exchanges are susceptible to hacks and if exploited can have an effect on 1000's, if not tens of millions of individuals.

There have been hacks of widespread exchanges, essentially the most well - known in all probability being Mt. Gox, however this nonetheless doesn't expose any weak point within the decentralization mannequin.

Wall Street boasts of 3,000 vendors and over 400,000 customers who visit the marketplace who purchase recreational substances, banking accounts, and hacking software in exchange for bitcoin and monero.

Concerns are swirling around even legitimate digital currency platforms, after Coincheck — one of Japan's biggest exchanges — lost some $ 530 million in an apparent hack last week.

This message was brought home clearly earlier this year in Asia when on February 6, the South Korean Intelligence Agency reported to the Parliamentary Intelligence Committee that it deemed North Korea responsible for the hacking of the Japanese Bitcoin exchange centre.