The Nano Foundation has announced it will sponsor a legal fund to provide all victims of the hack of cryptocurrency exchange BitGrail with equal access to representation and pursue their legal interests associated with BitGrail’s insolvency, according to a Nano Foundation blog post April 9. In February, the Italy-based digital currency exchange BitGrail suffered a […]

Bitcoin Scams

Japanese financial services provider Monex Group announced that it will acquire 100 percent of shares of Coincheck Inc., according to a Monex press release April 6. The execution of share acquisition is planned for April 16 at a price of 3.6 bln yen ($33.5 mln). The acquisition price is calculated from the net asset estimate […]

Bitcoin

Anonymity-focused cryptocurrency Verge (XVG) lost 25% of its value April 4 as news surfaced of an apparent hack which developers ‘resolved’ by accidentally initiating a hard fork. According to various press and social media sources, including Verge developer known as Sunok, a bug allowed manipulation of block mining timestamps. This created the potential for illegitimate […]

Altcoin

The Japanese Metropolitan Police Department has opened a new “Cyber” building and gathered 500 of its agents into a law enforcement unit dedicated to tackling cybercrime, Reuters reported April 2. The “Cyber” building will have six departments and strengthen cooperation between hitherto dispersed authorities. The move comes in the wake of January’s $532 mln hack […]

Bitcoin Regulation

Yapian Corp., the operator of twice-hacked crypto exchange Youbit, has been denied their insurance claim of $2.8 mln for last December’s hack of an alleged 17 percent of their assets, the Wall Street Journal reported March 29. The mid-December security breach of South Korean Bitcoin (BTC) exchange Youbit led the company to file for bankruptcy, […]

Bitcoin

Hackers have shut down key computer systems in the US city of Atlanta, Georgia and are demanding $51,000 in Bitcoin to reenable the affected systems, Fortune reports today, March 23. Atlanta’s Mayor Keisha Lance Bottoms announced the attack in a press conference on Thursday, March 22. She told members of the press that officials “don’t […]

Bitcoin

Experts confirmed that all NEM (XEM) coins stolen from the largest Japanese cryptocurrency exchange, Coincheck, have been transferred out of the hackers’ account, reports NHK World March 22. On Jan. 26, hackers stole $530 mln in NEM cryptocurrency from Coincheck. By Feb. 1, the Singapore-based NEM Foundation managed to ascertain that the hackers were moving […]

Altcoin