$200 million worth of cryptocurrency goes missing from BitGrail exchange
Another day, another high-profile cryptocurrency hack -- though in this case, the details are even murkier than usual.
Italian cryptocurrency exchange BitGrail announced last Thursday that it's missing 17 million Nano, a cryptocurrency worth $11.90 at the time the announcement was made. This means the total value of missing coins was around $202.3 million.
(The price of Nano has since dropped significantly; the coin is currently trading at about $10.15 according to CoinMarketCap).
SEE ALSO:We spoke to the vigilante hackers who stole $85 million in ether to save itIn a notice on its website, BitGrail mentions "unauthorized transactions," and says it has notified the authorities of the apparent hack. It also halted all withdrawals and deposits from the site.
On the surface, this seems to be just another cryptocurrency theft, the likes of which we've seen plenty of in recent years. Just last month, Japanese cryptocurrency exchange Coincheck said hackers had stolen $424 million worth of NEM coins from its reserves.
The BitGrail hack is a bit more complicated. One day after the company's announcement, the team behind Nano posted an announcement of its own, in which they claim that Francesco "The Bomber" Firano has contacted them and asked them to modify Nano's ledger in order to cover the losses. But the Nano team claims there has been no technical issues with Nano's underlying ledger. "The problems appear to be related to BitGrail's software," the announcement said.
This is supported by a widely shared tweet by security researcher Tony Arcieri, who claims that BitGrail was hacked due to poorly implemented security. "The checks for whether you had a sufficient balance to withdraw were only implemented as client-side JavaScript," he wrote; this implies that a hacker could've modified the code locally in order to trick the exchange that he had more coins than he actually had (note that the source for this is an anonymous comment posted on social media, and it hasn't been verified as accurate).
Tweet may have been deleted
Furthermore, the Nano team said that there's "reason to believe that Firano has been misleading the Nano Core Team and the community regarding the solvency of the BitGrail exchange for a significant period of time."
Some reports on Twitter from BitGrail users confirm that something suspicious may have been going on on BitGrail for a while. According to some users, the exchange made it progressively harder for users to withdraw coins from the exchange, starting in December of last year.
Tweet may have been deleted
Firano fired back on Twitter, calling these accusations "unfounded," and said the BitGrail team will be pressing charges against the Nano team due to "irresponsible behavior."
Tweet may have been deleted
Regardless of the outcome, it's probably little comfort to people who've lost their funds. Shortly after its own hack, the Coincheck exchange announced it would restore all the stolen funds out of its own pocket; there has been no such announcement from BitGrail at this point.
Featured Video For You
Bye-bye, Bitcoin. It's all about bananacoins.
(责任编辑:资讯)
- When Are Next
- Anita Sarkeesian and the defiant women who shaped history
- Huawei's new Honor 8 Pro smartphone has 6GB of RAM, ultra
- 河源举办农村创业青年培训提高班
- Coach jailed for sexual exploitation of underage athlete
- I went to an offline dating event for singles. Here's how it went.
- Most newlyweds in Seoul live on lease
- NK parliament's longest
- The internet is saying goodbye to Steve Bannon by trolling him with Confederate statue jokes
- AirPods Pro 3 and AirPods 4 may get revealed at the Apple September event
- Sabalenka wins battle of Belarus
- S. Korea imposes sanctions on 11 vessels over N. Korea's illegal ship
- A drunken American saluted Hitler in Germany and it did not go well for him
-
Amazon Android Days sale 2024: Save on unlocked phones, tablets, and more
Table of ContentsTable of ContentsUPDATE: Aug. 28, 2024, 1:50 p.m. EDT This story has been updated w ...[详细] -
Very excited dad nails insane frisbee golf shot. Son doesn't care.
You wish you could get excited about anything the way this dad gets excited about nailing this super ...[详细] -
“老乡,今年苹果行情怎么样?现在正是采摘旺季,人手够吗?”“价格还不错,家里面去外地打工的都回来帮着采摘呢!”“现在疫情防控形势依然严峻,针对外地务工返乡人员,镇上、村上有没有宣传过防疫要求,对相关人 ...[详细]
-
Verizon tests 4G LTE coverage drones for extreme weather conditions
When you're struggling to find a 4G LTE connection after a nasty storm in the future, you might be a ...[详细] -
US Open 2024 livestream: How to watch US Open tennis for free
TL;DR:Live stream the 2024 US Open for free on 9Now and TVNZ+. Access these free streaming platforms ...[详细] -
Premier League flexes financial muscle as fans return
LONDON:The Premier League returns on Friday in front of full crowds for the first time since the cor ...[详细] -
Public corporations see earnings surge in 2014
South Korea's public corporations and state-run institutions saw their earnings jump in 2014 from a ...[详细] -
'Game of Thrones' picks up 9 Creative Arts Emmys
Game of Thronesisn't just a favorite at the Primetime Emmy Awards. HBO's murderous fantasy series cl ...[详细] -
患者制作香囊“这是我们自己做的香囊,有安神助眠、除湿等功效,价格不贵,10元钱一个。”8月14日,雅安市第四人民医院门诊大厅的“爱心义卖”吸引了医院里不少人的目光。售卖香囊的是该院精神康复科的患者,售 ...[详细]
-
河源举办农村创业青年培训提高班_南方+_南方plus5月15-16日,河源市关工委联合省农科院河源分院在河源市区举办2024年“培育新质生产力、助力产业新发展”农村创业青年培训提高班。河源市关工委主任 ...[详细]
- 多措并举优治理 绘就幸福新图景
- N. Korea rebuilds destroyed guard posts inside DMZ with concrete
- Public corporations see earnings surge in 2014
- Sabalenka wins battle of Belarus
- We Bought the Cheapest DDR5 RAM Modules We Could Find, Are They Any Good?
- The internet is saying goodbye to Steve Bannon by trolling him with Confederate statue jokes
- North Korean foreign minister arrives in Russia amid deepening military ties