Hackers Thieve $32 Million in Cryptocurrency from Japanese Exchange Bitpoint

Hackers Thieve $32 Million in Cryptocurrency from Japanese Exchange Bitpoint

Japanese cryptocurrency exchange Bitpoint’s parent company Remixpoint has just revealed that the operator has lost 3.5 billion yen ($32 million) to hackers, as reported by the Nikkei Asian Review. ¥3.5 billion hacked from Bitpoint cryptocurrency exchange https://t.co/zbdqXgFCIO — The Japan Times (@japantimes) July 12, 2019 Customer funds worth 2.5 billion yen have been stolen by…

Coinbase Loses Another C-Suite Exec amid Mass Exodus at the Exchange

Coinbase Loses Another C-Suite Exec amid Mass Exodus at the Exchange

By CCN: The hits just keep on coming for popular U.S.-based cryptocurrency exchange Coinbase. Asiff Hirji took to Twitter to reveal that after less than two years as the Coinbase president and chief operating officer in San Francisco, he was calling it quits. Incidentally, Hirji, who is a TD Ameritrade alum, joined Coinbase during bitcoin’s…

Bitfinex Claims Victory as Supreme Court Gives Nod to Exchange & Tether

Bitfinex Claims Victory as Supreme Court Gives Nod to Exchange & Tether

TweetShareBy CCN: The New York Supreme Court has ruled that the scope of the Attorney General’s investigation into Bitfinex and Tether Limited is too broad and needs a time limit.Bitfinex: Supreme Court Ruling a “Victory”The embattled exchange called the ruling a “victory” and insinuates that the case will end up going nowhere. Bitfinex has already…

Blockchain Researchers Look to Overhaul Crypto Exchange Ranking Data

Blockchain Researchers Look to Overhaul Crypto Exchange Ranking Data

TweetShareBy CCN: ‘Reported volume’ is the default metric that people look for when determining the ranks of crypto exchanges. ‘Reported’ and ‘adjusted’ volumes wildly differ on sites like CoinMarketCap.com. For example, if you look at the image below, you’ll notice a wild difference in “reported” and “adjusted” volumes at press time.Ranking Exchanges Beyond Their “Volume”Notice…

US Mt Gox Victims Score Legal Win Against Infamous Bitcoin Exchange

US Mt Gox Victims Score Legal Win Against Infamous Bitcoin Exchange

TweetShareMark Karpeles, the former CEO of the notorious Mt Gox, has lost the motion to strike a lawsuit against him on the grounds that plaintiffs – specifically the defunct bitcoin exchange’s US victims – are likely to be reimbursed eventually.The exchange’s former CEO spent nearly a year in a Japanese jail after being arrested and…

Embezzlement, $26 Million Loss Bankrupts Korean Crypto Exchange Coinbin

Embezzlement, $26 Million Loss Bankrupts Korean Crypto Exchange Coinbin

TweetShareCoinbin, the South Korean Cryptocurrency exchange which took over hacked exchange Youbit, is filing for bankruptcy with losses equating to over $26 million.Cryptocurrency and Cash Transactions StoppedAccording to reports by Business Korea, the bankruptcy announcement was made by Coinbin CEO  Park Chan-kyu on February 20, 2018. After which cryptocurrency and cash settlements were stopped and…