Poloniex Claims All Customers Repaid Following March Bitcoin Hack
US digital currency exchange Poloniex has released a new update on the customer repayment plan it implemented following the loss of 12.3% of its total bitcoins in a March attack. In a new press release, Poloniex claims 100% of the customers who experienced a financial loss have been reimbursed after a hacker or hackers reportedly exploited a vulnerability in the exchange's coding in order to steal the funds. Speaking to CoinDesk, Poloniex owner Tristan D'Agosta indicated his belief that customers have been adequately and successfully compensated for the site issues, stating: "97 BTC were....
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Here's an interesting one. In a newly-posted update on the Silk Road 2 forms, the illicit drug marketplace has announced that just over 82 percent of customers who had funds stolen in an early February hack have been repaid. That hack caused considerable damage, with the amount of bitcoins stolen pegged at 4474, amounting to nearly$3 million at them time (today worth about $2.5 million). Just days later, the marketplace's administrator, Defcon, committed to repay all who lost bitcoins following the calamity. There was hesitation in the community, even doubt. But he has seemingly made good....
Online black market Silk Road 2.0, the marketplace leader in drug listings and total listings, has revealed a new update on the status of its ongoing customer repayment efforts. The reimbursement plan was put in motion by Silk Road 2.0 after the site suffered a serious hack in February that resulted in the loss of 4,476 BTC in customer funds ($2.6m at then-market prices). Undeterred, Silk Road 2.0 proposed a seven-point plan that would find moderators going without payment and the site charging a markup on purchases to recoup the losses. Moderator Defcon issued a lengthy statement on a....
Crypto exchange Poloniex claims to have confirmed the identity of the party behind the $126 million hack of its platform. In addition, the crypto exchange has also invited the local police of multiple nations into its investigation as it looks to recover these stolen assets. On November 10, Poloniex, which is majorly owned by TRON […]
Bitfinex customers who got socked for a 36 percent loss on account of the recent hack could have legal recourse against the Hong Kong exchange, according to lawyers from Kobre & Kim, a global law firm, CNBC reported. The Hong Kong exchange, due to the attack’s indiscriminate nature, opted to charge all customers 36 percent, CCN reported. Bitfinex also allocated customers a new token on the “Omni protocol” transferable and remaining outstanding until exchanged for shares in Bitfinex’s parent company or repaid by Bitfinex. Kobre & Kim lawyers Randall Arthur and Jef Klazen noted that....
Digital currency exchange Poloniex, which trades bitcoin and other popular digital currencies such as litecoin, namecoin and dogecoin, has lost 12.3% of its total bitcoin supply in an attack. The exchange took to Bitcoin Forum on 4th March to report it had been compromised by a previously unknown vulnerability in its coding. Writing under the username Busoni, Poloniex owner Tristan D'Agosta, moved to calm concerned users by explaining what lead to the hack, as well as what the next steps from the company would be. D'Agosta explained: "The hacker discovered that if you place several....