Unbelievable: Bitcoin Exchange Coinbase Bans User Who Helped Save Millions
Note: Coinbase has posted a response to this story which can be read here. This is really an unbelievable story! Bitcoin exchange Coinbase has allegedly banned a user who helped them fix a major Vault exploit that could have resulted in millions of dollars in losses. The user took to popular social platform Reddit to share his side of the story. The user, pxallin1122, states that he began an investigation into the Vault system in June 2015, and found a major exploit on the site. The exploit allowed the user to withdraw infinite bitcoins (yes, you read that right!) even if they weren't....
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Bitcoin exchange Coinbase has posted a comprehensive response to the recent bounty controversy. Yesterday, we first reported that the bitcoin exchange had surprisingly banned a user who helped them fix a vault bug that saved the San Francisco-based company from potential losses of millions of dollars. Rob Witoff of Coinbase discussed the Company's bug bounty program, which calls for a minimum of $100 reward for bringing coding bugs and possible exploits to notice. There is no higher end to the rewards as of yet, but identifying and demonstrating how Remote Code Execution vulnerability can....
The U.K.’s Financial Conduct Authority (FCA) has banned the sale of cryptocurrency derivatives products to retail investors in a move that it says will save the targeted customers £53 million ($68.9 million) in losses each year. The ban comes into effect on January 6, 2021. In a statement on October 6, the regulator declared that the sale, marketing, and distribution of any derivatives including contracts for difference, options, futures, and exchange-traded notes (ETNs) by any local or foreign company operating in the U.K. is banned. The Authority said derivatives based on....
Scams in the crypto space have recorded a meteoric rise with the bull rally and one Coinbase user has suffered a tremendous loss after falling victim to one of these scams. The user had fallen victim to the phishing scam that saw him lose millions in crypto to the scammer in a matter of minutes. […]
Connect your crypto wallet to the Coinbase marketplace, and have ETH in your wallet to bid, buy and sell NFTs on Coinbase. Not only is the number of nonfungible token (NFT) collections growing at a phenomenal rate, but so are the NFT marketplaces. Previously, NFT marketplaces were mainly decentralized applications (dApps) on various blockchains, but nowadays, crypto exchanges are also seeing the benefits of having their own NFT marketplace. This includes Coinbase, the exchange with the most users worldwide, which, of course, cannot lag behind the competition.Related: What are DApps?....
PRESS RELEASE. Beaxy Exchange is running a one-of-a-kind match bonus program that will double your deposit up to $500. For example, when you enroll in the program and deposit $1,000 worth of fiat or crypto, you will receive an additional 500 USDC to use for trading. How to Trade with More on Beaxy Doubling your deposit is easy on Beaxy. To receive your deposit bonus – log in or sign up, navigate to the deposit page and be sure to click Participate to opt-in to the program. Complete your deposit and that’s it! Once your deposit gets to your account, sit tight and watch as your....