ETH and REP Crash Hard Amid Ciruclating Rumors Bo Shen Had Funds Stolen
In the end, this goes to show any cryptocurrency holder is vulnerable to hackers, assuming that its what happened. People keeping a close eye on the Ethereum price may have noticed things are heading south. In fact, Augur’s REP token is following a similar trend. As it turns out, someone has – allegedly – hacked one of both currency’s “whales” and is dumping all associated coins. An excellent example why security matters, even to people such as Bo Shen. Both Ethereum and REP are going down the drain in quick succession on the exchanges. So-called “whales,” investors holding significant....
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A third of the stolen REP from the account of Bo Shen has been recovered according to Augur Co-Founder Jack Peterson, and he thinks more of the stolen tokens could still be retrieved as they continue to work with exchanges. An account belonging to Shen, one of the early investors in Ethereum and Augur, was reportedly hacked last Tuesday causing the Poloniex Augur market to bottom at the price level of 0.0001 BTC for one REP, despite the average price of 0.0035 in the previous period. The hacked wallet was a top 20 wallet by size in Augur and constituted a significant percent of the total....
To be more precise,a total of 3641694 ETC has been moved to a new address. This is a large amount, particularly when taking the current Ethereum Classic price into account. Some of the funds stolen by The DAO “attacker” is on the move right now. More particularly, the majority of Ethereum Classic holdings have been transferred to a different address. The bigger question is what his funds will be used for, and whether or not it will be dumped across exchanges. With over 3 million ETC on the move, a market crash might be looming on the horizon. When The DAO got breached by an unknown entity....
The DAO hacker has moved his stolen Ethereum from the Ethereum Classic chain, donating part of it to the Ethereum Classic developers. The move of the stolen funds from the DAO hack occurred earlier this week. As his first action with the funds the hacker sent 1,000 ETC, about $1,500, to the address associated with Ethereum Classic’s development team, leading to speculation that the initial hack might have been motivated by a desire to fork Ethereum (which ended up being a result of the hack). Ethereum’s long and complicated hacking saga. The hacker exploited a vulnerability in the DAO’s....
An account belonging to Bo Shen, one of the early investors in Ethereum and Augur, was reportedly hacked on Tuesday causing funds from both networks to be drained. The hacked wallet was a top 20 wallet by size in Augur and constituted a significant percent of the total token supply. It was big enough to fill practically all the orders in the Poloniex buy side order book. The Poloniex Augur market has bottomed at the price level of 0.0001 BTC for one REP despite the average price of 0.0035 in the previous period. Poloniex tweeted that they have been investigating the Augur matter but have....
Mark Karpeles faced fresh embezzlement charges Wednesday as Japanese media claimed some of Mt Gox's stolen funds were spent on prostitutes. But, who cares? Is there anything all that unique about a successful man spending some of that hard-earned money (or in this case hard-stolen) on a good bang? Research shows the answer is 'not really.'. First, the charges. Tokyo police arrested France-born Mark Karpeles for moving 20 million yen ($166,000) in client money to his own bank account amid fraud allegations regarding the loss of hundreds of millions of dollars worth of Bitcoin. According to....