Stolen Augur REP Recovered
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....
Related News
A notable blockchain industry investor was hacked today, the latest target in a string of apparent social engineering attacks that have taken aim at cryptocurrency users. The hackers claim to have stolen and liquidated 110,000 REP (upwards of $300,000) in the digital currency Augur plus an additional unknown sum of ether, the cryptocurrency on the ethereum blockchain, owned by Bo Shen, founder of VC firm Fenbushi Capital. Speaking via Shen's Twitter account, the hacker credited his sale with dropping the dollar value of Augur's digital asset Reputation (REP) from 0.0035 BTC (then roughly....
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....
There is even more positive news for Augur, as the team will be attending the CNBC & Singularity U’s Exponential Finance Innovation Lab on June 7-8. Airbitz and Augur are partnering up to deploy the Airbitz Edge Security Platform. What makes this new service so valuable is how it offers a secure account creation process for end-users. Additionally, encryption, backups, and synchronization across all devices will be part of this solution as well. A Mainstream Audience for Augur. But there’s more to the Airbitz Edge Security Platform, as it will allow users to use decentralized....
Kucoin chief executive officer Johnny Lyu revealed Wednesday that the exchange recovered 84%, or $235 million, of the $280 million stolen in one of crypto industry’s biggest hacks in September. In a tweet, Lyu said the affected funds have been recovered “via approaches like on-chain tracking, contract upgrade and judicial recovery. As asked by the law enforcements, we will publish all the details once the case is closed.” The Kucoin co-founder stated that the exchange has resumed trading for 176 tokens and the rest will be re-opened before November 22. Hackers made off....
It's been a wild couple of days for the team at Augur. Just 48 hours into their crowdsale, which launched at noon EST on August 17, they have raised in excess of 4200 BTC and 549000 ETH. "Unfortunately, the ether and BTC price keep falling, so the buys can't keep up with the (USD) price," said Augur's marketing director, Tony Sakich. Bitcoin has dropped from $253 USD to around the $232 mark since the Augur sale began. It's a remarkable feat for a company that has a somewhat esoteric product, built on Ethereum, arguably an as-yet unproven blockchain platform. Ethereum's Frontier stage was....