Tether hit by a $31 million hack - Daily Crypto Baker #12

in #bitcoin7 years ago

🗓The most important crypto news for the last days🔻

🔹Tether, the troubled cryptocurrency hit by a $31 million hack, has split with its auditors.

  • Tether, hit by $31 million hack in November, has built a cryptocurrency pegged to the dollar. Critics are suspicious of whether it has dollar reserves it claims, but Tether calls scepticism "uninformed and baseless."

🔸Philippines are going to develop rules on cryptocurrency trading.

  • The regulation, which will cover issuance and registration of cryptocurrencies, is expected to be finalised this year, said Emilio Aquino, SEC commissioner in charge of enforcement and investor protection.

“We need to act because initial coin offerings (ICOs) are sprouting especially in 2017. We want to come up with our own set of regulations,” Aquino told a news conference. “You have to be extra careful how investors in this new space are protected.”

🔹Another case of “cryptojacking” was detected on YouTube.

  • Another case of “cryptojacking” was detected on YouTube and resolved by Google. According to the report, anonymous hackers have managed to run ads on YouTube that consumed the visitors’ CPU power and electricity in order to mine cryptocurrencies for the attackers.

🔸Japanese cryptocurrency exchange Coincheck exchange has been hacked.

  • 🔸Japanese cryptocurrency exchange Coincheck exchange has been hacked, resulting in a massive loss of 523 mln NEM coins, worth approximately $534 mln at that time. Later it announced, that will issue full refunds to all of the 260,000 of its users who have become victims of the hack.

Hacked Tokyo cryptocurrency exchange to repay owners $425 million ( 90% ) .

  • TOKYO (Reuters) - Tokyo-based cryptocurrency exchange Coincheck Inc said on Sunday it would return about 46.3 billion yen ($425 million) of the virtual money it lost to hackers two days ago in one of the biggest-ever thefts of digital money.


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God, I really want this Tether ordeal to stop.

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