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Massive cryptocurrency heist spurs calls for more regulation

Discussion in 'Technology News' started by Flash, Jan 30, 2018.

  1. Flash

    Flash Agent of Speed

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    At 2:57 a.m. on Friday morning in Tokyo, someone hacked into the digital wallet of Japanese cryptocurrency exchange Coincheck Inc. and pulled off one of the biggest heists in history.

    Three days later, the theft of nearly $500 million in digital tokens is still reverberating through virtual currency markets and policy circles around the world.

    “The latest theft will have two immediate effects: more regulation by authorities over exchanges and more recognition of the advantages offered by decentralized ways of trading,” said David Moskowitz, co-founder of Indorse Pte in Singapore, which runs a social network for blockchain enthusiasts.

    The Coincheck heist adds to a long list of thefts at cryptocurrency exchanges and wallets, stretching back to the robbery of Tokyo-based Mt. Gox in 2014. As prices of digital assets have soared, the platforms have become increasingly juicy targets for hackers.

    Source: Massive cryptocurrency heist spurs calls for more regulation – The Denver Post
     
  2. bssunilreddy

    bssunilreddy Well-Known Member

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