Worth $170 Million Cryptocurrency Missing From Italian Exchange.Virtual currency news
Worth $170 Million Cryptocurrency Missing From Italian Exchange.Virtual currency news
Cryptocurrency Worth $170 Million Missing From Italian Exchange – WSJ
https://www.wsj.com/articles/cryptocurrency-worth-170-million-missing-from-italian-exchange-1518241679
An Italian cryptocurrency exchange called BitGrail said on Friday that it lost about 17 million tokens of a cryptocurrency called Nano, with a market value of about $170 million.
In a note on its website, the exchange said “internal checks revealed unauthorized transactions which led to a 17 million Nano shortfall, an amount forming part of the wallet managed by BitGrail.” It didn’t indicate exactly when the hack occurred.
The exchange said that it has informed authorities, and that it didn’t believe any other currencies it holds were affected. It did say, however, that it was suspending all withdrawals and deposits temporarily. A representative of BitGrail couldn’t be reached Friday evening in New York.
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