$2.47 Worth Crypto Stolen From Istambul Crypto Company

Hackers communicated thru the PlayerUnknown’s Battlegrounds in-game chat
14 February 2019   202

The cryptocurrency company based in Istanbul fell victim to criminals who stole Bitcoins and other cryptocurrencies from its accounts totaling 13 million lire (about $ 2.47 million). This is reported by the local Daily Sabah.

The company, whose name was not disclosed, went to the police with a statement after it discovered that it had stolen large amounts of bitcoins, Ether and XRP.

A division of the Turkish police in the fight against cybercrime conducted an investigation, the results of which confirmed the fact of hacking two wallets belonging to the company. The police also managed to track the movement of stolen funds thanks to the records in the blockchain and identify the intruders. It is noteworthy that they coordinated their actions through the chat of the popular online game PlayerUnknown’s Battlegrounds (PUBG).

In the course of the special operation, police conducted searches at the place of residence of suspects to steal funds in several cities, arresting 24 people. During the time, cash was seized, and a stolen cryptocurrency worth 1.3 million lire ($ 247,000) was discovered, which was eventually returned to the company.

Six detainees by the court in Istanbul were left under arrest, the rest were released under judicial control.

Note that this is not the first such case in Turkey in recent months. So, in November last year, 11 people were detained in Istanbul on suspicion of theft of bitcoins worth more than $ 80,000.

MEW to Launch KYC-less Crypto Withdrawal

Service is available in Euro and Francs to all bank account holders with an international bank account number (IBAN)
21 February 2019   81

MyEtherWallet, a popular cryptocurrency wallet, in collaboration with the Swiss company Bity, introduced the Fiat service, which allows you to exchange digital assets for euros and Swiss francs without verification.

It is noted that the service is available to all bank account holders with an international bank account number (IBAN).

Bity is able to offer this kind of KYC-less Exit-to-Fiat gateway because it is compliant with the Swiss Anti Money Laundering Ordinance (AMLA). This, along with technology that helps verify proof of wallet-ownership, allows Bity to realize the friendliest kind of user experience — frictionless, secure AND regulatory compliant.

MyEtherWallet Team

To use Exit-to-Fiat, the user must specify Bity as the service provider in the asset exchange section. You will also need to provide a phone number, bank account details and a billing address.

This information is transmitted to Bity to comply with legal requirements and is not stored by MyEtherWallet.

The maximum transaction size is limited to 5,000 francs (about $ 5,000).