$500k Worth AU Stolen from Cryptopia Due to 51% Attack

The founders of AurumCoin time claim that they are not responsible for what happened
14 November 2018   1000

The developers of AurumCoin have reported a 51% attack on their network, as a result of which an unknown user has withdrawn 15,752.26 coins ( over $ 500,000 at the time of publication) from the crypto-exchange Cryptopia. This is reported by CCN.

The founders of AurumCoin at the same time claim that they are not responsible for what happened, because the token has an open code, and shifted the blame to the employees of the exchange.

Aurum coin (AU) network was hacked (51 percent attack), a total of 15,752.26 AU is missing from Cryptopia’s wallet (cryptopia.co.nz exchange). Aurum coin network is not the responsibility of anyone, same as bitcoin network, it is an open source distributed crypto currency. What’s worse is that cryptopia exchange do not admit it. This is not the way to solve this problem.

Aurum Coin Team

In a parallel tweet, the project team writes that it does not blame Cryptopia, but the fact is that the coins were stolen. 

It is assumed that the hacker sent about 16,000 AU to an account belonging to the Cryptopia exchange and exchanged them for another cryptocurrency. After the transaction, the attacker used the available computing power and canceled the transaction.

According to the founders of the project, each AU token is provided with 1 troy ounce of 999 gold, which is located in secret vaults around the world. The token is mineable, and the emission is limited to 300 thousand coins.

Brave Browser Start Paying BAT For Ads Viewing

Brave browser ICO was launched in 2017 by the creator of the JavaScript programming language and ex-Mozilla CEO Brendan Eich; it raised $35M in 30 seconds
25 April 2019   104

Users of the new Brave browser desktop version will finally be able to participate in the Brave Ads program.

Brave is developed by the creator of the JavaScript programming language and ex-Mozilla CEO Brendan Eich and is positioned as something more than a “ad-blocking browser”. The implementation of this idea is based on Brave Ads.

Users who decide to take part in the program will be able to receive up to 70% of the profits generated by the advertisements shown to them, TechCrunch reports with reference to the company's statement. Awards will be paid in the form of own tokens of the Basic Attention Tokens project (BAT), which users, in turn, will be able to share with the creators of the content they like on the network.

By default, donations to BAT will be transferred to owners of sites that a user visits most often, however, developers plan to realize the possibility of exchanging tokens for awards, such as vouchers for restaurant visits or hotel accommodations. Also, earned advertising tokens can be exchanged for other cryptocurrencies and Fiat through exchanges. If desired, users can continue to use Brave without receiving a BAT.

A lot of users don’t want to cash out [when they receive BAT]. It’s not a huge amount of value for most people, so they may prefer to just use it to give back. And that’s the real idea: A browser with the user steering it is replacing the ad tech complex.

Brendan Eich

Founder, Brave

BAT can only be used to reward publishers. Soon with their help, users will be able to buy additional content and, possibly, some products. The ability to withdraw tokens will be realized after the introduction of the user identification system.