$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   415

The developers of AurumCoin have reported a 51% attack on their network, as a result of which an unknown user has withdrawn 15,752.26 coins ( over $ 500,000 at the time of publication) from the crypto-exchange Cryptopia.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

TenX to Confirm Founder's Relation to Lyoness Pyramid

From 2011 to 2015, Julian Hosp was a “member” of Lyoness
10 December 2018   61

Representatives of the blockchain start-up TenX confirmed that TenX founder Julian Josp was involved in the activities of the Austrian financial pyramid Lyoness.

TenX's Reddit report says that from 2011 to 2015, Julian Hosp was a “member” of Lyoness. In the company he was engaged in marketing, sales, held lectures for other participants of the company. However, at the end of 2015, Hosp broke all ties with Lyoness.

Earlier, The Financial Telegram reported that TenX Hosp tried to remove all public data linking it with Lyoness before the ICO project. However, according to TenX, Julian Hosp never concealed that he was associated with Lyoness and even wrote about it in his book “25 Stories I Would Tell My Younger Self (2015)".

We would also like to clarify that the stories contained in the online articles and Julian’s past affiliations with Lyoness bear no relevance to TenX, and TenX has had no connection, association and/or affiliation with Lyoness at any time.

TenX at Reddit

According to Breaker, Lyoness is recognized as an illegal fraudulent scheme by the Supreme Court of Switzerland, the Austrian civil court and the Norwegian Gambling Council. About the connection of Hosp with the project it became known thanks to the “training” video from Lyoness, allegedly voiced by his Julian.