Chinese BTC exchange allegedly hacked for $3m

Chinese OKCoin's Bitcoin exchange OKEx reported allegedly hacked for $3m
02 October 2017   706

Chinese OKCoin's Bitcoin exchange OKEx reported allegedly hacked for $3m. It's still unclear whether the information is trustworthy, as the data provided by the official company's Twitter does not match the data from the users and the top crypto magazines. 

Thus, as reported by cointelegraph.com, a user reported that his OKEx account was logged in by a German IP and participated in BTC-ETC trading. The hacker sold all the Bitcoins and canceled all the pending orders within one hour. Such behavior has resulted in a loss of 200 Bitcoins, which worth more than five mln yuan (about 750,000 dollars). A few other users reported similar attacks. As detailed, all victims have lost about six hundred Bitcoins in total, worth over 20 mln yuan (about three mln dollars).

However, OKEx claims that the exchange hasn't been hacked.

Thus, the company argues that the hack has not occurred, yet "several users passwords were stolen". OKEx just gives some recommendations for improving security. 

The situation is still pretty unclear, so we'll keep you updated.

Genesis Conference to be Held in London

Genesis Conference will cover research and development, regulation, economics and applications issues, taking place in London on February 22
21 February 2018   26

Genesis London Conference will take place on February 22, tackling the most pertinent issues in blockchain space: research and development, regulation, economics and applications.

Genesis London is a platform for researchers, developers and generally anyone interested in blockchain, and its priority is to share knowledge, facilitate productive discourse and filter out the hype.

Location: The CityPoint building, 1 Ropemaker St, London, EC2, UK
Date and time: 9:30AM - 8PM, February 22, 2018

The agenda of the conference includes Privacy and Confidentiality Techniques for Blockchains; Permissioned Business Blockchain Applications and Use-cases; Scalable, Transparent and Post-quantum Secure Computational Integrity, with Applications to Cryptocurrencies; A Rational Protocol Design Treatment of Bitcoin, and more.

The headline speakers include Patrick de Laive, co-founder of TNW; Margarita Khartanovich, head of insight at Binary District; Jack Gavigan, chief operating officer at ZCash; Jeremy Kahn, technology writer for Bloomberg, and many more.