Chinese Engineer Arrested For Stealing 100 BTC

Zhong Mo stole 100 bitcoins from his employer; he may be extended to seven years and fined
03 April 2018   510

Engineer from Beijing was arrested after stealing 100 Bitcoins from his company. He noticed the unsuccessful hack attempt. So he decided to use the situation and steal coins by himself. After that, 90% of the stolen was returned, but he can still go to jail for up to seven years. This is reported by Bitcoin .com.

The police of the Haidian District confirmed Zhong Mo's arrest. The Haidian District is the place where most of the universities of Beijing are located, as well as the technological and scientific center of Zhongguancun, where the headquarters of many Chinese IT companies are located, which is why this center is called the "Chinese Silicon Valley".

Prosecutors from the department of investigations of scientific and technological crimes of the police in Haidan studied the case and found that the defendant worked in the company as an engineer for repairs and maintenance. It is alleged that during the regular maintenance of the server, he found that someone tried to steal the company's cryptocurrency by hacking, but the attempt wasn't successful. Eliminating the abnormal interference, the engineer took advantage of administrator's authority uploaded a piece of code designed to transfer 100 bitcoins from the company's account to his own account registered on a website outside of China. He also tried to cover up the traces of the crime by taking steps in order to avoid tracking.

Later, the criminal himself became a victim of phishing scam and lost 10 bitcoins. Then, apparently, he got scared and returned the remaining 90 bitcoins of his company. According to the rate on the day of the incident, September 16, 2017, 100 bitcoins cost about 380 thousand dollars.

According to the prosecutor in charge of the case, according to China's criminal law, for an infringement of state laws on the theft of information from a computer system, an engineer is threatened with imprisonment for up to three years, but if the circumstances prove more serious, he may be extended to seven years and fined.

Top Upcoming ICO 22nd - 28th July

Check the most interesting upcoming ICOs: CrowdPrecision, InsCoin for Knox Project, METOKEN, Vanig, Codex, Plentix, WAR FIELD
15 July 2018   72

CBOE Presindent recently warned the ICO community about the issues, that they may face in nearest future. But we had some great news recently - it has became known that in 2018, ICO-projects raised $ 9.29 billion, which is more than double than total for the previous year. The corresponding data is reported by CoinSchedule. It is worth noting that, unlike many other ratings, CoinSchedule takes into account Telegram ($ 1.7 billion) and Venezuelan El Petro ($ 735 million). These projects are the leaders in terms of investment.In each month of the current year, more than $ 1 billion was collected, and at the expense of Telegram, March became the leader - $ 3.8 billion.

Upcoming ICO

Today we have prepared for you the best and most interesting ICOs, that will start offering coins next week. 

Don’t forget to read to the bottom and take part in our poll about upcoming ICOs. 

1. CrowdPrecision 

Hype.Codes rate  92

CrowdPrecision offers higher quality results at lower cost and faster. We decided against a solely decentralized platform. Our experiences show that there are always cases that can not be clarified automatically. Therefore, our platform has a group of experts who serve as a point of arbitration and take into account both, the interests of employees and employers in a neutral way. CrowdPrecision tackles two of the most significant challenges in current Crowdsourcing applications - quality control of the work submitted and fast and cost-effective payment mechanisms. 

Vote for this ICO

Sales dates: Jul 22nd - Aug 19th
Accepted currencies. ETH
Soft cap 7.5k ETH
Hard cap 30k ETH
Website and Whitepaper 

Back to the quick navigation list

2. InsCoin for Knox Project

Hype.Codes rate 83

"InsCoin for Knox Project" aims to establish the first insurance company that will accept a Crypto (INSC) for the payment of insurance premiums, and the first that, with the help of the blockchain, will solve the problem of falsification of insurance policies. The KNOX project will be the first insurance company that merges the real world with the digital one using Blockchain technology, creating the most efficient and advanced structure in the sector, to find a solution to the problem of certification and anti-forgery of insurance policies. It will be the first ever to emit insurance policies both in smart-contract and traditional paper form. With the smart contract the spread of false insurance policies is avoided because it is the same system that issues them after receiving the payment. With the smart contract the company won't have delay in collecting credits, as the policy is issued only after receiving the payment.

Vote for this ICO

Sales dates. Jul 23rd - Aug 30th 
Accepted currencies. ETH
Soft cap 4k ETH
Hard cap 39 444 ETH
Website and Whitepaper

3. METOKEN

Hype.Codes rate 91

Optimized for all users, Style.me is a shoppable, Instagram-like fashion experience. Style.me monetarily incentivises quality content creation from influencers and brands while rewarding users for opting in to receive targeted advertisements. The platform connects and rewards fashion influencers, consumers, and brands. For example, Influencers are able to post brands’ outfits on the platform. Users can like and share such posts, while both parties are rewarded for content creation and engagement. Using Style.me’s patented virtual fitting room, shoppers can try on the outfit, and even purchase directly. Fashion brands are happy due to a satisfied customer and a valued influencer.

Vote for this ICO

Sales dates. Jul 23rd - Aug 22nd
Accepted currencies. ETH, BTC
Soft cap $10M
Hard cap $30M
Website and Whitepaper

4. Vanig

Hype.Codes rate 89

Vanig is the world’s first integrated E-Commerce platform and Supply Chain ecosystem powered by the blockchain. Vanig Patent Pending solution addresses several significant Supply Chain and E-Commerce challenges and inefficiencies, providing a higher level of brand experience. Our Supply Chain ecosystem leverages the latest in blockchain technology through HyperLedger’s Sawtooth Lake technology. We simplify the E-Commerce experience and its embedded Supply Chain, eliminating intermediaries and manual processes as it ushers in a new level of transparency. The Vanig platform is safe, secure, and user-friendly, benefiting all members of the ecosystem and embraces cryptocurrency payments. It shortens recall process and timelines for manufacturers and retailers, providing real-time product visibility through to the consumer. Provenance information on products, increasingly an essential consumer ask, is fully integrated.

Vote for this ICO

Sales dates. Jul 23rd - Sep 25th
Accepted currencies. ETH, BTC, LTC, USD
Soft cap $2M
Hard cap $20M
Website and Whitepaper

5. Codex

Hype.Codes rate 86

Codex is the leading decentralized asset registry for the $2 trillion arts & collectibles (“A&C”) ecosystem, which includes art, fine wine, collectible cars, antiques, decorative arts, coins, watches, jewelry, and more. Powered by the CodexCoin native token, the Codex Protocol is open source, allowing third-party players in the A&C ecosystem to build applications and utilize the registry. These applications, built with Codex’s partners, will make buying, selling, insurance, asset-backed loans and shipping and logistics easier for everyone. Codex’s first application, Biddable, is a title-escrow system built on the Codex Protocol, which solves long-standing challenges in auctions: non-performing bidders, lack of privacy, and bidder access. It is already live with the Codex Consortium, a group of major stakeholders in the A&C space who facilitate over $6 Billion in sales to millions of bidders across tens of thousands of auctions from 5,000 auction houses in over 50 countries.

Vote for this ICO

Sales dates. Jul 15th - Aug 15th
Accepted currencies. ETH, BTC
Hard cap $25M
Website and Whitepaper

6. Plentix

Hype.Codes rate 89

The advent of cryptocurrencies and the tokenized economy makes it possible to re-imagine the entire value chain of consumer, products, and producers from a referral perspective. We present Plentix, a tokenized platform that enables users to refer other users to a business entity and enables business entities to leverage existing APIs for industry specific referrals and allows for safe, secure, trustless value exchange to take place. Unlike other referral platforms, Plentix unleashes the potential of a new global ecosystem to monetize referrals for every stakeholder, from the producer to the consumer.

Vote for this ICO

Sales dates. Jul 11th - Jul 24th
Accepted currencies. ETH, LTC, BTC, USD
Soft cap $3M
Hard cap $24M
Website and Whitepaper

7. WAR FIELD

Hype.Codes rate 85

WAR FIELD is a fully-functional, action-packed multiplayer first-person shooter game with a blockchain-driven gaming economy that uses tradeable Ethereum-based cryptographic GLDR Tokens you can buy, sell, trade, and win for skilful play.

Vote for this ICO

Sales dates. Jul 26th - Nov 15th
Accepted currencies. BTC, ETH, LTC
Hard cap $3M
Hard cap $12M
Website and Whitepaper

What is Hype.Codes Rate? 

Hype.codes team works everyday to bring you the best reader’s experience. We are trying to add some new cool features every day. Hype.Codes Rate is average, abstract ranking of ICO, that we give to every upcoming ICO. It depends on such criteria:

  • Landing webpage design
  • Completeness of information provided on the landing webpage
  • Convenience of information search on the landing webpage
  • The concept itself
  • Whitepaper
  • Reputation and accessibility of information about the project team, their experience
  • Project activity on social networks
  • And many other

We hope that you like the idea of Hype.Codes ICO ranking and maybe it will help to navigate through the stormy sea of blockchain-based start-ups. 

Learn about the best ICOs of recent weeks in this articles:

Voting for the best upcoming ICO 22.07 - 28.07

We are constantly updating the list of top upcoming ICO and we would like you to share some thoughts on which upcoming Token Sale from 22nd to 27th of July a is the most appealing to you. Which one seems interesting for you to invest your funds, and which one, in your opinion, will bring the most profit? Please, select one of the options below.