Coinrail to Unveil Own Restart Plan

As reported, Coinrail is going to resume service around 15th of July
20 June 2018   367

Recently hacked South Korean crypto exchange Coinrail presented a plan to restore the platform, reports.

According to the representatives of the platform, at present the company is in the process of restructuring, and service will be resumed before July 15.

Coinrail will resume service before July 15 if it is determined that the service is ready to resume…We are constantly preparing a number of measures to recover the damaged coins and we will be reporting progress on the restoration measure at the end of June.


Coinrail noteв that the implementation of the recovery plan will be implemented with the assistance of "various stakeholders, including coin developers."

At the same time, the publication notes that many clients of the exchange doubt that this South Korean exchange will resume its work by the specified date. Another interesting fact that about a week before the hacker attack, the administration of the trading platform removed from the Terms of Service points relating to the compensation of users' funds in the event of hacking.

On the day of the breaking of the Coinrail exchange, a sharp decrease in the price of bitcoin was observed. Then hackers stole more than 40 billion won from the accounts of the exchange (about $ 37.28 million). In addition, $ 13.8 million was stolen in the Aston (ATX) project tokens, $ 5.8 million in Dent (DENT) tokens and $ 1.1 million in Tron (TRX) tokens, as well as smaller amounts in other tokens.

BitForex to be Suspected of Fraud Due to MFG Delisting

After 13 days of trading, crypto-exchange froze trading of this coin without a warning
14 August 2018   80

Users of the BitForex exchange have suspected the platform management in fraud after the platform has delisted the SyncFab (MFG) token without any explanation. This is reported by Cryptovest.

On July 18, at a recently opened BitForex exchange, trading of the own token of the SyncFab blockchain platform started. After 13 days, crypto-exchange froze trading of this coin without a warning. According to users, BitForex still retains part of the deposit funds in order to further steal tokens.

In turn, commenting on the situation, SyncFab representatives refer to vulnerabilities of unknown character in the smart contract of the token.

BitForex has a lot of tokens listed, however, not everything can be found through the search. The main page of the platform lists only coins with active trades.

Price of the MFG coin fluctuates around $ 0.0059. Token is traded on the IDEX, Cobinhood, CoinExchange, Bancor Network. In August, the leading company in the field of bitcoin-security and the provider of the popular BitGo wallet announced support for MFG.