Crypto Exchange Coinrail Suffers $40 Million Steal

On Sunday South Korean crypto exchange Coinrail claimed it was the victim of a hack, with losses of about 40 billion won ($37.2 million) in cryptocurrency
11 June 2018   347

In its blog post on Monday, Coinrail declared it had stopped its services after a “cyber intrusion” in its systems on Sunday morning. Without revealing the exact amounts stolen, Coinrail displayed some of the stolen ERC-20 tokens, namely NPXS tokens from Pundi X, a payment project; ATC from Aston X, a decentralized document project and; NPER tokens from the namesake decentralized IP project.

The heaviest hit was Pundi X, that said the hackers made away with a general of 2,619,542,080 NPXS tokens, approx. $19.5 million at the time of the theft. Data from a wallet address allegedly associated with the hacker has also pointed to 93 million (approx. $13.8 million) in ATX tokens and 831 million DENT coins, nearly $6 million in value, as well as a number of other tokens from projects including Jibrel Network, Storm, Kyber Network, B2BCoin and over $1 million in TRX tokens from Tron. The common value of the stolen tokens at the time of the attack reached $40 million.

The remaining one-third of coins are being investigated with investigators, relevant exchanges and coin developers.
Coinrail
Cryptocurrency Exchange, South Korea

Coinrail affirmed that 70% of its common coin reserves have been dislocated to an offline cold wallet and stay secure. Two-thirds of remaining 30 percent of token compromised have been frozen or recalled via consultation with developers like Pundi X and communication with exchanges like IDEX, according to the operator.

Zb.com to Open Office at Malta

Country made another step froward to leadership in blockchain industry
16 August 2018   125

Fifth in terms of the daily trading volumee exchange ZB.com announced plans to open a representative office in Malta. This is reported by CCN.

Secretary of the Malta Parliament for Digital Innovation and Finance Silvio Schembri said that the opening of ZB.com will be another step in the country's leadership in the blockchain industry.

At first, the Maltese branch of ZB.com will offer customers only cryptocurrency exchange, and subsequently also plans to add support for the currency. ZB.com will be the third exchange in Malta, following the offices of Binance and Bitbay, which offers the exchange of digital currencies for fiat money.

Malta is perhaps the world’s most progressive and forward-thinking nation in DLT, crypto and fintech, and we are very excited to be part of the Blockchain Island. We are confident we will be able to announce our live operations soon.
 

Jimmy Zhao

Co-founder, ZB.com

Zhao said that he was invited to Malta by his business partners and met with government officials to discuss the possibility of opening a representative office.

According to CoinMarketCap, the volume of deals on ZB.com for the last 24 hours was areoud $ 267M. The most popular trading pairs on the platform are BTC / USDT, Dash / USDT, Qtum / USDT and ETH / USDT.