Cryptocurrency broker LiteBit hacked

The LiteBit.eu crypto-exchange platform reports on being under a hacker attack
Diana Ugay's picture
Diana Ugay
11 August

LiteBit.eu, a European cryptocurrency broker, recently warned its users about suspicious activities on its servers.

Thus, someone unknown has successfully accessed the company's data. Luckily, it appears that none of the ID verification documents have been leaked so far. 

The attack took place on August 5th. As the company reports, the customers' funds and their personal data are safe, but the hacker(s) had successfully obtained some server data.

The LiteBite.ey team claims that they were able to identify the source of the data breach. The company has confirmed that the leak has been plugged, although they have not gone into specific details for the time being. 

It is unclear whether the hackers obtained any data, but it is always better to err on the side of caution with this sort of thing, that's why any LiteBit user who has enabled two-factor authentication on their account will be required to re-enable it and change their password. Users who do not have this feature should certainly update their account passwords. 

Huobi and OKCoin to add Bitcoin Cash

Two largest Chinese exchanges add support for Bitcoin Cash
Diana Ugay's picture
Diana Ugay
22 August

Two largest Chinese cryptocurrency exchanges, OKCoin and Huobi, announced adding the support for Bitcoin Cash.

As OKCoin argues, the decision to add Bitcoin Cash was made after a "technical verification and comprehensive testing" of the coin:

Thus, OKCoin will officially support Bitcoin Cash (BCC) deposit and spot trading on August 22nd (06:00 Eastern Standard Time, UTC+20 HRS, 18:00 China/Hong Kong time). However, it is noteworthy that currently the exchange are only supporting BCC deposit and trading on the website. On top of that, to ensure a safe trading environment and to avoid potential 51% attacks and transaction malleability, there will be increased security verifications when depositing BCC. 

As for Huobi, the exchange claims that considering that Bitcoin Cash has entered the top three digital assets by market capitalization and has extensive support for trading platforms, there's the hope that users will realistically assess the risks associated with BCC trading.

Huobi will launch BCC/CNY on 17:30, August 22, 2017 (GMT +8). BCC trading will be available on main Huobi while BCC deposit was allowed from 17:00, August 9, 2017 (GMT+8).  

Bitcoin Cash charts on coinmarketcap.com Bitcoin Cash charts on coinmarketcap.com

As shown, at the time of writing, the Bitcoin Cash cryptocurrency price is about $687 and its market capitalization is more than $11 billion.