ICON to swap ICX token

As ICON operates its own mainnet now, ICX token is going to be moved from the Ethereum blockchain to the mainnet on June 20
20 June 2018   419

ICON is ready to migrate its ERC20 token to the mainnet. The swap is officially supported on Binance, Upbit and Bithumb. The automatic migration will take place on June 20. The swap rate is set at 1:1. The ERC20 ICX tokens should be deposited by the swap date. ICONEx wallet will perform the migration separately from June 25 till September 25.

The exchanges are going to take care of the procedure on their own completely. As for ICONEx wallet, the project posted a guide here. All ICX deposits and withdrawals from the exchanges will be suspended until the token swap process of the exchanges are finished. The conversion once made is irreversible.

ICON is one of the largest blockchain networks in the world. ICON boasts independent blockchains comprised of reputable institutions in major industries. ICON market parameters at the moment of publication are as follows:

Average price 2.02 USD
Market cap 783,231,197 USD
Volume (24H) 43,919,900 USD

Crypto Investor to File Lawsuit Against AT&T

Michael Terpin believes that AT&T helped scammers to still his $24M worth crypto
16 August 2018   93

In the Los Angeles District Court, a 69-page lawsuit was filed by BitAngels founder Michael Terpin against the American telecom giant AT&T. Terpin claims that the operator assisted fraudsters in "stealing digital personal data" from the account on his smartphone, which is why he lost $ 24 million in cryptocurrency, according to an official release.

According to Terpin, for seven months, there were two hacks. Initially, an attacker got access to his phone number without providing a password or correct identification data. Later, the phone number was used to steal crypto.

AT&T’s studied indifference to protecting its customers’ privacy and financial assets is a metastasizing cancer, threatening hundreds of millions of unsuspecting AT&T’s customers. Our client had no idea when he initially signed up, nor when later he was promised the highest level of security for his account, that low-level retail employees with access to AT&T records, or people posing as them, can be bribed by criminals to override every system that AT&T advertises as unassailable.

Pierce O’Donnell
Lead counsel for Terpin in this complaint

Michael Terpin requires AT & T to pay him $ 224 million - $ 200 million for moral damages and $ 24 million for actual theft.