Multisignature wallet for IOTA released

Bitfinex releases Smidgen - a multisignature wallet for IOTA
19 September 2017   1854

Bitfinex has announced the release of Smidgen - a multisignature wallet for IOTA cryptocurrency. 

According to the company, multisignature wallets add an extra layer of security. By using Multisignature wallets, it is possible to create addresses which require multiple seeds for each transaction, each seed owned by one or multiple persons.

Right now, Smidgen is in its final beta stage. Smidgen is beta software and supports many other handy commands, ranging from address generation to balance checking.

Bitfinex team also draws attention to the fact that seeds to create Multisignature wallets should be used for only one wallet.

It is reported, that Smidgen uses a file which is shared between seed owners. With this file, it is possible to manage the wallet, with its addresses and transfers. This makes it easier to keep track of the current state. Private keys are not part of the file. 

IOTA charts on coinmarketcap.com IOTA charts on coinmarketcap.com

Meanwhile, as shown, IOTA cryptocurrency price is now about $0.57, its market capitalization is $1,595,297,508.

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   120

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.