Privacy Coin Verge Twitter Hacked

Hacker claimed that 1 billion of XVG coins were stolen
15 March 2018   752

Verge, a cryptocoin that claims “advanced privacy as a choice”, had its Twitter account hacked. The attacker attempted to scam them out of verge (XVG) coins. By the time the account had been restored, the price of XVG had fallen in value. This is reported by Coindesk.

After team managed to get the account back, they blamed the AT&T, said the that compnay managed to get "socially engineered".

After the hack, account posted this:

Verge Twitter
Verge Twitter

It is impossible to check were the coins stolen. The Verge community quickly suggested that the attacker acted because they had felt “threatened” by the altcoin’s ascendancy. They also blamed Twitter for the hack.

This is situation had huge negative effect onto Verge's price.

Verge Price Chart
Verge Price Chart

At the moment of press, these are the main XVG market parameters:

  • Average price: $0,028972
  • Market cap: $426 211 822 USD 
  • 24h Volume: $9 253 360 USD 

OKEx to Launch OKChain Based Decetralized Exchange

Great role in the upcoming exchange will be played by OKB coin, which will be trasfered to OKChain as soon as its development finished
22 March 2019   79

OKEx cryptocurrency exchange will launch a decentralized trading platform on its own blockchain.

Currently, the OKChain blockchain is in the final stages of development, and its test network may be launched as early as June 2019. When the OKEx blockchain becomes stable enough, it will transfer OKB to it, which will then perform the function of the native OKChain token and be used to pay commissions, as well as in its own decentralized network applications.

The primary purpose of OKChain is to launch the OKDEx decentralized exchange, where the OKB token will be used to participate in presales. In addition, project teams will use OKB tokens to pay the service fee to the super nodes of the network.

While the total volume of OKB emissions is 1 billion, 300 million tokens are in circulation today, and 700 million remain blocked. Of this number, 300 million OKB will be distributed to users through the loyalty program, and 400 million belong to the OK Blockchain Foundation and the exchange team. However, for a more efficient formation of the OKB ecosystem, the blocking period of these 700 million tokens will be extended from 2020 to 2022, writes OKEx.

In addition, OKB will be the only token to be accepted during the initial exchange offerings (IEO) on the OK Jumpstart platform, announced earlier this month. According to the company, it is currently negotiating with various projects and will soon announce the launch of the first IEO on OK Jumpstart, for which investors will be admitted who have passed personal verification and have OKB tokens in their accounts.