Privacy Coin Verge Twitter Hacked

Hacker claimed that 1 billion of XVG coins were stolen
15 March 2018   1020

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 Ex-CEO to Intend to Raise $40M

Funds are needed for the new exchange called ACDX, which will offer  futures, options, revocable bear/bullish contracts and more
06 February 2020   559

Andy Cheung, who until recently was the operating director of the OKEx cryptocurrency exchange, will open a new derivative trading platform ACDX by the end of the first quarter, CoinDesk reports. The exchange will offer its clients futures, options, revocable bear / bullish contracts, debt contracts and fixed coupon notes.

One of our main goals for the exchange is to provide retail investors with ... structured products that are more commonly used by accredited crypto investors and wealth managers.

 

Andy Cheung

Former chief operating officer at OKEx

In the future, ACDX plans to reach a global level, but first of all it will gather a client base in Asia, using the connections of Cheung and partners in Hong Kong and China. In preparation for the launch, she intends to raise $ 40 million through the sale of tokens and shares in her business to crypto funds, private investment firms and family capital management companies in Europe and Asia. 

We have over $4 million so far and most of the money comes from our own funds. We are in talks with potential investors and likely to announce new investments in the next two months.

 

Andy Cheung

Former chief operating officer at OKEx

To date, ACDX has hired more than 25 employees, including eight developers who are preparing the trading platform for launch.