Riot Blockhain to Open Exchange in US

Riot Blockchain shares jumped in price to $38.60 from $4.50 due to its blockchain "rebranding"
29 March 2018   1032

The former biotech company Riot Blockchain filed a public application with the Securities and Exchange Commission (SEC) on the opening in the US of a platform for trading crypto and futures. This is reported by CCN.

According to the document, the company plans to "explore the launch of the exchange of digital currencies and brokerage operations in futures." To this end, Riot Blockchain acquired a futures broker from Miami Logical Brokerage Corp, registered with the Commodity Futures Trading Commission (CFTC), and a member of the industry trade group at the National Futures Association (NFA).

Riot Blockchain became known as one of the first companies that changed the name at the end of last year, adding the word "blockchain" to it. Against the backdrop of this news, Riot Blockchain's stock price rose at a high from $ 4.5 to $ 38.6.

At the end of February, investors filed three collective lawsuits against Riot Blockchain. They accused the firm of "breaking securities laws, manipulating stock prices, and providing false and misleading information."

The legal investigation firm, Hines Keller and Hernandez, classified such statements as the fact that the main executive offices of Riot Blockchain were located in Florida, not in Colorado. In addition, the company was not going to hold annual meetings scheduled for December 28, 2017 and February 1, 2018.

Stolen Cryptopia Funds to be Found at Huobi

Researchers says hackers presumably chose this site to withdraw part of the stolen assets
21 May 2019   105

CoinFirm researchers tracked the movement of funds stolen from the New Zealand Bitcoin Exchange Cryptopia.

Two other addresses received a total of 1010 ETH. At the same time, according to CoinDesk, 10 ETH were moved to the wallet of the Huobi exchange. Hackers, presumably, chose this site to withdraw part of the stolen funds.

According to data, the damage to Cryptopia as a result of the January hacking could amount to $ 16 million. The site management announced its intention to return funds to affected users and even credited tokens to users' accounts, which fixed the amount of payments due to them.

Attempts of the management to achieve profitability after hacking were in vain. The management subsequently decided to begin the liquidation process for Cryptopia.