SRN is a token which raised $157.8 million and has become the fourth largest ever at that time. Currently, according to coinmarketcap.com, SRN has a market capitalisation of $44.2 million.
Sirin Labs is a blockchain firm that deployed a mobile phone with military-level security called Solarin. The phone retails at $14,000 in the US. The appliance is unique as it features a switch that encrypts all communications, and it comes with a concierge service which monitors the state of the device.
We look at the newest and the most advanced technology and incorporate [it] into a new phone. That costs a lot of money.
Chief Executive, Sirin Labs
Announced in February 2018, The FINNEY line of devices will be launched on the Sirin operating system and come pre-integrated with the cryptocurrency of Cardano, ADA. They are processed by the Tangle, that is the network of a company called IOTA. The devices were developed in the collaboration with a Japanese company Emurgo.
Sirin Labs informed its subscribers in their Telegram channel:
A large SRN token holder just informed us that his wallet was hacked, which might explain the issues surrounding the token. Please ensure you’re taking all necessary precautions to protect your wallets.
Above 40 percent of SRN tokens are concentrated on a Las Vegas-based cryptocurrency exchange - Bittrex, according to Cryptovest. As reported, the hack has so far not been not been widely considered as yet.