SONM to launch the platform

SONM project is going to launch its Crypto-IaaS livenet on June 30 as a month for public testing of an evaluation build is closing to an end
11 June 2018   473

SONM project is going to release its Crypto-IaaS platform on June 30. The whole month of June is dedicated to public testing. Active phase of testing will reveal the necessary improvements for the system, and afterwards there will a transfer to the main network becoming operational with real SNM tokens.

The platform currently includes several parts:

  • SONM Core

features Worker, Optimus (autotrade bot), API Node, CLI, DWH, Rendezvous

  • SONM GUI

features Wallet, deposit/withdraw, profiles, purchase, my deals

  • SONM blockchain

features block producing nodes, gates, market smart contract, profiles smart contract, blacklist smart contract

With the livenet launch miners will be able to switch to SONM with no hassle with higher revenue expectations. At the moment of publication, SONM market characteristics are as follows:

Average price 0.150401 USD
Market cap 54,084,200 USD
Volume (24H) 1,044,240 USD

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   109

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.