Vaultoro refused to support Bitcoin Gold and SegWit2x

Bitcoin exhange Vaultoro co-founder stated that the company will not support Bitcoin hard forks due to lack of users protection
25 October 2017   1188

Vaultoro discarded its support for the New York Agreement (NYA) with Bitcoin, because SegWit2x developer Jeff Garzik proposed using opt-in replay protection, whether Vaultoro demands opt-out protection for its users. Opt-in replay protection means that it should be activated by users manually, and it is considered inconvenient and useless by the company.

What is more, Joshua Sigala wrote in Vaultoro blog on October 24 that at the moment the company does not support Bitcoin Gold hard fork either, because it is important for exchange platform to see that other platforms, services and wallets like, for example, BitPay support the hard fork too. Moreover, they are disappointed that the developers didn't make the code available for review so they will not be able to audit or review the code.

At the time of a fork, Vaultoro will snapshot every member's bitcoin holdings and if Vaultoro decides to support Bgold or any future altcoin released via a fork of bitcoin, customers will be able to withdraw the altcoin associated with their Vaultoro Bitcoin balances at the time of the snapshot.

Joshua Scigala
CEO, Vaultoro

It is also stated that they will continue to follow the development of forked coins and if new networks prove themselves to be safe and useful, Vaultoro may decide to support that asset at a later date.

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.