Verge Can be Under Attack For 3rd Time in 2 Months

Previous attacks allowed hackers to steal $ 1 million and $ 1.8 million respectively
30 May 2018   406

Verge cryptocurrency is under new unconfirmed attack. If this information is confirmed, then today's attack will be the third in the last 2 months. Previous attacks allowed hackers to steal $ 1 million and $ 1.8 million respectively. This is reported by Bitcoinist.

May 27, the user Bitcointalk under the nickname CHIEF56 drew attention to the address Verge, containing "strange" transactions. On closer examination, it turned out that these transactions correspond to timestamps that were not found in other explorers of the blockchain, which could be a sign of the ongoing re-use attack.

Others drew attention to the fact that one of the addresses used in the first attack has a negative balance on the account, while at another address, according to the statement of CHIEF56, there were 142 853 089 stolen XVG. On May 29, the user Ocminer, who warned the community about the first attack, confirmed the information published earlier.

At the same time, the data from the Verge network show that the drop in the complexity of none of the five crypto currency algorithms has occurred, as was the case in previous cases. Supporters of Verge pay attention to the fact that during the last week the blocks are released at the usual speed, which should speak of the stability of the detachment.

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   93

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.