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Hackers steal $70M in bitcoins as price briefly hits $19K


Much to the respite to invests now, Coinsecure informed its customers via email that the company has started the process of compensating its customers in Indian Rupees, ex gratia, for the loss of their Bitcoins in the attack that occurred on April 9, Coinsecure is one of the few exchanges that has taken the onus to redeem the loss to its customers. According to the procedure mentioned in the email, users, who were affected by the attack, will be required to sign an agreement releasing Coinsecure of any future liability and provide certain other documents in order to receive the payment.

The Agreement has been uploaded on the Coinsecure website and can be downloaded from there. The documents include. The customer will also refrain from commencing any legal proceedings against Coinsecure post this settlement.

The second clause speaks about the compensation. According to the agreement, the customer will be compensated its entire account balance held with Coinsecure as on April 9, , in Indian Rupees.

The exchange rate for conversion into Indian Rupees shall be the exchange rate prevailing on April 9, , i. An important clause put forward by Coinsecure in the agreement is that it will be free to share the above details with any governmental authorities, including the Income Tax Department or any other enforcement authorities as the case may be.

The jurisdiction of the agreement in New Delhi. Although it is a happy note for the customer that it is receiving its monies back. The last trending price of Bitcoin on Koinex, another Indian exchange while writing this article on June 26 at was INR still a profit of INR , if assumed the investor would have kept his investment in bitcoin intact to date.

This payment is a brave step by Coinsecure to keep the faith of investors into the budding crypto industry in the country. Will the other exchanges learn from the mistakes Coinsecure made to prevent themselves from a similar attack or theft as you may call it? Do let us know your views on the same. Best Crypto wallet. Follow us on:. Best Buy In. Exchanges Binance. Wallet Ledger. Trending Price Analysis. The presented content may include the personal opinion of the author and is subject to market condition.

Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss. About Author. Nilesh Maurya. He has been a regular contributor to business publications such as Business India and Market Express and has been a mentor to many start-up companies.

Follow him on Twitter at KoinKing1 or connect with me on linkedin. Twitter LinkedIn. Loading Next Story.



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And finally got the answer by this software so with help of this we can predict what is the next server seed. For that you have to just copy the previous server seed in to software you are done. Click on the Freebitco. Tags similar to hack. Unknown may 27, at am. Manage and improve your online marketing.

The stolen bitcoins are slowly cashed out through terminal nodes overtime. Investigators confirmed this trend. Funds flowing to terminal nodes.

$1 Billion Bitcoins Lost in Mt. Gox Hack to Be Returned to Victims

Ryan Lucas. The Justice Department has recovered most of the ransom paid to hackers during the Colonial Pipeline ransomware attack, which blocked gas supplies to parts of the U. The Justice Department says it has recovered more than half of the ransom that Colonial Pipeline paid to hackers last month. The cyberattack against Colonial forced the company to shut down its operations, which caused disruptions in the fuel supply across large parts of the East Coast. NPR justice correspondent Ryan Lucas has been following this and joins us now with more. So Colonial paid more than - what? How much of that money did the Justice Department actually get back? If you're not tracking the daily value of cryptocurrency


Once hailed as unhackable, blockchains are now getting hacked

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Hack paypal big amount. The average PayPal user conducts 40 transactions per year. The pattern for the creation of these numbers is established through a mathematical formula. My friend reckons it's part of money laundering - to spread out a large amount of money to multiple sources so that it becomes difficult to track the source. Your welcome bonus is also included in the minimum cash out amount.

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A history of bitcoin hacks

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Recover from hacked virtual currency

An award-winning team of journalists, designers, and videographers who tell brand stories through Fast Company's distinctive lens. The future of innovation and technology in government for the greater good. Leaders who are shaping the future of business in creative ways. New workplaces, new food sources, new medicine--even an entirely new economic system. But exactly who is behind the theft, or other recent cryptocurrency heists, is unclear.

In total, about , bitcoins, worth about $15 billion in today's skyrocketing prices, have been stolen from exchanges over the currency's.

The real victims of mass crypto-hacks that keep happening

Over time technologies evolved and now things that seemed to be not possible several years ago become the reality. Now you can order food, services, and basically anything you need online, and pay for it without leaving home. No surprise here, that cash payments are becoming a relic of the past. Along with wireless payments like Google or Apple pay that still require assigning a banking account or card i.


DOJ Has Reclaimed Some Of The Ransom Paid In Colonial Pipeline Hack

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Cryptocurrencies are a high priority target for cyber criminals. Whether targeting your wallet directly or hacking the exchanges once cyber criminals have access to your currency you need to act fast! We want to better understand the impact of you experiencing this issue, can you share your experience by filling in this online form? This will help us better protect future victims. They will log the crime and give you a crime reference number. Change your login details - If you are still able to login to your account then follow the normal procedure to reset your password and other security information.

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