Archive for the ‘Crypto News’ Category

The Gatecoin Crypto Exchange Has Been Hacked

15, May 2016

gatecoin-logo

The Hong Kong based crypto currency exchange Gatecoin has been hacked and had apparently lost a lot of Ethereum and some Bitcoins stollen by the hackers. The official announcement released by the exchange says that the breach of their system caused a los of 15% of their crypto-asset deposits. In total the breach resulted in the loss of 185000 ETH and 250 BTC, which is equivalent to $2 million USD according to Gatecoin. If you were using the exchange and had some funds in it you might be interested in the following announcement:

A bespoke platform designed to enable all Gatecoin clients to withdraw their remaining funds in BTC, DAO, DGD, REP, USD, EUR and HKD will be released on May 28, 2016. The exact date when withdrawals for clients’ ETH funds has yet to be confirmed.

All DGD, REP and DAO funds are secure and Gatecoin has funded the DAO contracts for DAO token holders. 5% of all BTC funds were compromised in the breach, but 95% remain stored in multi-sig cold wallets along with the remaining crypto-assets.

All fiat currency funds held in USD, EUR and HKD are secured in segregated client accounts and can be withdrawn by clients after May 28, 2016.

The Gatecoin team is currently working on raising additional funding to cover the losses of BTC and ETH and hopes to be able to reimburse all customers that have experienced losses as soon as possible.

– Visit the official Gatecoin exchange website for the full announcement regarding the situation…

The C-Cex Crypto Exchange Has Introduced Ethereum Markets

14, May 2016

c-cex-crypto-exchange

The crypto currency exchange C-Cex has introduced Ethereum (ETH) trading markets that include over 100 crypto currencies. Prior to launching the ETH markets there were BTC, USD, LTC and DOGE markets available and now you can trade many coins directly for Ether coins. The ETH markets are new, so there is not much trading activity yet or big volumes, but it is nice to see that Ethereum is getting more attention and we are starting to see it becoming available for direct trade against many other coins. It may not be long before we start seeing ore exchanges adding ETH markets along LTC or DOGE markets following in the footsteps of this exchange. We’ll have to see, but if Ethereum keeps its high exchange rate and the interest from users continues to grow it will continue to replace LTC as the most popular altcoin market trading pair.

– To check out the newly introduced ETH markets at the C-Cex crypto currency exchange…

The Official Litecoin.com Website Has Been Compromised

9, May 2016

litecoin-com-hacked

It seems that the official Litecoin.com website has been hacked and was serving virus-infected downloads, so if you have downloaded something from there in the last few weeks you might want to take some action in order to avoid loss of coins. Do note that the other official website where most people download their LTC wallet software Litecoin.org has not been affected and there should be no problems if you have downloaded anything from it in the last few weeks. Below is the official announcement about the issue with the .COM website.

Litecoin.com was compromised: between 31st of March and 18th of April, and has been compromised until today. The site was serving virus-infected downloads for Windows and OSX using a Javascript injection. The attack happened due to a configuration error with the database, allowing someone to enter malicious JS into the template.

ANYONE WHO HAS DOWNLOADED FROM LITECOIN.COM IN THE PAST 2 WEEKS (not litecoin.org) SHOULD MOVE THEIR COINS TO SOMEWHERE SAFE, AND WIPE THEIR COMPUTERS ASAP – most anti-virus don’t detect it!

Please remember ​to change ALL PASSWORDS​ ASAP, as the attacker may have stolen them from you.

It seems that the issue with the Litecoin.com website has been resolved and the site is already back online.


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