Cryptocurrency Exchange Thefts Pass $1Bn Mark
Italian based exchange, BitGrail, announced last week the theft of 17Mn Nano coins. The estimated value at the time of theft is between an eye-tearing $175-200Mn, making it the third largest hack in crypto history. But concerns are being voiced by the Nano team that not all is as it seems calling possible foul play by the exchange operators. The developers are awaiting the wallet addresses from BitGrail in order to facilitate a freeze of stolen funds on exchanges. Only 9 exchanges trade Nano at present, but the cryptocurrency has been gaining traction following a rebrand (formerly RaiBlocks) and free transactions.
The BitGrail hack brings the total cryptocurrency exchange thefts well past the $1Bn mark – 60% of which has taken place in the last 15 days alone (see table).
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