• Latest
New Crypto Exchange Altsbit Says It Will Close Following Hack

New Crypto Exchange Altsbit Says It Will Close Following Hack

February 10, 2020
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Tech

New Crypto Exchange Altsbit Says It Will Close Following Hack

coinnewsdaily by coinnewsdaily
February 10, 2020
in Tech
0
New Crypto Exchange Altsbit Says It Will Close Following Hack
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022

A cryptocurrency exchange that only launched in the last few months says it has been hit by a hack that it can’t afford to cover.

Altsbit – a platform reported to be based in Italy, though it doesn’t make this clear on its website or social media – announced the breach last Thursday, stating on Twitter: “Unfortunately we have to notify you with the fact that our exchange was hacked during the night and almost all funds from BTC, ETH, ARRR and VRSC were stolen. A small part of the funds are safe on cold wallets.”

An update on the company’s website now indicates that “fortunately a good part of the coins were kept on cold storage” and that it will issue partial refunds, not having the wherewithal to fully compensate users.

The cryptocurrencies taken in the hack are now listed as:

The site indicates that users who saw losses must apply for their partial refunds. The bitcoin and ether stolen are valued at around $63,000 at press time.

Customers of the exchange will need to get their applications quickly, with exchange saying: “Refunds will begin on February 10 2020 and end on May 8 2020, after this date it will no longer be possible to request a refund as the Altsbit platform will be terminated.”

Black-hat hacking group LulzSec appears to have claimed responsibility for the theft on its Twitter feed, saying: “We assure that @altsbit didn’t had proper security to stop Lulz Canon. Many others to follow. Better Stack up the Security – Note to other Exchanges.”

The group, a number of whom have been arrested, has been linked to previous major hacks including one of Sony Pictures in 2011.

Altsbit had only launched as a rebranded service (though it’s not clear what it had rebranded from) in October, offering a “roadmap” that comprised a brief list of objectives with “Adding user security functions” coming in last as item number five.

Edit (12:58 UTC): Added statement from LulzSec.

Disclosure Read More

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.



Credit: Source link

Tags: CanonCoinDeskCrypto TechDigital Currency Groupmedia outletsocial media
Share76Tweet48
Previous Post

Bitcoin Takes a Dive After the Longest Daily Winning Run Since September

Next Post

Ukraine Won’t Regulate Crypto Mining, Government Ministry Says

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building
Bitcoin

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
green gaming
Business

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
axie infinity: what are the minimum android phone requirements to play on mobile
Alt Coin

Axie Infinity: What Are the Minimum Android Phone Requirements to Play on Mobile

April 21, 2022
Load More
Next Post
Ukraine Won’t Regulate Crypto Mining, Government Ministry Says

Ukraine Won't Regulate Crypto Mining, Government Ministry Says

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$27,685.000.29%
  • ethereumEthereum(ETH)$1,763.500.49%
  • tetherTether(USDT)$1.010.08%
  • binancecoinBNB(BNB)$326.450.36%
  • rippleXRP(XRP)$0.4621412.59%
  • cardanoCardano(ADA)$0.358242-1.40%
  • dogecoinDogecoin(DOGE)$0.075008-0.22%
  • matic-networkPolygon(MATIC)$1.09-1.10%
  • solanaSolana(SOL)$20.870.93%
  • polkadotPolkadot(DOT)$6.03-0.24%
  • litecoinLitecoin(LTC)$93.941.21%
  • shiba-inuShiba Inu(SHIB)$0.000011-0.52%
  • tronTRON(TRX)$0.0644430.66%
  • daiDai(DAI)$1.000.13%
  • chainlinkChainlink(LINK)$7.200.41%
  • cosmosCosmos Hub(ATOM)$11.270.43%
  • leo-tokenLEO Token(LEO)$3.43-2.09%
  • moneroMonero(XMR)$166.022.32%
  • ethereum-classicEthereum Classic(ETC)$20.21-1.20%
  • okbOKB(OKB)$41.70-1.40%
  • stellarStellar(XLM)$0.0927602.84%
  • bitcoin-cashBitcoin Cash(BCH)$126.060.47%
  • filecoinFilecoin(FIL)$5.53-0.25%
  • crypto-com-chainCronos(CRO)$0.0695420.92%
  • vechainVeChain(VET)$0.022875-1.81%
  • algorandAlgorand(ALGO)$0.209715-0.14%
  • internet-computerInternet Computer(ICP)$4.94-0.35%
  • eosEOS(EOS)$1.14-2.14%
  • elrond-erd-2MultiversX(EGLD)$42.520.09%
  • tezosTezos(XTZ)$1.130.09%
  • aaveAave(AAVE)$72.34-0.08%
  • theta-tokenTheta Network(THETA)$1.020.78%
  • neoNEO(NEO)$12.04-1.22%
  • paxos-standardPax Dollar(USDP)$1.010.10%
  • havvenSynthetix Network(SNX)$2.43-3.34%
  • bitcoin-cash-svBitcoin SV(BSV)$36.640.95%
  • pancakeswap-tokenPancakeSwap(CAKE)$3.740.59%
  • dashDash(DASH)$59.75-1.95%
  • makerMaker(MKR)$670.22-0.40%
  • huobi-tokenHuobi(HT)$3.680.16%
  • iotaIOTA(MIOTA)$0.2106570.89%
  • zilliqaZilliqa(ZIL)$0.0273650.78%
  • zcashZcash(ZEC)$35.990.96%
  • basic-attention-tokenBasic Attention(BAT)$0.2471972.44%
  • nemNEM(XEM)$0.0392490.71%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • qtumQtum(QTUM)$3.10-1.36%
  • kusamaKusama(KSM)$33.23-0.08%
  • compound-governance-tokenCompound(COMP)$42.581.31%
  • bitcoin-goldBitcoin Gold(BTG)$16.35-1.17%
  • yearn-financeyearn.finance(YFI)$8,341.610.30%
  • omisegoOMG Network(OMG)$1.85-1.20%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • golemGolem(GLM)$0.238850-0.72%
  • wavesWaves(WAVES)$2.140.10%
  • ontologyOntology(ONT)$0.2291012.12%
  • sushiSushi(SUSHI)$1.041.67%
  • digibyteDigiByte(DGB)$0.0096221.45%
  • umaUMA(UMA)$2.030.49%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%