Analiza Pieței Financiare

The BitGrail Exchange Went Bankrupt

February 12, 2018
The BitGrail Exchange Went Bankrupt

Representatives of the Italian exchange BitGrail, which specialized in cryptocurrency trading, announced that the company's funds had been stolen as a result of several unauthorized transactions. Ultimately, 17 million XRB coins (Nano/RailBlocks) were stolen from the company, which, according to market quotes at the time, was equivalent to about 170 million dollars.

Following the incident, the company was forced to enter payment insolvency (BANKRUPTCY). The company has already contacted the competent authorities, and a case has been opened regarding this incident.

Although other cryptocurrencies were not affected by the attackers, the company decided to suspend user transactions. It is still unknown when users will receive compensation for their losses, but company representatives promise that information will appear soon.

Conclusion:

Recently, cases of various cryptocurrency exchange websites being hacked have multiplied. This is because large amounts of cryptocurrencies are concentrated there, and hackers want to get their hands on significant sums of money. In 2018, unfortunately, these cases may increase considerably, so if you are interested in investing in the crypto industry, study carefully and choose the safest path!

Translated from the Romanian original with AI assistance.

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