With the Exchange bitgrail disappeared 17 million tokens XRB

Bitgrail, a cryptocurrency exchange specializing in Trading nano cryptocurrency (formerly Railblocks), stopped all operations after losing 17 million XRB, at that time costing about 170 million dollars.

The Italian stock exchange suspended XRP input and output two weeks earlier, and customers were already afraid of the worst. Recently, the exchange operator Francesco Firano (Francesco "the Bomber" Firano) confirmed the bad news that caused a violent reaction of the Nano community. Many believe that the owner of Bitgrail carried out a fraudulent operation, stealing almost 13% of the total number of tokens in circulation.

Nano cryptocurrency has come an impressive way over the past few months. In early December, 1 XRB could be bought for $ 0.2. A month later, the value of the coin soared to $ 35, thus rising by 17,500%, which was the largest growth indicator among cryptocurrency assets in 2017. For nearly a year, the exchange Bitgrail was the only place where you can buy XRB. However, after the sharp rise of the price of the coin in December, she started to bargain and at other venues, depriving Bitgrail monopoly.

On January 28, an entry appeared on Twitter: "xrb Entry and withdrawal is currently suspended for internal system optimization. Thank you for understanding." Then, on February 9, a notice was published stating the theft of 17 million Nano and that the theft was reported to law enforcement agencies, and the developers of the cryptocurrency refuse to cooperate with the exchange.

Most users believe that the owners of the exchange cheated them, but representatives of the site claim that there was a break-in. It is assumed that the XRB was stolen for several months were transferred from the wallet to the exchange Mercatox. There are also rumors that Bitgrail became insolvent after a withdrawal error that was discovered by some users, and then appeared in Discord and other chat groups, and the balance of the wallet gradually decreased.

One user explained, " there was a bug in Bitgrail that allowed two orders to get a double token balance into their account when they were placed. Then it was possible to withdraw funds and steal coins. After all, you had a negative balance, but you could just create a new account."

In a statement released on February 9, the Nano team wrote,"we Now have reasonable grounds to believe that Firano has misled the Nano Core team and the community regarding the solvency of the BitGrail exchange for a significant period of time." 

Anyway, users Bitgrail almost no chance to return the cryptocurrency. Team Nano for obvious reasons refused requests Bitgrail to change the code to isolate stolen XRB.

Only a week ago, the Binance exchange added Nano to its site. After the Bitgrail incident, the CEO of Binance tweeted:

"We are dealing with a team of Nano and freeze deposits from specific addresses as they are received. This is one of the reasons why we require the CEO of the coin Creator to apply for the listing. Binance will have their full cooperation. We need to work together to protect users."

As predicted by experts, hacking exchanges and the disappearance of funds will continue this year. The first major similar incident in 2018 was the hacking of the Tokyo stock exchange Coincheck, which in mid-January was stolen by NEM 530 million dollars. At the same time, the owners of the exchange promised users to compensate most of the losses from their own funds.

Source of information: https://bits.media/news/s-birzhi-bitgrail-ischezli-17-millionov-tokenov-xrb/