The Wild West! Italian Cryptocurrency Exchange BitGrail Hacked for $170 Million
Italian crypto exchange BitGrail just announced on it's website that it has lost $170 million in fraudulent transactions. All withdraws and deposits have been suspended on the exchange. At this time there is no way to refund users at 100%.... founder, Francesco Firano, says there is "unfortunately no way to give back to you at 100% (we only got 4 MLN XRN right now"
Source: Tweak Town
Like always, the lesson is to never leave large sums of money on exchanges.
exactly!
Lesson learnt.
Never store fund in exchanges.
totally agree
it seems to me somebody made very good business out of hacking exchanges lol
isn't that the truth!!
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New to cryptocurrencies. Good to know not to leave on exchanges. Happy I didn't learn the hard way.