• Binance (via Shutterstock)
    Technology

    In $40 million Bitcoin heist, thieves used Binance’s security system to steal

    The exchange was hacked after its two-factor authentication system designed to strengthen passwords were compromised

    Two-factor authentication is supposed to be the gold standard in privacy and protection of Internet data, but in Tuesday’s $40 million dollar heist from the top cryptocurrency exchange, it seems to have been the method thieves used to break into user accounts.

  • Craig Wright (photo by Brendan Sullivan for Modern Consensus).
    Bitcoin

    Craig Wright ordered to prove he owns Satoshi Nakamoto’s bitcoin

    A lawsuit will force the Bitcoin billionaire to provide public addresses of a horde thought to be mined by crypto’s founder

    The Bitcoin billionaire and self-proclaimed Satoshi Nakamoto has been ordered by a Florida court to produce records under oath of all the bitcoin he owned at the end of 2013, as well as details of a 2011 trust thought to contain approximately 1.1 million bitcoin now worth more than $6 billion.

  • Craig Wright (by Brendan Sullivan for Modern Consensus).
    Bitcoin

    Binance boots BSV because of billionaire’s bombast

    Calling Craig Wright a “fraud,” the leading crypto exchange’s CEO delisted his BSV coin in retaliation for suing crypto community members

    Craig Wright’s legal threats to cryptocurrency community members challenging his claim to be Bitcoin founder Satoshi Nakamoto have gotten his BSV coin booted off of the world’s largest exchange.