• Hacked crypto exchange sues Binance
    Cryptocurrencies

    Hacked crypto exchange sues Binance for allegedly laundering the stolen funds

    Japanese cryptocurrency exchange Fisco claims that Binance “either intentionally or negligently failed to interrupt the money laundering process when it could have done so.”

    Calling Binance the “‘go-to’ location for cybercriminals to convert purloined cryptocurrency to other cryptocurrency,” Fisco’s complaint alleges that the thieves who stole $63 million in bitcoin, bitcoin cash, and monacoin laundered approximately $9.4 million of it through Binance.

  • Newspapers
    Asia & Australia,  Bitcoin,  Media,  Politics,  United States

    Must-reads for September 23, 2018: Big Bitcoin bugs, big oil, big hacks, and other big wastes of time

    Here are the crypto stories you should be watching this weekend

    A Major Bug In Bitcoin Software Could Have Crashed the Currency (Motherboard) “On Tuesday, the developers of Bitcoin Core—the software that effectively powers the Bitcoin blockchain—released a new version that patched a vulnerability that allowed a malicious user to crash the network, making everyone’s digital coins effectively useless. The bug has been variously described as ‘very scary,’ ‘major,’ and one of the ‘top three or four’ most serious bugs ever discovered in Bitcoin,” writes Motherboard’s Jordan Pearson. But it’s okay. Everything’s fine now. No need to ever worry about anything ever again. Now where’s our Xanax?   These Oil Traders Are Trying to Overhaul the Industry With a Blockchain Venture…