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Ethereum Classic Under Multiple 51% Attacks | Bitcoin News Summary Aug 10, 2020

Source Node: https://99bitcoins.com/bitcoin-news-summary-aug-10-2020/

Time Stamp: August 10, 2020 1:00 AM - Modified On: May 21, 2021 - Published By:

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Ethereum Classic has suffered its second 51% attack in less than a week, bringing the ongoing security of the network into question. During the attack, the offending miner managed to double-spend $5.6 million worth of ETC after spending only $200,000 to acquire the hash power for the attack. The ETC team was advising its clients to halt interactions with the network while corrective steps were taken. The US branch of global cryptocurrency exchange, Binance has halted all trading and orders following an incident. CEO Catherine Coley tweeted, “Your funds

Ledger Client Details Leaked | Bitcoin News Summary Aug 3, 2020

Source Node: https://99bitcoins.com/bitcoin-news-summary-aug-3-2020/

Time Stamp: August 3, 2020 1:00 AM - Modified On: May 21, 2021 - Published By:

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Republished By Plato

Some alarming news for Ledger hardware wallet users was announced. The company’s internal records were breached, revealing customer details which include up to a million email addresses. A further 9,500 customers had their full names, numbers, and addresses leaked. While funds secured by Ledger devices are still safe, any users who got an email from the company saying they were affected should be on guard against phishing or even real-world attacks. The perpetrators of last week’s high profile Twitter hack, in which accounts of various celebrities and leaders were

Binance Hits Back at ‘Embezzlement’ Claim

Source Node: https://cointelegraph.com/news/binance-hits-back-at-embezzlement-claim

Time Stamp: April 8, 2020 11:11 PM - Modified On: May 21, 2021 - Published By:

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Republished By Plato

Binance has fired back at claims that it ‘embezzled’ hundreds of thousands of dollars in funds that were frozen from a user’s account in November 2018.In a lengthy statement the exchange said the funds were frozen at the request of South Korean law enforcement agencies because the account holder had allegedly received 3,995 Ethereum (ETH) through a listing fee scam. Binance provided screenshots of correspondence with the Korean authorities to back up its claims.The user had earlier claimed South Korean law enforcement authorities had no complaints against him. Forkcast reported

New Zealand Court Gives Guidance on Distribution of Recovered Cryptopia Funds

Source Node: https://insidebitcoins.com/news/new-zealand-court-gives-guidance-on-distribution-of-recovered-cryptopia-funds/257266

Time Stamp: April 8, 2020 7:21 PM - Modified On: May 21, 2021 - Published By:

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Republished By Plato

There’s been a new update in the liquidation process for hacked New Zealand cryptocurrency exchange Cryptopia after a judge delivered a verdict on the status of the exchange’s compromised assets. As the exchange announced on Twitter earlier this week, the High Court of New Zealand has ordered it to reimburse its users who lost their holdings as a result of the hack.(2/2) … individual crypto-asset type. This means that the cryptocurrencies are beneficially owned by the account holders and are not assets of the company. Read the full judgement here: https://t.co/ceUywTVdFY—

Two Versions of Digital Dollar Emerge as Contenders, but Unlikely to Come Soon

Source Node: https://cointelegraph.com/news/two-versions-of-digital-dollar-emerge-as-contenders-but-unlikely-to-come-soon

Time Stamp: April 8, 2020 3:20 PM - Modified On: May 21, 2021 - Published By:

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Republished By Plato

The coronavirus pandemic is the biggest global crisis since the events that sparked the creation of Bitcoin (BTC) in 2008, and is one that will also have long-lasting effects on the economy. World governments are taking unprecedented measures to cope with the economic fallout of the virus, namely through the third coronavirus relief bill, which was approved by the United States Congress earlier this month and constitutes the biggest stimulus package in the country’s history at $2.2 trillion.During the negotiations for the third emergency bill, one of the drafts submitted

High Court Delivers Judgement on User Assets at Hacked Exchange Cryptopia

Source Node: https://cointelegraph.com/news/high-court-delivers-judgement-on-user-assets-at-hacked-exchange-cryptopia

Time Stamp: April 8, 2020 7:11 AM - Modified On: May 21, 2021 - Published By:

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Republished By Plato

Hacked cryptocurrency exchange Cryptopia today informed its users that the High Court of New Zealand has delivered its judgment on the status of their compromised assets.In a tweet thread published on April 8, the exchange shared the 74-page court document detailing the judgment, summarizing:“Today, 8 April 2020, Justice Gendall delivered his judgment finding firstly, cryptocurrencies are “property” [...] and secondly, that account holders' cryptocurrency were held on multiple trusts, separated by individual crypto-asset type. This means that the cryptocurrencies are beneficially owned by the account holders and are not assets

Bitcoin.com Cuts Workforce by 50 Percent as Halving Nears

Source Node: https://insidebitcoins.com/news/bitcoin-com-cuts-workforce-by-50-percent-as-halving-nears/256584

Time Stamp: April 5, 2020 9:27 AM - Modified On: May 21, 2021 - Published By:

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Republished By Plato

Bitcoin.com, one of the firms championing the cause of Bitcoin Cash, seems to be going through a bit of a tough time. With the Bitcoin Cash halving less than a week away and the difficulty that global markets are experiencing, the firm has now reportedly fired half of its entire workforce. Miners Abandoning the BCH Network Per reports, Bitcoin Cash has taken a significant hit in the past few weeks, as miners on the network seem to be migrating to Bitcoin in the hopes that the halving brings an increase to the asset’s

AT&T Starts Appeal to Dismiss Crypto Investor’s SIM Swapping Case

Source Node: https://insidebitcoins.com/news/att-starts-appeal-to-dismiss-crypto-investors-sim-swapping-case/256178

Time Stamp: April 2, 2020 4:44 AM - Modified On: August 29, 2021 - Published By:

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Republished By Plato

AT&T has moved to have a long-standing negligence case against it dismissed. Earlier this week, the company filed a motion to dismiss claims that it was complicit in a SIM swapping case that resulted in millions in crypto stolen from its customers. The case itself originated back in 2018, when crypto investor Michael Terpin sued the telecoms giant of negligence and accused it of being complicit in two separate SIM swapping operations. A Timeline of Terpin’s CaseAt the time, Terpin claimed to have lost almost $24 million, but was suing the firm

AT&T Seeks Dismissal of $200M in Damages for 2018 SIM-Swap Attack

Source Node: https://cointelegraph.com/news/att-seeks-dismissal-of-200m-in-damages-for-2018-sim-swap-attack

Time Stamp: April 1, 2020 7:36 AM - Modified On: August 29, 2021 - Published By:

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Republished By Plato

AT&T is again seeking to have punitive damages claims of $200 million dismissed in an ongoing court case between the telecoms giant and crypto investor Michael Terpin — who asserts he lost $24 million in crypto as a result of AT&T’s negligence in 2018.In response to Terpin’s second amended complaint — filed with the court on March 16, AT&T is seeking to have two of his eight claims dismissed, alongside $200 million in punitive damage claims.AT&T pushes back against two of eight claimsDuring a March 30 hearing, AT&T’s lawyers assert

Ethereum Classic Under Multiple 51% Attacks | Bitcoin News Summary Aug 10, 2020

Ledger Client Details Leaked | Bitcoin News Summary Aug 3, 2020

High Court Delivers Judgement on User Assets at Hacked Exchange Cryptopia

Bitcoin.com Cuts Workforce by 50 Percent as Halving Nears

AT&T Starts Appeal to Dismiss Crypto Investor’s SIM Swapping Case

AT&T Seeks Dismissal of $200M in Damages for 2018 SIM-Swap Attack

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