RATE Group | Cryptocurrency expert calls for better protection
55614
post-template-default,single,single-post,postid-55614,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Cryptocurrency expert calls for better protection

25 Jul Cryptocurrency expert calls for better protection

Posted at 03:26h in Cryptocurrency News by

[ad_1]

An Isle of Man-based cryptocurrency security expert is calling for action after another hacking scandal saw 32m dollars stolen from an exchange.

Japan-based Bitpoint, which allows users to buy currencies including Bitcoin, was reportedly forced to halt trading after irregular activity was spotted earlier this month.

It is not the first time crypto exchange users have lost their money, with Binance being targeted by hackers earlier this year and QuadrigaCX collapsing after the death of its chief executive meant no one was able to access the stored funds.

(Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies.)

Justin Short, co-founder of MetaVault – a fully insured ’digital asset custodian’, based in Douglas – said crypto users deserve better protection.

He said: ’This kind of event simply should not be…

[ad_2]

Source link

Tags:
, , ,