As Bithumb will return the stolen cryptocurrency? Details of the compensation plan

Date:

2018-06-29 20:30:06

Views:

3418

Rating:

1Like 0Dislike

Share:

As Bithumb will return the stolen cryptocurrency? Details of the compensation plan Source:

last week, hackers South Korea's largest cryptocurrency exchange Bithumb and stole from one of the hottest purses of $ 30 million. Now marketplace announced the return of the stolen coins and presented a plan of reparation to the users. About it writes .

the

Breaking Bithumb. New details

According to the representative of the exchange, first the amount of damage amounted to $ 30 million, and then decreased to $ 17 million. The reason for this was concerted action by multiple exchanges and cooperation Bithumb with the government, said the company. No other details.

reduction in the amount of stolen funds may be due to the fact that the hacker tried to sell the coins on one of the exchanges, and that froze the funds and returned them Bithumb.

All attackers stole the money in 11 currencies. This BCH, BTC, ELF, ETH, ETHOS, GNT, HSR, KNC, OMG, VEN and XRP. Most of the funds stolen in bitcoins — about 12.3 million dollars.

In his statement Bithumb reiterated that it is solely responsible for the hacking and is ready to compensate the users lost money. To do this, investors must submit an application, which must be specified the amount of the stolen money and a purse number.

in addition, the exchange offers the investors to wait with payments — in this case Bithumb promises to pay increased compensation in the amount of 10 percent per annum, based on the number of days of delayed payment.

the Annual interest rate of 10 percent will be distributed in proportion to the compensation period. Therefore, the longer you do not demand back their money, the higher the compensation. The amount of cryptocurrency held will be calculated from 8:00 PM 9:00 daily, starting from the filing date until the end of the compensation period.

While it is unknown in what cryptocurrency investors will receive compensation. In Bithumb promised to clarify it in the next few days.

The Situation is reminiscent in January of this year. The company promised to pay compensation and successfully copes with it. The next payment to the victims of the hacking will be the second of July. The total amount of the returned funds will then be 55 percent.

Recommended

CRYPTOMACH / Maximum exchange rate of Bitcoin in the future, the output of the crypts on the map, Ycash and the Board of Finance

CRYPTOMACH / Maximum exchange rate of Bitcoin in the future, the output of the crypts on the map, Ycash and the Board of Finance

the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...

Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam

Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam

co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...

The Ethereum is a cryptocurrency Scam. A new report Chainalysis

The Ethereum is a cryptocurrency Scam. A new report Chainalysis

When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...

Comments (0)

This article has no comment, be the first!

Add comment

Related News

What a bummer: the Lightning Network, you cannot make transactions more expensive than the three cents

What a bummer: the Lightning Network, you cannot make transactions more expensive than the three cents

Publishing Diar.co published a scathing article about Lightning Network, reports . The media criticizes the maximum size of a transaction and points to an opaque situation with the nodes of the network. the Lightning Network is no...

VTB: in the future of cryptocurrency can be compared in status with Fiat money.

VTB: in the future of cryptocurrency can be compared in status with Fiat money.

In February , the leadership of VTB, the blockchain, unlike Bitcoin, will be in demand in the banking sector. The reason for the confidence in technology was the prospect of improving the speed of transactions and security standar...

Jimmy song: private blackany doomed to failure

Jimmy song: private blackany doomed to failure

developed by Jimmy song considers the use of the blockchain for private centralized systems useless. Song shared his experience working on a similar project Paxos in the podcast Unchained. It is reported . the Blockchain needs to ...

Vacation canceled: Turservis Expedia refused to accept cryptocurrency

Vacation canceled: Turservis Expedia refused to accept cryptocurrency

Major reservation service Expedia.com stopped accepting Bitcoin as a means of payment for hotels and flights. The discontinuation of the cryptocurrency was very quiet – it did not advertise in social networks and on the website of...

The CEO of Coinbase creates a charity organization to help people in developing countries

The CEO of Coinbase creates a charity organization to help people in developing countries

CEO of Coinbase wants to help people outside the banking system to access financial services. On Wednesday, Brian Armstrong has announced the creation of a non-profit organization that will provide financial support to developing ...

Pornhub started taking ZenCash and Tron. Why are you unhappy investors?

Pornhub started taking ZenCash and Tron. Why are you unhappy investors?

In April, the Corporation MindGeek, which owns the porn sites Pornhub, Brazzers and other coin Verge. With its help, users can purchase a premium subscription sites, adult products and other products. Now the company has announced...

The Russian billionaire will create a space-faring nation with cryptocurrency SOLAR

The Russian billionaire will create a space-faring nation with cryptocurrency SOLAR

In February, the head of Bitcoin Foundation Brock pierce about the desire to create a mini-city for the cryptocurrency of the rich in San Juan, capital of Puerto Rico. and Now the Russian billionaire and the scientist Igor ashurbe...

What is the reason for the fall of Bitcoin? The opinion of the trader

What is the reason for the fall of Bitcoin? The opinion of the trader

Managing Director of TJM Institutional Services Jim Iuorio predicts more hard times for Bitcoin, reports . In an interview with CNBC, Wario said that the first cryptocurrency was never worth $ 20,000, and now it "rolls down a very...

Fork me, baby. As developers Equihash coins are resisting ASIC miners

Fork me, baby. As developers Equihash coins are resisting ASIC miners

Summer was hot for regular updates of cryptocurrency. This is especially true of coins, mining them for the algorithm Equihash — ZEC and ZEN. What happens? Understand the question with the help of experts of the mining-pool . the ...

The people's Bank of China patented cryptocurrency wallet. All transactions in it are tracked

The people's Bank of China patented cryptocurrency wallet. All transactions in it are tracked

At the end of March, the people's Bank of China cryptocurrency one of the main threats to the yuan. The regulator plans to issue its own digital currency, and the preparations for that event underway. Laboratory of digital curren...

CNBC called Warren Buffett the main critic of cryptocurrencies

CNBC called Warren Buffett the main critic of cryptocurrencies

In may, the founder of Berkshire Hathaway and one of the most respected investors in the world Warren Buffett Bitcoin "rat poison". Then he added that the only determinant of the value of the home is a cryptocurrency investor dema...

The state Duma may postpone the consideration of the law on cryptocurrencies in the fall

The state Duma may postpone the consideration of the law on cryptocurrencies in the fall

At the end of may in the state Duma a bill on the regulation of cryptocurrency and crowdfunding. The document describes a clear distinction between the rights of citizens in respect of scriptaction. Amendments were planned to take...

The European Union: cryptocurrency can bring stability in the traditional financial system

The European Union: cryptocurrency can bring stability in the traditional financial system

a formal request for European economic ECON Committee of the European Union published its report on the possible pros and cons of the crypts. As it turned out, the digital currency of Central banks (CBDC) can pave the way to a mor...

Study: interest in Bitcoin in Europe will double in the coming years

Study: interest in Bitcoin in Europe will double in the coming years

About 75 percent of people in the world of cryptocurrency, and almost half could explain how to operate digital money. This was discussed in the survey, conducted among 29 thousand employees of different companies analysts Dalia R...

Facebook has allowed advertising of crypto-currencies, but not the ICO

Facebook has allowed advertising of crypto-currencies, but not the ICO

Facebook has allowed advertising of crypto-currencies in the pages of his social network. The company on June 26. Up to this social network ads on cryptocurrency and ICO. the Is cryptocurrency in Facebook In its announcement the c...

Steve Wozniak: the hype over the blockchain — a sign of a bubble

Steve Wozniak: the hype over the blockchain — a sign of a bubble

Apple co-Founder Steve Wozniak loves to make polar views on cryptocurrency. In early June he that Bitcoin is pure digital gold, and now criticized the technology, which is based on coin. According to him, the popularity of the blo...

Andreessen Horowitz creates a cryptocurrency Fund A16Z. Why is it important?

Andreessen Horowitz creates a cryptocurrency Fund A16Z. Why is it important?

One of the leading venture capital firms Andreessen Horowitz announced the creation of its own cryptocurrency Fund A16Z with a turnover of $ 300 million. Heads of institutions will be Katherine Hawn and Chris Dixon. Last long time...

How to set Innosilicon A9 ZMaster for mining zcash for, ZClassic, BTCP and other Equihash-coins. Guide

How to set Innosilicon A9 ZMaster for mining zcash for, ZClassic, BTCP and other Equihash-coins. Guide

Today, the coins on the algorithm Equihash're only using the GPU. To the niche is also connected to the ASIC miners. Known devices from Chinese Bitmain and fresh . Tell you what settings are suitable for models from Innosilicon fo...

The first hardwork zcash for activated Overwinter meet

The first hardwork zcash for activated Overwinter meet

on June 26 at block 347 500 took place fork network zcash for. introduces several performance improvements in the Protocol of the coin. One of them is the expiration of the term of the transaction. Function automatically cancels o...

Nobel prize winner Robert Shiller: Bitcoin is an epidemic of enthusiasm

Nobel prize winner Robert Shiller: Bitcoin is an epidemic of enthusiasm

In late may, Nobel laureate in Economics Robert Shiller, one of the first who said about the collapse of the dot-com in the nineties, the imminent disappearance of the cryptocurrency. According to him, digital money is another fai...