BitGrail Crypto Exchange claims $195 million worth XRB lost to hackers; Nano (XRB) developers allege “hack claim” a cover-up

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BitGrail (Italian Cryptocurrency Exchange) founder Francesco Firano claims to have
discovered that 17 million Nano tokens, worth roughly $195 million at the time, had been
stolen by hackers. But that claim has been greeted with widespread skepticism firstly due to
BitGrail halting all deposits & withdrawals of Nano, as well as the Lisk and CryptoForecast
tokens, earlier this January. That was followed by the announcement that BitGrail would
enforce identity verification and anti-money laundering protocols for its users, and potentially
block non-European users, despite the fact that it did not deal with government currencies or
banks. Then, in the wake of the alleged hack, Firano asked the developers of the Nano
currency to “fork” their records to restore the funds supposedly stolen from the exchange.
The Nano team responded by publicly rejecting the request, sharing a copy of their
communication with Firano, and furthermore alleging that “we now have sufficient reason to
believe that Firano has been misleading the Nano Core Team and the community
regarding the solvency of the BitGrail exchange for a significant period of time.” The
strong implication is that Firano had mismanaged customer assets and was claiming a “hack”
as cover.

koincurrent Author



    (August 8, 2018 - 10:37 am)

    Your post has lietfd the level of debate

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