Home General Italian cryptocurrency exchange BitGrail loses $170 million

Italian cryptocurrency exchange BitGrail loses $170 million

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One of the biggest problems with cryptocurrency exchanges is that they’re a juicy, enticing target for high-tech criminals. Case in point, Italian exchange BitGrail, which lost $170 million worth of Nano tokens, a little-known digital coin previously called RaiBlocks. BitGrail is the second exchange that lost of massive amount of money this year — and it’s only February — following Tokyo-based Coincheck, which lost between $400 and $534 million worth of coins in a cyberattack on its internet-connected wallet back in January. More….