$200 million worth of cryptocurrency goes missing from BitGrail exchange

Another day, another high-profile cryptocurrency hack — though in this case, the details are even murkier than usual. 

Italian cryptocurrency exchange BitGrail announced last Thursday that it’s missing 17 million Nano, a cryptocurrency worth $11.90 at the time the announcement was made. This means the total value of missing coins was around $202.3 million.

(The price of Nano has since dropped significantly; the coin is currently trading at about $10.15 according to CoinMarketCap). 

In a notice on its website, BitGrail mentions “unauthorized transactions,” and says it has notified the authorities of the apparent hack. It also halted all withdrawals and deposits from the site.  Read more…

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