Infrax Systems Inc (IFXY)

[GoAndCollect]

Hot wallets a dream for hackers

30' ago

Japanese cryptocurrency exchange Coincheck says Friday that around 523 million of the exchange's NEM coins were sent to another account around 3 a.m. local time.
The stolen coins were worth about 58 billion yen at the time of detection, or roughly $534.8 million, according to the exchange.
Coincheck management says it held the NEM coins in a "hot" wallet, referring to a method of storage that is linked to the internet.

2 days ago

Nearly $400 million lost, stolen from sales of new digital coins, Ernst & Young says

Nearly $400 million, or more than 10 percent of $3.7 billion raised in initial coin offerings, has been lost or stolen, Ernst & Young says.


Most of the funds are stolen through phishing attacks, for hacking losses of up to $1.5 million a month, the report says.

Just 25 percent of initial coin offerings reached their fundraising goals in November, versus 90 percent in June, the report says.