In Kaliningrad, Russia, criminals kidnapped a man in broad daylight to get their hands on his cryptocurrency holdings. In the process, they beated something like $523,000 in cryptocurrency out of him. Literally.
The ongoing wave of hacks and attacks affects the operation of many companies in the cryptocurrency field. One of the biggest hardware wallet manufacturers Ledger has recently suffered a hack that led to losing about a million emails as well as other customer information.
The Ouhai police in Wenzhou, China, arrested 10 people belonging to a criminal gang running the Huobi Global Moving Brick Arbitrage HT Chinese Group Community scam project in Telegram. During the arrest, the police confiscated a luxury villa, cars, flagship smartphones, computers, as well as cryptocurrency totalling to over 100 million yuan.
Blockchain has been a buzzword for a while now. However, only techies are able to actually understand what it means and realize all the potential of this technology. For common folks, it is just another “scary” word they hear every now and then without the slightest idea of its meaning. But what does it actually mean?