This Crypto Startup Hacks Its Own Users’ Wallets to Rescue $13 Million

By CCN: Better the thief you know than the one you don’t. Cryptocurrency platform Komodo has had to hack its users after discovering a serious security flaw in one of its wallets. According to a press statement by the blockchain startup, Komodo’s cybersecurity team was able to ‘sweep’ in and retrieve 8 million Komodo coins (KMD) and 96 Bitcoin before hackers got hold of the exposed loot. An estimated $13 million worth of cryptocurrency was saved in the process. A video on YouTube reveals how bad actors could have potentially gained access to Komodo users’ private keys: Funds are Safe

The post This Crypto Startup Hacks Its Own Users’ Wallets to Rescue $13 Million appeared first on CCN

source https://www.ccn.com/cryptocurrency-project-hacks-users-rescue-13-million

READ MORE http://bit.ly/2I1zEeo

from Cryptocurrency News http://bit.ly/2Zejx2S
via IFTTT Join Robinhood and we'll both get a stock like Apple, Ford, or Sprint for free. Make sure you use my link. http://bit.ly/2G2HXWf Email me at justplanegonefilms@gmail.com after signing up with my link, and I will personally help you with choosing which stocks to invest!