Altsbit Cryptocurrency Exchange to Shut Down After over $70M USD in Assets Stolen

Cryptocurrency exchange Altsbit said it plans to shut down its services in May 2020, after having lost “almost all funds” in a security breach on Feb. 5.Altsbit reported the security breach on Twitter on Feb. 6 and published withdrawal instructions 3 days later. The Italy-based exchange stated that the cryptocurrencies taken in the hack...

CEO of the Embattled Brazillian Crypto Company Owns 25,000 Bitcoins

October 08 - CEO of the Embattled Brazillian Crypto Company Owns 25,000 Bitcoins A leaked tax filing shows that Claudio Oliveira, the Chief Executive of the embattled Brazilian cryptocurrency company Grupo Bitcoin Banco, owns as much as 25,000 Bitcoin. This amount is currently worth more than $209 million USD.A person familiar with Brazil’s tax authority,...