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Mt.Gox Stolen Funds Plan Gets Delayed Once Again: Report

Mt.Gox stolen funds plan gets delayed once again to Mid-December according to the latest reports that we have in our crypto news. The deadline for submitting the rehabilitation plan for reimbursing the creditors for the Mt.Gox stolen funds was delayed once again and this time to December 15th, 2020. The Tokyo District Court had issued an order indicating that the submission deadline was until October 15th as the Mt.Gox trustee of the rehabilitation Nobuaki Kobayashi that was designing the plan for more than a year, announced the delay earlier today. The Mt.Gox trustee statement. Source Mtgox.comThe statement read that as…

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KuCoin Crypto Exchange Got Hacked, $150M In BTC And ERC20 Stolen

The KuCoin crypto exchange got hacked and about $150 million in Bitcoin and ERC20 tokens were reportedly stolen as we are about to read more in the latest crypto news. KuCoin confirmed the hack attack and stated that roughly $150 million in BTC and ERC20 tokens were taken but they did promise to cover the losses from the users’ funds. The KuCoin crypto exchange got hacked a few hours ago despite touting itself as the “most advanced and secure crypto exchange to purchase and sell Ethereum, Bitcoin, Litecoin, USDT, TRON, NEO, KCS, XRP and more.” In the meantime, the confusion…

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Hackers From North Korea Use Altcoins To Convert $1.5B In Stolen Funds

Hackers from North Korea are using altcoins that are untraceable in order to convert stolen cryptocurrencies into cash equaling more than $1.5 billion in stolen funds as we are reading more in the upcoming altcoin news. The hackers from North Korea are suspected to be using untraceable alternative cryptocurrencies to convert funds into cash. The news reports from NK News, which is an unpublished United Nations Panel of Experts report shows that the North-Korean hackers have stolen more than $1.5 billion in crypto and that they were converting a portion of the amount into cash. The hackers transacted funds using…

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