Author: Hell Shit Coiner

One Of The Leading Crypto Exchanges Was Hacked… Again

Bithumb was hacked again (the previous hack happened less than a year ago, in June). 3M EOS and 20M XRP have been transferred out. Hey ho. This shit happens so often that it’s getting tiresome to report.    Fun fact: Bithumb’s first hack was identical to the latest one. So no lessons were learned, no …

A Crypto Fraudster Indicted On Nine Counts

Nine counts, wow! That’s quite a collection. The alleged fraudster is an owner of the investment company CabbageTech. I’m laughing because even the name is fucking suggestive – it screams for being renamed into a GarbageTech. The official statement is beautifully compact: “As alleged, the defendant defrauded investors by making false promises and sending them …

Crypto Exchanges: Trading Volumes Are Highly Questionable

It seems that bad news keeps rolling and rolling. No crypto spring in the foreseeable future, eh? So now there is a serious blow to ya’ll traders out there: the latest research shows that trading volumes at some major crypto exchanges are questionable. What are you going to do with that? That same research has …

A Clearing Day At Bithumb

Everyone is clearing their premises as if it’s a spring. Even mighty crypto platforms like Huobi, Bitmain, ConsenSys, and Coinsquare have announced layoffs. Now Bithumb is at it too. The biggest South Korean exchange will kick out 50% of its stuff. And do you wanna have a laugh? They say it’s a “voluntary retirement” program …

Tether Is Just Messy

It seems that people behind Tether have lost the plot. They’re doing some crazy stupid sh*t and hoping that it will remain unnoticed. In the age of social media! Yeah, well Facebook and Instagram were down for some time, but all other platforms – especially Twitter – not. So, y’all know how Tether is called …

Blockchain And Crypto Projects Are Filled With Bugs

Yep, your favorite, super-secure, and safe toy, a.k.a. Blockchain (and it’s kiddo crypto) is actually full of bugs. The White Hat hackers have detected over 40 bugs in the last 30 days. Holy crap, that’s impressive. It seems that gambling is the field most “filled” with bugs. And the ever-present Coinbase is not immune to …

Mordor (aka Facebook) Is Coming To Crypto

Wazzup, crypto enthusiasts? Are you ready to risk the very essence of the crypto – privacy and independence? You’d better be because Facebook is coming to your idyllic little world. And where there is Facebook, there is Mordor, inevitably. This Zuckerberg guy is really something. He knows how to spoil everyone’s party. He continues to …

Hacker Moved $7.7M From A Hacked Account

That’s it, that’s the news. Another week – another “million dollars” crypto-related scandal. It’s not surprising anymore, it’s becoming a routine. It’s still a great pleasure to report though. So a hacker (or, as the news outlets put it “an anonymous hacker” as if hackers are usually shout out about their identities at every f*cking …

ICOs In Q4 2018: The Final Countdown

The “ICO” now is not a very cool word; it’s actually a pretty bad one. The story started off amazingly inspiring, and some Cinderellas even have got their Princes Charming; fewer have lived happily ever after. Then the story turned ugly, and Princes became frauds. How sad. However, it’s not surprising for those, who trust …

$1.7B Of Cryptocurrency Were Stolen And Scammed In 2018

I’m repeating: $1.7 billion. While all of you were to-the-mooning and parading the “great” run of crypto prices, I’ve read a Cryptocurrency Anti-Money Laundering Q4 2018 report from CipherTrace. The report has around 30 pages, so I believe you lot have no intelligence to go through it. I’ll spell it out for you, and if …