BitGrail cryptocurrency exchange loses $170 million in Nano tokens

Bitcoin Cash
The Wall Street Journal has reported that Italian cryptocurrency exchange BitGrail has lost about 17 million Nano tokens. In total, the stolen tokens were worth $170 million.

BitGrail made the announcement on its website and said that it had lost about $170 million due to fraudulent transactions. It has already notified the authorities, who are investigating the matter. In addition, the exchange has placed a hold on all transactions in order to verify their authenticity.

A similar theft occurred earlier this year with Japan’s Coincheck exchange. That particular hack was much larger, with the exchange estimated to have lost as much as $534 million in cryptocurrency. Coincheck has said that it will reimburse the affected users, but BitGrail founder Francesco Firano said it would be impossible to completely refund the affected clients.

The team behind Nano have released a statement saying that theft was not due to an issue with Nano’s protocol, and lays the blame on BitGrail’s software. The announcement went on to state that they believe that “Firano has been misleading the Nano Core Team and the community regarding the solvency of the BitGrail exchange for a significant period of time.”

The team said that they would not be responding to any accusations from Firano, and are turning over all of their information regarding the incident — such as blockchain entries, screenshots, and chat logs — to law enforcement.

Additionally, the team published a copy of the conversation with Firano. They allege that he suggested modifying the Nano ledger to cover his losses. Nano said that was impossible and not something they’d do even if they could.

In a tweet, Firano called the accusations against him “unfounded” and said that he told the police that the Nano development team may have compromised their investigation by releasing the transcript of his conversation with them.

In a later tweet, Firano denied that he or Bitgrail were at fault for the theft.

Music

Tidal faces legal jeopardy over fake stream numbers accusation

In another challenging chapter for music subscription service Tidal, Norwegian authorities have begun a formal investigation into charges that the company faked millions of streams for artists such as Kanye West and Beyoncé.
Movies & TV

The best shows on Netflix, from 'Haunting of Hill House’ to ‘Norsemen’

Looking for a new show to binge? Lucky for you, we've curated a list of the best shows on Netflix, whether you're a fan of outlandish anime, dramatic period pieces, or shows that leave you questioning what lies beyond.
Computing

Still miss Windows 7? Here's how to make Windows 10 look more like it

There's no simple way of switching on a Windows 7 mode in Windows 10. Instead, you can install third-party software, manually tweak settings, and edit the registry. We provide instructions for using these tweaks and tools.
Computing

Lost your router? Here's how to find its IP address to help track it down

Changing the login information for your router isn't always easy, that's why so many have that little card on the back. But in order to use it, you need to know where to go. Here's how to find the IP address of your router.
Computing

Our favorite Windows apps will help you get the most out of your new PC

Not sure what apps you should be downloading for your newfangled Windows device? Here are the best Windows apps, whether you need something to speed up your machine or access your Netflix queue. Check out our categories and favorite picks.
Computing

Is it worth spending more for the Surface Pro, or is the Surface Go good enough?

The Surface Go versus Surface Pro -- which is better? While the higher price tag of one might make you think it's an easy choice, a deeper dive into what each offers makes it a closer race than you might assume.
Computing

Pinning websites to your taskbar is as easy as following these quick steps

Would you like to know how to pin a website to the taskbar in Windows 10 in order to use browser links like apps? Whichever browser you're using, it's easier than you might think. Here's how to get it done.
Computing

Stop your PC's vow of silence with these tips on how to fix audio problems

Sound problems got you down? Don't worry, with a few tweaks and tricks we'll get your sound card functioning as it should, and you listening to your favorite tunes and in-game audio in no time.
Computing

Yes, Android apps can run on your PC, and it's easier than you think

Wish you knew how to run Android apps in Windows? It's easier than you might think and there are a number of different ways to do it. In this guide, we break down the steps so you can follow along with ease.
Computing

Don't spend hundreds on Pro Tools or Logic. Try one of these free alternatives

Believe it or not, Pro Tools isn't the only digital audio workstation worth your time. Check out our picks for the best free recording software, whether you're looking for a lightweight app or a full-blown audio workstation.
Computing

How to share an external hard drive between Mac and Windows

Compatibility issues between Microsoft Windows and Apple MacOS may have diminished sharply over the years, but that doesn't mean they've completely disappeared. Here's how to make an external drive work between both operating systems.
Computing

Should you buy the affordable MacBook Air, or is the MacBook Pro worth the price?

Though they both share Retina Displays and similar keyboards, there are still some specs differences and other changes that differentiate the new 2018 MacBook Air and MacBook Pro. In this guide, we stack the two up against each other.
Computing

Chip off the auction block – Intel’s i9-9990XE may be sold to the highest bidder

Intel's alleged Core i9-9990XE may only be sold at auction to OEMs, meaning that only a few of the 14-core, 28-thread, 5GHz CPUs will ever see the light of day in specific devices and systems.
Android

Mobile World Congress (MWC) 2019: Complete Coverage

There's no bigger show for mobile tech geeks than Mobile World Congress in Barcelona, Spain: where flagship phones are born and intriguing new wearables shine. And this year, where foldable phones and 5G are likely to dominate the news. For…