Theft

IOTA Network Still Down: How the Next Bitcoin Killer Screeched to a Halt

</header> <strong>On February 13, the IOTA network came to a screeching halt and the IOTA Foundation reports that $1.6 million worth of the native currency was stolen. The following day, the IOTA network status page still shows the mainnet is “not operational” and the development team has found an “exploit related to the Trinity Wallet.” …

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French Businessman Detained for Stealing €1.2 Million in Crypto From His Partners

</header> <strong>An investigation launched on the request of a French startup has led to the indictment of a 37-year-old entrepreneur accused of stealing </strong><strong>182 <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a> from the company he cofounded. Embezzlement of money is one the charges brought against him by the public prosecutor’s office in Paris. </strong> Also read: …

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Malaysian Thieves Drill Through Wall to Steal 85 Crypto Machines

Malaysian authorities have apprehended five men charged with stealing 85 bitcoin machines. The police captured the men in a police raid on November 2. The Sun Daily reports that four men and one woman rented a building in Seremban, Malaysia adjacent to a warehouse storing the bitcoin machines. The five drilled through the concrete wall …

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Walmart uses AI camera tech to track checkout theft at 1,000 stores

Sponsored Links Jeffrey Greenberg/Universal Images Group via Getty Images Walmart’s early use of AI at its stores isn’t just for the sake of convenience. The retailer has confirmed to Business Insider that it’s using camera-based computer vision tech to deter theft and losses at its checkouts (including self-checkouts) in over 1,000 stores. The simply titled …

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Bitgo Obtains $100M Insurance Policy to Cover Crypto Assets

<strong>Cryptocurrency wallet service provider Bitgo has secured a $100 million policy through Lloyd’s insurance to cover crypto assets that are completely under the company’s control, such as those held in its business wallet and custody offerings. The policy covers issues like insider theft by employees, loss or damage of private keys and hacks.</strong> Also read: Survey …

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