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Italian court forces BitGrail CEO to repay $170M in ‘lost’ cryptocurrency

Jan28
by on January 28, 2019 at 3:25 pm
Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork


An Italian judge has reportedly ordered Francesco Firano, founder of shady cryptocurrency exchange BitGrail, to repay the $170 million worth of cryptocurrency that went “missing” early last year. Documents shared by a BitGrail victim advocacy group show Firano, who goes by the moniker “The Bomber,” must declare bankruptcy, forfeit personal assets, and return as much of the stolen digital assets as possible. The docs suggest Firano continuously bungled security matters related to the private keys (cryptocurrency) of BitGrail users, and at one point, had transferred customer funds into wallets under direct BitGrail control. In particular, they noted he had failed to…

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a couple of laughzillas on a blue diamond background

Italian court forces BitGrail CEO to repay $170M in ‘lost’ cryptocurrency

Jan28
by on January 28, 2019 at 3:25 pm
Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork


An Italian judge has reportedly ordered Francesco Firano, founder of shady cryptocurrency exchange BitGrail, to repay the $170 million worth of cryptocurrency that went “missing” early last year. Documents shared by a BitGrail victim advocacy group show Firano, who goes by the moniker “The Bomber,” must declare bankruptcy, forfeit personal assets, and return as much of the stolen digital assets as possible. The docs suggest Firano continuously bungled security matters related to the private keys (cryptocurrency) of BitGrail users, and at one point, had transferred customer funds into wallets under direct BitGrail control. In particular, they noted he had failed to…

This story continues at The Next Web

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a couple of laughzillas on a blue diamond background

This (free) ‘future of tech’ webinar will get you your next raise

Jan28
by on January 28, 2019 at 2:43 pm
Posted In: Around the Web


Artificial intelligence, the blockchain, Internet of Things. You know you’ve heard these terms about a thousand times but can you explain them in a way your (grand)parents would understand? New technologies are saving companies time, money and headaches. The problem is, most of us still don’t know exactly what they are and how we could be using them to make our lives better. On February 19th, SAP Leonardo is offering a (free!) straightforward, educational Virtual Event on Future Tech answering everything you always wanted to know but were waiting for the intern to ask. During the event you’ll learn how to…

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Japanese officials will target millions of IoT devices to help secure the Olympics

Jan28
by on January 28, 2019 at 1:35 pm
Posted In: Around the Web


With the 2020 Tokyo Olympic Games just one year away, Japan isn’t leaving anything to chance. On Friday, the country approved a law that would allow the government to hack into insecure IoT devices, in order to survey the number of easily-hackable gadgets that exist within the country. The survey will be conducted by employees of the National Institute of Information and Communications Technology (NICT), supervised by staffers from the Ministry of Internal Affairs and Communications. Perhaps for privacy reasons, the survey is being performed under punishingly strict rules-of-engagement. Don’t get any ideas of Japanese government hackers firing up Metasploit…

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