VeChain Foundation Hacked for $6.5M in VET Token Theft

The Singapore-based VeChain Foundation’s buyback wallet was compromised by a hacker at 12:27 UTC on Friday, VeChain wrote, with the funds being withdrawn to a private address. The firm says it has tagged and tracked the funds and is working with cybersecurity firm Hacken to isolate the tokens’ flow to various exchanges. Author: William Foxley Source link

Bitcoin App Bottle Pay Shuts Down Over Impending EU Money-Laundering Laws

“The amount and type of extra personal information we would be required to collect from our users would alter the current user experience so radically, and so negatively, that we are not willing to force this onto our community,” the company said in a statement, adding the team never charged for this service, added routing fees or sold anything to users. Author: Leigh Cuen Source link

It’s Time to Walk-the-Talk on Decentralized Governance

The time has come, they say, to move past the backroom wheeling and dealing – a hegemon calling all the shots, or a corrupt small group protecting special interests. DevCon, the ethereum conference in October, proved that crypto people (entrepreneurs, coders, users) want equal governance as an active goal of crypto projects. Cryptocurrency users are looking for projects that give them a direct say.  Author: Jake Yocom-Piatt Source link