CSI crypto: Can victims recover stolen coin?
An uptick in digital heists of virtual currencies has left many crypto investors wondering if they have any options for tracing illicit Bitcoin transactions and recovering their stolen funds. The short answer is that ‘it’s possible, but difficult.’ The long answer is that ongoing developments in the regulatory landscape surrounding cryptocurrency may offer victims more recourse going forward.
Fourth largest Bitcoin exchange. Bithumb, hacked for billions of Won
The largest bitcoin and Ether exchange in South Korea by volume, Bithumb, was recently hacked. Monetary losses from compromised accounts have started to surface, and are quickly reaching into the Billions of won.
WizSec Sees Little Hope For MtGox Creditors
Creditors are now able to make claims for their lost funds, but according to a report released by WizSec, the MtGox bitcoins were syphoned long before the collapse.
