Hackers That Stole Millions From Crypto Firm Planned the Attack Chatting On the Game PUBG

Hackers That Stole Millions From Crypto Firm Planned the Attack Chatting On the Game PUBG | #TpromoCom #Hackers #Hacker #CyberCrime | The cybersecurity agenda remains one of the main concerns that prevent financial institutions and users in general from adopting cryptocurrencies as a viable option for making transactions and saving money with the confidence of knowing that their funds are “in good hands.”

After the scandal surrounding the Cryptopia hack, a new case of theft with multimillion-dollar losses was reported in Turkey. According to an article in the local newspaper The Daily Sabah, a group of hackers stole more than 2.47 million dollars from a cryptocurrency company in Istanbul.

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“Personally, I doubt  very much that  any Central Bank would want to truly adopt one of the digital currencies that have become so popular as of late,” says Al Colombo, Senior Design Specialist and a security SME (Subject Matter Expert). “The basis for a cryptocurrency was, and continues to be to avoid doing business with traditional banks that control the currency.”

According to an article on Wikipedia, which lends credence to the idea that Central Banks have not embraced cryptocash because it cannot attach value to it, “In centralized banking and economic systems such as the Federal Reserve System, corporate boards or governments control the supply of currency by printing units of fiat money or demanding additions to digital banking ledgers. In case of decentralized cryptocurrency, companies or governments cannot produce new units, and have not so far provided backing for other firms, banks or corporate entities which hold asset value measured in it” (http://bit.ly/2IjFSZ7).

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