Yet another cryptocurrency hack has come to light, the second large one after the infamous Coincheck multimillion cryptotheft in Japan.
Italy-based cryptocurrency exchange BitGrail reported on Friday the loss of $170 million worth of its cryptocurrency Nano, which amounts to roughly 17 million tokens.
In a comment on its website, the exchange said it didn’t believe that any other of its other traded currencies were affected, though it has had to suspend all deposits and withdrawals for the time being.
The most infamous hack in this sector was the $460 million theft from Japanese exchange Mt. Gox in 2014. In April 2014, the firm which handled over 70% of all bitcoin transactions worldwide through 2013 and 2014, began liquidation proceedings.