Excoin Exchange To Shut Down Amid Claims Of Theft

The altcoin exchange Excoin has announced that it will soon shut down after alleging that an attacker was able to withdraw all the bitcoins from the exchange.

With a trading engine written in Go, Excoin launched what was predominantly a Blackcoin exchange back in November of 2014. Excoin also featured a proof of reserve page which reassured members that their funds were securely stored and accounted for. Continue reading

Phishing With Coinbase

Coinbase has announced their intention to reimburse a small number of users who were the victim of a phishing attack. The attacker, who emailed users a purported new service agreement from Coinbase, used the Coinbase API to fool users into approving full permissions for his 3rd party app so as to withdraw bitcoins from the Coinbase wallet. As a result of the successful attack, Coinbase now claim they will review the approval process for applications using their API. Continue reading