Hackers attack BitGrail Exchange and steal $170 million Nano

BitGrail, the cryptocurrency exchange in Italy, announced on its website that its $170 million Nano coin (previously known as RaiBlocks coin) was stolen and has now been reported to regulators for a moratorium on all tokens trading. And BitGrail founder Francesco Firano on Twitter publicly stated that the exchange will never compensate users for money lost.

NANO on BitGrail have been stolen.

Unfortunately there is no way to give it back to you at 100% (we only got 4 MLN XRN right now).

The devs, as you have guessed, dont want to collaborate

— Francesco The Bomber (@bomberfrancy) February 9, 2018

In fact, the Nano team did not think the burglary was caused by the Nano deal, pointing out that the problem was a software hole in the BitGrail exchange that even made a public chat with Firano’s chat history, saying he had hinted at altering his accounts to cover the loss. In a recent statement, the team said: “We now have sufficient reason to believe that Firano has been misleading the NanoCore Team and the community regarding the solvency of the BitGrail exchange for a significant period of time.” Firano himself said in response that the allegation was “groundless.”

In January, Japan’s hugely encrypted currency worth 400 million U.S. dollars was stolen from Japan’s Coincheck cryptocurrency exchange, but unlike BitGrail, Coincheck promised compensation for user losses.

Source: bitcoinist