Dealing with cryptocurrencies can be a lucrative business. In some cases, it can also lead to major financial losses. One firm in Australia has lost $6.6 million due to a deal gone awry involving Soarcoin. It seems this particular cryptocurrency was backdoored by the developers. The Soarcoin Deal Is a Bust Byte Power Party Ltd....The post Soarcoin ‘Backdoor’ Causes $6.6 Million Loss for Australian Company appeared first on Bitcoin Network, News, Charts, Guides & Analysis.
06/07/2018 / 20:45:43
A deal between Australian Byte Power Party Ltd. and Singaporean Soar Labs went south when millions of Soarcoin tokens went missing. Soar Labs attempted to purchase a stake of Byte Power without actually paying for it. It all began in June 2017, a month prior to Soar Labs’ ICO. Byte Power announced the Singaporean company would acquire aThe post Backdoor Flaw Sees Australian Firm Lose $6.6 Million in Cryptocurrency appeared first on CCN
06/07/2018 / 11:53:23
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