Ether Withdrawals Slow as Millions in DAO Funds Remain Unclaimed
Millions of dollars worth of ether remain unclaimed from a smart contract established for the purpose of allowing investors in The DAO to recover funds compromised in the project's demise. Of the 11.6m ETH moved to the contract by way of a change to the underlying ethereum platform's code earlier this week, just over half (about 60%) of the funds, or about 6.85m ETH, have so far been withdrawn. The remaining 4.75m ETH, worth about $68m at today's USD exchange rate, continues to be available to potential investors. However, the withdrawal rate, at press time, seems to have slowed....
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It's now been one month since a hard fork of the ethereum blockchain resulted in 11.6m ether being moved to an account with one function: withdraw. At the time, that was about $145m worth of the digital currency just waiting for former investors, and within hours of its creation, nearly half of those funds had been claimed. Today, however, the rate of withdrawal has come to a near standstill. Over the last week, the withdrawal account's balance has dropped from 2.39m ETH to just 2.29m ETH today. At today's rate, that leaves more than $25.9m worth of ether still unclaimed. Who owns this....
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In light of the recent Cryptsy debacle where millions of dollars worth of Bitcoin and other cryptocurrencies went missing after a malicious attack, another cryptocurrency exchange in BitQuick has become victim to hackers. In a blog post published on their website on March 17th, 2016, Founder and CEO as well as Customer Service Rep. (respectively) Jad Mubaslat & Chad Davis posted that the BitQuick servers were breached on March 14th, 2016. Unlike Cryptsy, the team at BitQuick hasn’t kept this breach a secret from its users for long and is updating publicly on their progress in dealing....
The masterminds behind the alleged cryptocurrency Ponzi scheme called Bitstream Circle are believed to have stolen more than $10 million in investor funds. The alleged theft became apparent on March 13, 2022, when some of the scheme’s investors encountered problems making withdrawals. Withdrawals Blocked Reports from Kenya have said investors in an alleged crypto Ponzi scheme, Bitstream Circle, are now unable to withdraw funds following the scheme’s collapse. The reports add that the scheme’s masterminds may have made off with investors’ digital assets that are....
Yesterday, Mt. Gox released the following notice from Tokyo, Japan: Statement Regarding Temporary Hiatus on U. S. Dollar Withdrawals. TOKYO - JAPAN - June 20th, 2013. Over the past weeks Mt. Gox has experienced rising volumes of deposits and withdrawals from established and upcoming markets interested in Bitcoin. This increased volume has made it difficult for our bank to process the transactions smoothly and within a timely manner, which has created unnecessary delays for our global customers. This is especially so for those in the United States who are requesting wire transfer....