Sabtu, 11 Mei 2019

Crypto Exchange Bithumb Hack

Mar 31

This proves that there is no guarantee that cryptocurrencies in exchanges are not hackable.

Crypto Exchange Bithumb Reportedly Hacked of Almost $19 Mln in EOS, XRP
According to crypto exchange Bithumb, the exchange detected unusual withdrawal activity.cointelegraph.com

Report say that almost $19 million worth of EOS and XRP have been hacked. The exchange say that they have recovered $14 million worth of cryptocurrencies back. Even though some cryptocurrencies have been recovered, the coins are lost when it is transferred from exchange to private wallet.

This kind of hacks bring fear to investors and traders. There should be some kind of protection that makes people feel that they will not lose their cryptocurrencies.

INZURA brings solution to this problem. INZURA is an insurance platform where cryptocurrencies in exchange can be covered under insurance policy through premium provided in the platform. INZURA also provides claim benefit of 5 times the premium value.

Inzura Official Group
INZURA is crypto insurance platform where you can buy premium towards your crypto in exchange and cover it from any…t.me

Inzura - Crypto Insurance
World’s first crypto insuranceinzura.world

Inzura (@InzuraOfficial) | Twitter
The latest Tweets from Inzura (@InzuraOfficial). Inzura is the world's first crypto insurance which protects the crypto…twitter.com

Binance Hacked

Binance Hacked: $40 Million Security Breach: How INZURA Protect Funds

INZURA

May 8

One of the top exchanges in crypto market got hacked and 7000 BTC got transferred out in single transaction.

“ We have discovered a large scale security breach today, May 7, 2019 at 17:15:24. Hackers were able to obtain a large number of user API keys, 2FA codes, and potentially other info. The hackers used a variety of techniques, including phishing, viruses and other attacks. We are still concluding all possible methods used. There may also be additional affected accounts that have not been identified yet.”

Binance used SAFU funds to cover the loss. What assurance do Binance have when SAFU funds got exhausted and what assurance do other exchanges have to their users that the funds are 100% safe. INZURA solves this problem. INZURA gives their user with insurance premium and covers the loss of crypto in exchange.

What lost is lost in crypto space. We can only trace the transaction up to certain point. Hence it is not recoverable. The best solution to get back the crypto is insurance. INZURA provides that insurance with all working model. INZURA MVP shows the 10% of main function which can help understand how insurance model works.

INZURA is here to protect you from crypto loss !!

Username bitcointalk : Bohitek97
Bitcointalk link profil : https://bitcointalk.org/index.php?action=profile;u=2124289
My ethereum wallet : 0x57467D4CB04dB2B235de1277aEf04Bb1335CA73b