Ripple’s Newly Acquired Company Hit By Hackers, Here’s What Happened

Mike Belshe insists that BitGo has nothing to do with this breach as he shared he chronology of what happened to the above-mentioned company that was recently bought by Ripple crypto giant.

Belshe said that the breach suffered by Fortress was made not via BitGo but through another third party integration. The hacker managed to withdraw funds from the system of hot wallets of Fortress. The CEO claims that as soon as Fortress contacted BitGo about what happened, the exchange immediately advised that they disclose the news about the breach to the community. However, Fortress chose to act in another way.

This case proves that the crypto space desperately needs decentralization, Belshe wrote, since “We can’t continue to be dependent on the honesty of custodians, bankers, or “trusted third parties” acting with integrity when bad things happen.”

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

How a company that makes gun safes angered gun ownersLiberty Safe, which calls itself “America's 1 heavy-duty home and gun safe manufacturer,” came under intense criticism from gun owners and conservative commentators this week after it acknowledged that it had voluntarily given the F.B.I. the access code to one of its safes to help in an investigation.
مصدر: sltrib - 🏆 316. / 61 اقرأ أكثر »

JCPenney CEO says company focused on American working families as economy weighs on consumers' walletsJCPenney is reinvesting one billion into upgrading its fleet of 670 stores and its online business. The move to boost business comes just a few years after Marc Rosen took over as CEO.
مصدر: FoxBusiness - 🏆 458. / 53 اقرأ أكثر »