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Author Topic: [2016-0618] ‘Ether’ brought to earth by theft of $50m in cryptocurrency  (Read 256 times)
trinaldao (OP)
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June 18, 2016, 03:27:09 AM
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High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/591518a0-34df-11e6-ad39-3fee5ffe5b5b.html#ixzz4BtjoQprl

The value of an up-and-coming cryptocurrency that has been touted as a possible successor to bitcoin slumped on Friday, after a hacker took advantage of a software flaw to siphon off nearly $50m worth of digital bits.

The currency, called ether, tumbled by 25 per cent, souring a rise that had seen the total value of ether in issue reach a peak of $1.6bn earlier this week.

http://www.ft.com/cms/s/0/591518a0-34df-11e6-ad39-3fee5ffe5b5b.html#axzz4BtjeqWor

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