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Tag Archives: refund

$30M Crypto Exit Scam in South Korea Decides to Refund Out of Guilt

Twitter Facebook LinkedIn Earlier this week, a crypto exit scam in South Korea called “Pure Bit” disappeared with more than $30 million in user funds. On November 4, the group conducted an initial coin offering (ICO) to raise nearly $30 million using Ethereum (ETH) to build a cryptocurrency exchange. On November 13, as CCN reported, Pure Bit and its operators ...

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Hacked Bitcoin Exchange MapleChange Returns, Discloses Refund Plan

Following yesterday’s report that MapleChange had claimed to have been hacked and gone offline, the Canadian bitcoin exchange’s Twitter account has come back to life, and they have opened a Discord chat room in order to facilitate altcoin refunds. According to a tweet, they will not be refunding any litecoin or bitcoin deposits. Their main website remains offline. We CANNOT ...

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Blockchain-Based Ad Startup to Refund Contributors if Development Milestones Aren’t Met

A digital advertising startup with the goal of “building a better internet” for web users, publishers and advertisers is embarking on the second round of its token offering – but with a twist. Varanida says its blockchain has been built for three reasons: improving transparency for brands, increasing revenue for publishers, and giving the public a better experience when they ...

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Bithumb to Refund New Users up to 70% on Fees

This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. New users outside Korea to be reimbursed for transaction fees incurred when depositing cryptocurrency on the exchange within the event period. For a limited time, Bithumb, a global cryptocurrency exchange, is offering a ...

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Singapore’s MAS Shuts Down ICO and Forces It to Refund Investors – The Merkle

Regulators continue to pressure cryptocurrency exchanges and initial coin offerings. This is only normal, as these new industries present many opportunities but also pose major challenges. The Monetary Authority of Singapore is cracking down on problematic ICOs. So much, in fact, that one particular project was forced to return its funds to Singaporean investors. Another ICO Goes Awry Over the past few months, ...

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Bitgrail Plans To Refund Hacked Users With Self-Issued… | News

Italy-based cryptocurrency exchange Bitgrail announced that it promises to refund Nano (XRB) tokens stolen in a February hack amounting to $195 mln, so long as users sign an agreement to forgo any legal action, Bitgrail announced March 14. In a press release on its website, Bitgrail said that, “the use of the platform for the victims of the theft will ...

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Coincheck Completes $430 Million Customer Refund

Coincheck reported today that all 260,000 customers affected by the late January hack have been compensated and that the exchange has resumed some of its trading services as reported by The Wall Street Journal. Coincheck Uses Own Money for Refund Coincheck, the Tokyo based cryptocurrency exchange which suffered the second largest heist in history losing 523 million NEM tokens in January, ...

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Hacked Coincheck Exchange Will Refund Users, Resume Tr… | News

Hacked Japanese cryptocurrency exchange Coincheck will return stolen funds to customers “by the end of next week,” it announced March 8. According to a blog post quoted by Cointelegraph Japan, Coincheck, which lost $534 mln in NEM tokens to hackers in January 2018, will also seek to reopen its exchange services by the same deadline. This week, a forensics firm ...

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Telegram Promises Investor Refund, or Maybe Not

Telegram has announced it will give a full refund to investors if the TON platform doesn’t launch by October 2019. At the same time the company also issued a document that negates the promise. Refund Guaranteed, or Not The messaging app operator that raised $850 million from institutional investors in a private sale, and is now looking to double that with ...

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