One of the Oldest Crypto Exchanges and Riot Blockchain

Cryptocurrencies such as Bitcoin, Ethereum, Ripple’s XRP, Litecoin, and others step-by-step became part of the modern world. However, people should learn more about the crypto industry before entering this industry.

This week, the world’s one of the oldest crypto exchanges Coincheck made an important announcement. According to this announcement, Coincheck has suffered a data breach. This data breach took place on May 31 and June 1. Importantly, the data breach purportedly affected roughly 200 customers of Coincheck.

Unfortunately, attackers gained access to the platform’s domain registration service. This attack was quite serious as they may have stolen email addresses as well as phone numbers, registration addresses, and other personal information.

This is not the first case when hackers targeted the world’s one of the oldest crypto exchanges. In 2018, hackers gained access to $500 million, to this day this incident is the biggest crypto theft in the history.

Hopefully, this time the breach had no impact on the customer’s assets. Nevertheless, Coincheck decided to halt its crypto remittance service, to investigate the problem.

Moroever, cyberattacks represent a serious challenge for the companies. Last month, crypto lending provider BlockFi suffered a similar data breach. Based on the information provided by BlockFi, the company’s client data was breached as a result of the SIM card swap attack.

Riot Blockchain and crypto mining

Recently, a Nasdaq listed cryptocurrency mining company Riot Blockchain also made an announcement. Hopefully, this announcement has nothing to do with a cyberattack.

Riot Blockchain purchased an additional 1,000 next-generation Bitmain S 19 Pro (110 TH) Antminers. The company paid $2.3 million to Bitmain.

Interestingly, the company was able to buy 1,000 Bitmain S 19 Pro by using available working capital. Moreover, the company has no long-term debt. Also, in 2020 Riot Blockchain expanded its mining fleet and focused on Bitcoin mining. Importantly, the supply of Bitcoin is limited to limit potential inflation. Bitcoin’s recent halving is making the crypto mining industry more competitive