War of Words Erupts Between Bitgrail and Nano Development Team Over Alleged Theft
A dispute has erupted between Bitgrail, an Italian crypto-currency exchange, and the development team of Nano over the suspected theft of $170m. Bitgrail announced that it had temporarily suspended withdrawals and deposits after discovering unauthorized withdrawals totaling 17m Nano from its digital wallet.
Accusations and Denials
Bitgrail founder, Francesco Firano, reportedly asked the Nano development team to fork the currency to recover the stolen funds. However, the Nano team vehemently denied this request, stating that modifying the ledger to cover losses was not an option they would consider. They also accused Firano of misleading them and the community about Bitgrail’s solvency.
Scam Allegations and Legal Action
Speculation arose that Bitgrail may have been attempting to scam users following changes to its terms of service that excluded non-European users. Firano has since filed a complaint for aggravated defamation against the Nano developers. He maintains that the bugs exploited by hackers were not due to Bitgrail’s software and that the company is working on a recovery plan.
Expert Opinion
Ilia Kolochenko, CEO of High-Tech Bridge, cautioned against jumping to conclusions before a thorough technical investigation. He highlighted the importance of cybersecurity in blockchain start-ups and warned of the increasing risk of cybercrime in the cryptocurrency industry.
As the dispute continues to unfold, the crypto community waits to see how the situation will be resolved and what implications it may have for the future of digital currency exchanges.