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Millions of USD Backed Assets Sent Out Due to Dividend Glitch, Oops!
CoinoUSD is an asset issued out by Coinomat which is backed by USD. Unfortunately the program used to distribute assets had a glitch and millions of CoinoUSD were issued out to users already holding CoinoUSD. While it seemed to a complete disaster, markets on centralised servers and on the coinomat website were immediately notified and disabled. Unfortunately, due to the decentralized nature of the NXT Asset Exchange, the buy order books were completely filled. Luckily the account that did so cooperated with Coinomat. As a result, a new asset will be issued out in it's place. This new asset is called NXTUSD. CoinoUSD is still disabled and we advise you to not trade CoinoUSD on the NXT Asset Exchange as they are currently worthless.
Keep up to date at the NXT forums HERE
Cryptsy Finally Admits to being Hacked
Cryptsy, considered to be one of the leading alternative cryptocurrency exchanges, has finally admited to loses up to $6 million dollars from glitch in it's websites wallets. The hacker, named Lucky7Coin, inserted a backdoor Trojan Horse into the wallets to collect infomation. 13,000 BTC and 300,000 LTC were stolen. The hacking took place a year and a half ago however Cryptsy decided to cover it up after being ignored by authorities. Cryptsy believed they could reclaim the money back through transfer fees. Credit where credit is due, the SuperNET community was well on top of all deviant behaviour conducted by the website and were warned to steer clear. This did not just affect the NXT community, but all coins on the exchange. CORE Media advises readers to not leave their coins on centralised exchanges and to properly backup their coins. Currently SuperNET is in the middle of trying to fix the problem of centralised exchanges with InstantDEX.