• About
  • Contact
  • Privacy Policy
  • bitcoinBitcoin$7,225.731.13%
  • ethereumEthereum$144.030.61%
  • xrpXRP$0.217782-0.52%
  • bitcoin cashBitcoin Cash$208.301.37%
Cryptovibes.com - Daily Cryptocurrency and FX News
  • Home
  • News
  • Analysis

    Everything To Know About Bonds

    Ether Eyes $160 As BTC Oscillates And Altcoins Rally

    GBPUSD Price May Reverse at the Resistance Level of $1.31

    USDJPY Price Penetrates Former Demand Level of $108, Further Price Declination envisaged

    ‘Parental Controls’ is Outdated for Crypto, Bank of Lithuania Says

  • FX Industry

    Everything To Know About Bonds

    Robinhood Changes Strategy, Launches Fractional Shares for Users

    Robinhood Changes Strategy, Launches Fractional Shares for Users

    Ler Ebaz Counters DOJ’s Loss Calculation over Binary Options Fraud

    Ler Ebaz Counters DOJ’s Loss Calculation over Binary Options Fraud

    GBPUSD Price May Reverse at the Resistance Level of $1.31

    EGM Meeting Allows KVB Kunlun to Change Name With Unanimous Vote 2

    KVB Kunlun Rebrands As It Changes Its Name To CLSA Premium

    Barclays Begins the Sale of Its Equity Options Business to GTS

    Barclays Begins the Sale of Its Equity Options Business to GTS

  • Though Leadership

    A Preview of What 2020 Has to Offer for the Crypto World

    TRXUSD - Daily Chart

    Tron Price Analysis: TRX/USD Ranges as the Price May Further Drop

    LTCUSD - Daily Chart

    Litecoin Price Analysis: LTC/USD Bears Are Still in Play; Price May Continue to Plunges

    What Must Happen for Ether to Explode to $170 This Black Friday?

    A ‘Black Hole’ May Swallow Cash-Settled Bitcoin Futures Traders’ Investments, Says Antonopoulos

  • Crypto

    Metals Giant Glencore Joins IBM Blockchain Supply Chain Platform

    Bitfinex Partners with Chainalysis to Rev Up Compliance

    Ether Eyes $160 As BTC Oscillates And Altcoins Rally

    SEC Asks Telegram Messenger’s Investment Adviser for A London Testimony

    SEC Asks Telegram Messenger’s Investment Adviser for A London Testimony

    Napoleon’s Bitcoin Fund Strongly Connected to CME Futures

    ‘Parental Controls’ is Outdated for Crypto, Bank of Lithuania Says

  • Autotrading
    • Bitcoin Billionaire
    • Bitcoin Circuit
    • Bitcoin Era
    • Bitcoin Evolution
    • Bitcoin Future
    • Bitcoin Lifestyle
    • Bitcoin Loophole
    • Bitcoin Profit
    • Bitcoin Revolution
    • Bitcoin Rush
    • Bitcoin Trader
    • Immediate Edge
      • Celebrities
      • Kate Winslet Bitcoin
      • Holly Willoughby Bitcoin
      • Ant McPartlin Bitcoin
      • Nicole Kidman Bitcoin
      • Jim Davidson Bitcoin
      • Peter Lim Bitcoin
      • Mike Hosking Bitcoin
  • PR

    BitcoinCasino.io Adds Games Powered by No Limit City

    Gold Fields Limited’s Two New Bonds Raise a Staggering $1bn

    Todaytrader.com Makes It Premium Courses Available for Free

    Zilliqa Launches Education Initiative in Partnership with Award-Winning King’s College London Blockchain Society

    Block Society

    Block Society, the First Cryptocurrency Advising Firm Registered with the SEC

  • Dislaimer
No Result
View All Result
Cryptovibes.com - Daily Cryptocurrency and FX News
No Result
View All Result

Gregg Bennett Sues Bittrex After Losing More Than $1.2 Million Through SIM Swap

Ali Raza by Ali Raza
November 4, 2019
in Crypto news
4 min read
Gregg Bennett Sues Bittrex After Losing More Than $1.2 Million Through SIM Swap
Share on FacebookShare on Twitter
5 / 5 ( 1 vote )

There’s an incomprehensible amount of money that flows through the crypto industry on a daily basis. This rather obviously leads to a massive risk for criminal activity. Bittrex is currently being sued over a so-called SIM swap scam that allowed criminals to net 130 Bitcoin in stolen profits.

Like other high profile cases brought to light, a scammer manages to impersonate someone using information gained by other methods and requests that a SIM is reissued to the hacker. Afterward, the hacker is capable of using phone-based verification systems to gain access to various accounts their victims had connected to their mobile number.

Bennett vs Bittrex

Unlike other cases that were successfully solved via criminal investigation, Gregg Bennett hasn’t been so lucky. Bennett filed a lawsuit against Bittrex through Washington’s King County Superior Court. In the suit, Bennett claims that Bittrex has ignored the industry’s security standards and violated its own security protocols. Through doing this, they missed the chance to prevent Bennett’s more than $1.2 million loss in the form of crypto assets. Bennett claims that he personally notified Bittrex, but the exchange did not correctly take steps towards securing his account on the 15th of April, 2019.

The Department of Financial Institutions’ Legal Examiner for their Washington Branch concluded that Bittrex failed to take reasonable steps in order to respond appropriately. The Examiner also stated that it seemed that Bittrex had violated its own terms of service through doing so.

Many Key Issues

27 Million Lost to Forex and Cryptocurrency Scams, British Regulatory Agency Cries Out

Bennett stated that the exchange had to be aware that foul play was at hand. The IP address and the operating system were both completely different from his own. He claims that the hackers drained 100 bitcoin from his Bittrex account, before selling his altcoins below market value and gaining another 30 bitcoin through that.

Bennet’s lawsuit claims that the crypto exchange failed to adhere to industry standards. His lawyers stated that other exchanges impose a 24-hour hold on all withdrawals after a password change and that Bittrex should have enacted something similar.

Bennett remarks that he faults Bittrex for its ineptitude.

A large number of legal bodies have been notified about the hack. However, none of these groups have announced any criminal charge laid against someone in terms of this case. At the time of writing, Bennett’s bitcoins are nowhere to be found.

Bittrex Zigzagging

Bittrex did not comment on the court case specifically. Instead, they opted for a more sideways way of covering themselves. Bill Shihara, the Chief Executive Officer of Bittrex, told the press that the exchange platform had a sturdy security system in place. This system was used to prevent account breaches through things like two-step verification and email verification systems that activate should an unknown IP try to access an account.

Even so, he states that it should never be left to your phone as a last line of security. He reminded people that if a criminal then takes over your phone, they take over everything that you relied on it for verification.

Tags: BittrexBlockchaincryptoScam

Related Posts

Crypto news

Metals Giant Glencore Joins IBM Blockchain Supply Chain Platform

December 13, 2019
Crypto news

Napoleon’s Bitcoin Fund Strongly Connected to CME Futures

December 11, 2019
Analysis

‘Parental Controls’ is Outdated for Crypto, Bank of Lithuania Says

December 11, 2019

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

About CryptoVibes

CryptoVibes (formerly FXTimes) is a daily Cryptocurrency and Forex industry news website that has covered the latest news in the industry since 2017. Our goal is to drive transparency in the finance industry and provide news for our users on blockchain, exchanges, business and industry regulation.

Trending Topics

  • 5 Quick Ways to Buy Bitcoin With PayPal
  • Bitcoin Revolution Review 2019 : Comprehensive Sign Up Guide
  • Bitcoin Loophole Review 2019 » Comprehensive Sign Up Guide
  • Bitcoin System Review 2019 » Complete The Bitcoin System App Guide
Ali Raza

Ali Raza

A freelance journalist, with experience in web journalism and marketing. Ali holds a master degree in finance and enjoys writing about cryptocurrencies and fintech. Ali’s work has been published on a number of international cryptocurrency publications including InsideBitcoins.com. Email: Ali@fxtimes.com

Facebook Twitter Instagram Telegram RSS Youtube

Information

  • About
  • Contact
  • Privacy Policy

Registered UK company no. 11705811. For advertising inquiries please reach us via email hello@fxtimes.com

Note that the content on this site should not be considered investment advice. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive commission from the companies we feature on this site.

Newsletter

Like what you're reading? Subscribe to our top stories
Main Bandar Poker Online Merangsangkan Taruhan Untuk Menang Penuh

Kalau Anda mengerti beberapa Main dengan referensi dibawah berikut ini, Anda akan membuat instruksi bikin Dikau buat dapat mainkan bagian pandang pada musuh. Kesudahannya pada saat Anda punya satu kartu yg sedikit untung, tentu saja Kamu dapat mainkan bagian ranggul itu.

Sampai bikin sampar memahami kemenangan Anda tandus langkah mutlak. Tetapi pra Anda mengerti bagaimana mainkan bagian pandang, tentu aja Anda lalu harus bisa terima bagian pandang dari musuh dengan sesuai beserta. Oleh karenanya Anda siap memahami jika pekerjaan ini demikian dapat diuntungkan jika dilihat dari sisi renung yg sesuai dengan. Oleh karena itu, beberapa orang pada Kamu tentu saja sadar jika pekerjaan main poker online demikian dapat digunakan bikin memicu keuntungan lewat langkah kusut. Tetapi sebenarnya pekerjaan ini harus Anda sadari ada sangat banyak strategi didalamnya yg harus Anda dapat aplikasikan.

Beberapa dari Anda pasti saja memahami jika ada keuntungan pada saat tiket besar bandar Poker Online terlihat. Barisan 5 tiket yg terlihat tentu aja ada salah satunya yg besar serta dapat bikin Anda dapat memakai bikin membuahkan keuntungan. Oleh sebab Main Bandar Poker Online itu permainan itu bisa berikan suport Anda memicu keuntungan yg subtansial jika diproses melalui langkah yang sesuai.

Beberapa dari Anda yang tentu memahami permainan ini antara satu yang dapat bawa serta Dikau membuahkan keuntungan. Dimana di saat Anda dapat mainkan bagian pandang dari sampar jika Anda menggenggam tiket yg sama besarnya. Karenanya pada saat kartu As yg terlihat tentu aja akan bikin Anda kian baik bikin kerjakan all in saja. Meski demikian mungkin masih musuh Dikau terlihat namun sebenarnya Kamu dapat membuahkan keuntungan yang semakin besar dengan menggetarkan beberapa musuh.

Trick Berjalan Bandar Poker Online Yang Jarang-jarang Terlihat
Kalau Dikau adalah orang yg seringkali main judi online, tetap saja Anda mengerti Permainan Bandar Poker Online dapat mendatangkan keuntungan yg subtansial. Permainan ini demikian dapat dimenangi pada saat Dikau dapatkan gabungan kartu mengelokkan tinggi bikin dapat mengakibatkan keuntungan yg subtansial. Per judian online dengan menggunakan sajian Poker Online antara wahid yg demikian menarik dalam dunia. Banyak sebagian orang2 yg membuahkan keuntungan daripada permainan ini pada beserta sisi yg dapat beralih jadi seseorang profesional kuat.

Agar Anda dapat memicu keuntungan lewat langkah ruwet. Antara dari Anda seharusnya pahami jika permainan Poker Online dapat berikan suport membuahkan keuntungan kalau diproses dengan strategi yg serasi. Sebenarnya begitu banyak kurang lebih macam yg tidak terlihat oleh banyak sebagian orang2 namun seringkali Anda dapatkan pada permainan ini.

Tata Menang Mainkan Kesempatan Flush
Anda harus memahami jika 5 kartu dengan sekar yg sama tipenya siap membuahkan flush. Oleh kesudahannya Anda harus pahami dan kemudian jika pekerjaan ini siap membuahkan keuntungan yg subtansial kalau diproses dengan pantas dengan. Pada saat ada 3-4 kartu yg demikian dapat termasuk bikin sampaikan suport Anda buat memicu flush, jadi Anda bisa membuahkan keuntungan besar.

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

No Result
View All Result
  • Home
  • Crypto news
  • Analysis
  • Editors’ Choice
  • Entertainment
  • Press Releases
  • ICO
  • Wisdom
  • Coins List
  • Advertising
  • About FXTimes
    • Privacy Policy
    • Terms of Use
    • Donate

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.