Bitcoin Daily: Twitch Reactivates Bitcoin Payments; Hackers Steal $4M In Crypto From Singapore Exchange

Bitcoin Daily

Game streaming platform Twitch, which is owned by Amazon, has reportedly reinstated bitcoin and bitcoin cash (BCH) payments again.

The platform had removed the two digital currencies as payment options for subscriptions in March when it got rid of Bitpay, according to Cointelegraph. But now Bitpay has been enabled again on the platform, where it can be found in the section for less common payment methods.

In other news, Singapore-based cryptocurrency exchange Bitrue announced that it has been the victim of a hack which stole around $4.2 million in user assets.

The platform revealed on Twitter that the breach was discovered at around 1 a.m. local time Thursday (June 27). Hackers took 9.3 million XRP, worth $4.01 million, and 2.5 million cardano (ADA), worth $231,800, from the platform. Luckily, users funds are insured and anyone who lost cryptocurrency would be refunded.

“First of all, please let us assure you that this situation is under control, 100% of lost funds will be returned to users, and we are reviewing our security measures and policies to ensure this does not happen again,” Bitrue tweeted, according to CoinDesk.

“A hacker exploited a vulnerability in our Risk Control team’s 2nd review process to access the personal funds of about 90 Bitrue users. The hacker used what they learned from this breach to then access the Bitrue hot wallet and move 9.3 million XRP and 2.5 million ADA to different exchanges,” it explained.

And another Indian crypto platform bites the dust: Koinex has announced that it has shut down its platform “after months of uncertainty and disruption.”

“The last 14 months have been tough to operate a digital assets trading business in India because of the closure of bank accounts holding user deposits. We took on immense financial burden to continue trading of digital assets and allow law-abiding Indians to participate in the decentralized revolution that has swept across the globe. Multiple delays by the government agencies in clarifying the regulatory framework for cryptocurrencies — despite our pending writ petition in the Supreme Court of India — coupled with regular disruption in our operations. The final decision has been taken after duly considering all the latest developments in the crypto and blockchain industry in India. We have stayed away from disclosing details to the public in the larger interest of mindfully steering the industry towards positive regulations, but unfortunately we’re not too hopeful that things will change for the better in the near future,” Koinex CEO Rahul Raj wrote in a blog post.


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