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The IOTA network has been down for approximately 11 days and the IOTA Foundation doesn’t expect the mainnet to be reactivated until March 2. On February 14, our newsdesk reported on the beginnings of the IOTA outage, when the network status page indicated that it was down. The page still warns IOTA’s mainnet is “not … Read more
The recent incident affecting the IOTA network still leaves many people surplussed. A full incident report has finally come to light, which puts things in their proper perspective. It is rare for a cryptocurrency network to be halted completely. Documenting the IOTA Network Hack This is especially true when it comes to developers causing this … Read more
The latest status update from IOTA in response to a recent hack indicates Trinity Wallet users are vulnerable Go to Source Powered by WPeMatico
The cryptocurrency industry is still reeling from the recent IOTA incident. It now seems a bit more information is becoming available. The Trinity wallet so many IOTA users rely on has indeed been affected by a bug. IOTA Network Issues Aren’t Over yet All users utilizing this software between mid-December 2019 and mid-February 2020 will … Read more
The IOTA Foundation releases new Trinity wallet as part of its remediation plan, but network coordinator is still on hold Go to Source Powered by WPeMatico
It is rather uncommon for a cryptocurrency network to grind to a halt. In the case of IOTA, the Foundation somehow managed to shut down the Tangle due to an incident. When developers or a Foundation can “pause” a network, there is something amiss. The IOTA Network can be Paused The core concept of cryptocurrencies … Read more
On February 13, the IOTA network came to a screeching halt and the IOTA Foundation reports that $1.6 million worth of the native currency was stolen. The following day, the IOTA network status page still shows the mainnet is “not operational” and the development team has found an “exploit related to the Trinity Wallet.” Also … Read more
Multiple IOTA holders have reported missing funds, in possible conjunction with Trinity wallet usage Go to Source Powered by WPeMatico
A former lead developer and co-founder of IOTA, Sergey Ivancheglo, threatened IOTA Foundation director David Sønstebø with a lawsuit over 25 million IOTA, worth nearly $8 million Go to Source Powered by WPeMatico
Cryptocurrency markets and the industry are extremely competitive and many users believe a single digital asset will reign someday, and that it may not be BTC. Over the last few years, many holders believe the assets they hold are bitcoin contenders with coins like IOTA, EOS, ADA, XRP, and XLM being popular choices. However many … Read more
