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On September 22, 2018, Crowd Machine, a blockchain startup aiming to create the world’s first global cloud computing service built on distributed ledger infrastructure suffered a severe hack that targeted the company’s crypto wallet and led to the loss of over 1 billion of its native CMCT tokens. Writing on September 25, the company’s CEO Craig Sproule has finally reacted to the hack with an update on what is being done to control the damage. Based in San Jose, California, Crowd Machine has been hailed as a blockchain-based replacement for Amazon Web Services, replacing the centralized model of cloud infrastructure with a distributed system that has no single point of failure.
The ‘world computer,’ according to the company’s stated intention would not be subject to the control of any single individual or entity, and it was set for launch sometime in Q4 2018. When Saturday’s theft occurred, some commentators accused the company of orchestrating an inside job, an allegation which the company vehemently denies, as it says it is working with law enforcement to unravel the case and recover the stolen assets. Crowd Computer founder and CEO Craig Sproule revealed that the company is currently working with law enforcement agencies who have commenced an investigation into the crime.
The company, he said, is under instruction to refrain from naming the agencies involved in the investigation or any additional information about their activities which could potentially jeopardize the investigation. Going further, he revealed that as part of the ongoing investigation, most crypto exchanges have suspended all CMCT trading pairs and that an arrest has been made in connection with the theft, as the company works to recover the stolen tokens. Advising the general public against potentially buying stolen tokens he said: Concluding, he stated that the company would communicate with the community to confirm when current trading restrictions are lifted.
Join http://crypto-autobot.com/
Join- https://t.me/cryptosignalalert
Join- https://t.me/btctradingclub
https://play.google.com/store/apps/details?id=com.freecryptosignals.app
For more Bitcoin Crypto Currency news Latest Update Crypto Currency Training Auto Trading Crypto BOT & Crypto Trading Signals join above given telegram channel.
On September 22, 2018, Crowd Machine, a blockchain startup aiming to create the world’s first global cloud computing service built on distributed ledger infrastructure suffered a severe hack that targeted the company’s crypto wallet and led to the loss of over 1 billion of its native CMCT tokens. Writing on September 25, the company’s CEO Craig Sproule has finally reacted to the hack with an update on what is being done to control the damage. Based in San Jose, California, Crowd Machine has been hailed as a blockchain-based replacement for Amazon Web Services, replacing the centralized model of cloud infrastructure with a distributed system that has no single point of failure.
The ‘world computer,’ according to the company’s stated intention would not be subject to the control of any single individual or entity, and it was set for launch sometime in Q4 2018. When Saturday’s theft occurred, some commentators accused the company of orchestrating an inside job, an allegation which the company vehemently denies, as it says it is working with law enforcement to unravel the case and recover the stolen assets. Crowd Computer founder and CEO Craig Sproule revealed that the company is currently working with law enforcement agencies who have commenced an investigation into the crime.
The company, he said, is under instruction to refrain from naming the agencies involved in the investigation or any additional information about their activities which could potentially jeopardize the investigation. Going further, he revealed that as part of the ongoing investigation, most crypto exchanges have suspended all CMCT trading pairs and that an arrest has been made in connection with the theft, as the company works to recover the stolen tokens. Advising the general public against potentially buying stolen tokens he said: Concluding, he stated that the company would communicate with the community to confirm when current trading restrictions are lifted.
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