By Aaron - Crypto Investor - 31-12-2021
As developing, trading and buying crypto assets continue to grow, the more we begin to see crypto thieves. By all means, theft in the crypto industry doesn’t occur as often as people are lead to believe, this is because many cryptocurrency exchange platforms are always increasing their security. That being said, there are hackers that search carefully for any holes in the systems in which they are able to access. Some companies even welcome hackers and pay them if they find any bugs in order to strengthen their cyber boarder. However, in this article today, Non-Fungible Token (NFT) marketplace, OpenSea, has witnessed a $2.28 million theft between Mutant Ape Yacht Club and Bored Ape Yacht Club NFT collections.
According to reports, OpenSea has had to freeze 16 Bored Ape and Mutant Ape NFTs in total. Seven from Mutant Ape, one from Clonex, and eight from the Bored Ape Yacht Club. Due to OpenSea having to freeze the assets, investors can no longer buy the tokens on the marketplace. The total amount stolen was 615 ETH (Ethereum) which bring it to around $2.28 at the time of theft. Reportedly, the news ties with an account with the username toddkramer.eth, more specifically, an account that the NFT community are hostile towards. Many of those that buy crypto art pieces know to dislike people like Kramer as they typically sell stolen NFTs. It turns out, the 16 missing NFTs were taken from Kramer’s hot wallet.
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Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards