Hack! Trade.io Loses 50 Million TIO Tokens from Cold Wallet

[kreslik.news]

Trade.io, a Swiss blockchain company that advertises itself as a “next-generation financial institution”, has been hacked.

The tokens are worth $11 mil… no wait… $7.5 million

According to an announcement from the firm, 50 million Trade Tokens (TIO), which is the company’s own cryptocurrency, have been stolen. These are worth approximately $7.5 million at the current price, but closer to $11 million at the time of the hack a few hours ago.

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The facts of the announcement are as follows:

1. At 08:40 EST (14:40 GMT), 50 million TIO was transferred from a cold storage wallet belonging ... (read more)