Cryptocurrency Q&A
What happened to Aurum crypto?
What happened to Aurum crypto?
CryptoAce
Tue Aug 20 2024
|
5 answers
864
I'm curious, could you provide some insight into the recent developments surrounding Aurum crypto? There seems to be a lot of buzz around it lately, but I'm not quite sure what exactly transpired. Did Aurum experience any notable price fluctuations? Were there any significant partnerships or collaborations announced? Additionally, are there any regulatory issues or concerns that investors should be aware of? Your expertise in the field would be invaluable in shedding some light on this matter.
5 answers
Martina
Thu Aug 22 2024
The Aurum coin (AU) network recently suffered a significant security breach in the form of a 51 percent attack. This attack resulted in the loss of a substantial amount of AU coins from Cryptopia's wallet, specifically 15,752.26 AU.
Was this helpful?
133
33
Ilaria
Thu Aug 22 2024
The Aurum coin network operates on an open-source and decentralized principle, similar to the Bitcoin network. This means that no single entity is responsible for the security of the network or the safety of users' funds.
Was this helpful?
107
51
PhoenixRising
Thu Aug 22 2024
The 51 percent attack is a type of attack where an attacker gains control of more than half of the network's hashing power. This allows them to manipulate the blockchain, potentially reversing transactions and double-spending coins.
Was this helpful?
157
58
Margherita
Thu Aug 22 2024
Cryptopia, the exchange where the AU coins were stolen from, is a popular platform for trading various cryptocurrencies. However, the incident highlights the risks associated with storing funds on centralized exchanges.
Was this helpful?
207
59
Daniela
Wed Aug 21 2024
BTCC, a leading cryptocurrency exchange, offers a range of services to its users, including spot trading, futures trading, and a secure wallet solution. By providing these services, BTCC aims to provide a safe and reliable platform for traders to buy, sell, and store their digital assets.
Was this helpful?
260
32
