The cryptocurrency exchange BitGrail, hat has been hacked back in February, is now in the news again because an Italian court decided to seize all bitcoin wallets that belong to the platform. These funds will be used to pay the users for the funds lost.
BitGrail Wallets Seized
The information has been released by the company in a statement uploaded to its website on June the 15th. They explain that their bitcoin wallets are now in control of the Tribunal of Florence.
The company explained:
“On June 5, 2018, pursuant to the Tribunal of Florence orders, the Bitcoins contained in the company’s wallets were seized and brought under control of the judicial authorities pending further Court decisions in the pre-bankruptcy proceeding.”
Back in February, the exchange lost 17 million XRB coins, which later change their name to NANO. The hack produced losses for about $195 million dollars to crypto investors. This created a terrible situation for the exchange that couldn’t still be solved. 
According to NANO’s developers, the exchange had a bug that allowed hackers to steal all their funds. But Francisco Firano, the founder of the platform, accuses the team behind Nano for all the problems the exchange had with the attack.
“To date, all reliable evidence we have reviewed continues to point to a bug in BitGrail’s exchange software as the reason for the loss of funds,” explained the Nano Foundation in April.
Earlier in May the exchange tried to start operating again in order to gather funds and pay the users for the problems they had. But the company was forced to shut down operations again.
Because of this, the founder accused the community not to let it recover funds and pay those users who lost their funds during the attack. Instead, now is moving towards bankruptcy.
Other important hacks took place during this year, and all of them with negative consequences to the market. We can mention Coincheck’s hack, in which NEM tokens where stolen in Japan, and one of the latest suffered by Coinrail, that lost an important amount of tokens from Initial Coin Offerings (ICOs).
