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Billions in cryptocurrency wealth wiped out after hack

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A cyberheist at a little-known virtual currency exchange helped wipe billions of dollars off the value of bitcoin and other digital currencies. The price of bitcoin slumped more than 7% after South Korea's Coinrail announced that it had been targeted by cyberthieves. In a statement Monday, the exchange said that it had a suffered a security breach in which hackers stole about 30% of its virtual currencies. Coinrail said it had temporarily suspended trading in digital currencies and was fully cooperating with investigators to try to track down the missing funds. The exchange did not disclose the value of tokens stolen. The theft was of less well-known cryptocurrencies rather than bitcoin itself. South Korea has emerged as a hotbed for trading in virtual currencies over the last year. Coinrail is one of its less-well-known trading platforms. Still, the news sent shock waves through virtual currency markets. As well as bitcoin, prices for other commonly traded digital c
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Why Nigeria’s elite are angry with Buhari – Presidency

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The Presidency on Sunday said President Muhammadu Buhari had not been in the good reckoning of a vocal section of the country’s elite because of his performance in office. The Senior Special Assistant to the President on Media and Publicity, Garba Shehu, stated this in an opinion titled “June 12 tsunami and the ones who won’t forgive Buhari” made available to journalists in Abuja. Although Shehu did not mention names, former President Olusegun Obasanjo has been in the forefront of the anti-Buhari campaign, asking the President not to seek re-election over alleged non-performance. Only on Friday, Obasanjo claimed that the President was planning to move against him because of his anti-government stand. Shehu said the unnamed elite ganging up against Buhari knew that they would lose once a corruption-free governance was put in place and economic growth was guaranteed as the President was doing. Shehu said, “In normal times, even before the shocking master stroke honouring Abi
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''Count me out of Offa bank robbery saga'' Kwara state governor Abdulfatah Ahmed replies police

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Kwara State Governor, Abdulfatah Ahmed, has denied police allegations indicting him in the Offa bank robbery saga, saying he has never sponsored, funded or supported political thuggery.  In a statement issued by his Senior Special Assistant on Media and Communication, Muyideen Akorede, this evening, the Governor described the allegations as false and baseless.  The statement in part reads “Kwara State Governor, Alhaji Abdulfatah Ahmed denies the allegations of supporting political thuggery or any other acts of criminality as alleged by the Nigeria Police or the suspects allegedly arrested in connection with the tragic Offa robbery. Neither has he at any time funded or provided arms to any individual or group in the state or anywhere in the country. To set the records straight, the Kwara State Government has a well-known empowerment scheme under the Small And Medium Enterprises platform which is used to move women and youths groups into entrepreneurship. Consequently, several
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