Trade.io confirmed via their Medium blog that someone or some entity gained access to the assets, resulting in over 50 million in Trade (TIO) tokens being stolen from the firm’s cold storage wallets. The 50 million tokens are valued at $7.5 million at the current $0.15 price per TIO. The ongoing investigation has revealed that some of the TIO tokens had made their way to cryptocurrency exchanges Bancor and Kucoin. Kucoin has suspended TIO transactions, while Bancor has permanently removed TIO.
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