On Friday, February 9, , Italian cryptocurrency exchange BitGrail announced that “internal checks revealed unauthorized transactions which led to a 17 [XRB] shortfall, an amount forming part of the wallet managed by BitGrail.” The shortfall when reported was allegedly worth $ and has presumably rendered BitGrail insolvent, despite the fact that the other wallets and currencies that the exchange has were purportedly untouched.The 9:30 p.m. UTC announcement by the Florence-based exchange gives some cause for circumspection. The founder of the exchange, Francesco “The Bomber” Firano, fired off salvos on Twitter in defense of the loss. His …

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