Police in Australia are pursuing a criminal investigation into a company swiping cryptocurrency using a software backdoor after a business deal went bad. Experts say the case highlights many of the risks around using cryptocurrency, an emerging market area that is rife with scams. Since bitcoin launched in 2009, the cryptocurrency space has rapidly expanded, and there are at least 2,000 projects centered around virtual tokens or currencies. Soarcoin is based on a blockchain-based platform that allows for the issuing of virtual tokens and hosting of smart contracts.”]
Source: https://www.cuinfosecurity.com/exclusive-aussie-firm-loses-66m-to-backdoored-cryptocurrency-a-11057