2 Engineers at Encryption Quantity Firm Kronos Research Sentenced for $1.4 Million Losses in Code Tampering

08/27 02:45

On August 27th, two engineers from the cryptocurrency quantitative company KronosResearch tampered with the code used to test and predict virtual currency investments, because they were dissatisfied with not receiving a bonus. This caused the company's investment decisions to not receive the optimal combination, resulting in a loss of $1.4 million. After a trial in Taipei, the engineer with the surname Chen was sentenced to 8 months in prison and a fine from YiKe, while the engineer with the surname Xu was sentenced to 10 months in prison and a fine from YiKe (Note: YiKe fine, also known as a monetary penalty, is a system where the original sentence can be replaced by paying a fine).

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