Tagged: hack

Digital Banking Platform Revolut Explains why Cyber Insurance has Become Necessary for Internet Firms with Cyberattacks on the Rise

Public liability, professional indemnity and employers liability are no longer adequate when it comes to protecting your company or business. But there are certain covers available that could secure your company further, according to a blog post published by Revolut. The leading digital banking platform… Read More

Coinbase Security Team Shares Tips to Avoid Crypto related Phishing Attacks, SIM Swapping Tactics, and Damaging Security Breaches

Digital asset exchange Coinbase notes that its Security team regularly monitors the safety of its trading platform and customers’ funds. The US-based exchange also keeps a close eye on security threats and “abuse trends” affecting the larger crypto-economy. In December of this year, personal information… Read More

YouTube related Cryptocurrency Scams are on the Rise, Gemini Security Team Reveals

The Security team at Gemini Trust Company, LLC (Gemini), a digital currency exchange and custodian, has revealed that they’ve seen a significant increase in the number of crypto-related scams, as virtual currencies continued to gain popularity over the past year. Gemini Security explains that scams… Read More

Bitgrail Operator Either Involved in Huge Crypto Theft or “Knowingly Failed to Prevent” – Report

A Blast from the Past. Bitgrail, a bankrupt crypto exchange that previously operated in Italy, has surfaced in the media once again. Back in 2018 news emerged of a significant crypto theft of around $150 million in Nano (XRB). At that time a post on… Read More

Bitcoin focused Casa’s Head of Security Shares Tips to Protect Data and Digital Identity from Damaging Hacks and Security Breaches

Ron Stoner, a crypto-security expert and newly appointed Head of Security at Casa, a company focused on developing security and custody solutions for Bitcoin (BTC), notes that we’re living in a world that heavily depends on “the connectivity between our physical and digital identities.” Stoner,… Read More

Crypto Wallet Provider Ledger Hacked: Customer Database Said to be Compromised

Ledger, a crypto wallet provider based in Paris, France, has apparently experienced a security breach according to a tweet from the company. Ledger stated yesterday that they have been alerted to the dump of a customer database on Raidforum. The company said that it is… Read More

Over $8 Million in Cryptocurrency Tokens Stolen from Nexus Mutual Founder Hugh Karp’s Personal Account: Report

On December 14, 2020 (at 09:40 am UTC), CertiK Skynet discovered a very large transaction from Hugh Karp, Founder of Nexus Mutual, a “people powered” alternative to insurance built on Ethereum, which transferred 370,000 NXM tokens to an unknown cryptocurrency account. The total value of… Read More

Dr. Amrit Kumar: President at Zilliqa Explains How Platform’s Scilla Smart Contract Language Is Used to Develop Secure Applications

We recently caught up with Dr. Amrit Kumar, President and Chief Scientific Officer of Zilliqa, an enterprise-grade blockchain development platform. Many of the more popular iterations of blockchain are not sufficiently robust to handle the high transaction rates needed today – not to mention what… Read More

Web 3.0 Projects Mysterium Network and Sentinel Form Alliance to Protect Users from Data Hacks, Cybercrime, Surveillance Activities

Web 3.0 related projects Mysterium Network and Sentinel have established an alliance that will focus on protecting Internet users from data hacks, cybercrime, and excessive surveillance activities while they’re conducting activities online. According to a release, the new “decentralized” VPN (dVPN) alliance is currently open… Read More

Robinhood Confirms that “Limited Number” of Customer Accounts were Compromised

Robin Hood

Robinhood, a modern trading platform that offers both traditional securities as well as cryptocurrency trading options, has confirmed that a limited number of its customer accounts were targeted by cybercriminals. However, Robinhood clarified that its service platform itself was not compromised. Hackers reportedly managed to… Read More

Chainalysis Reveals how KuCoin Hackers Used DeFi Platforms Uniswap, KyberSwap to Move $275+ Million in Stolen Cryptocurrency

Chainalysis, a leading blockchain analysis and security firm, has provided an update regarding the recent KuCoin exchange hack, which led to around $280 million in digital assets being stolen (according to estimates confirmed by many industry participants). Chainalysis noted that on September 25, 2020, hackers… Read More

Ocean Protocol Devs Perform Hard Fork Following KuCoin Hack, Leading to $150 Million in Losses, including $8.6 Million in OCEAN Tokens Stolen

Fork

The developers of the Ocean Protocol, which allows software engineers to build marketplaces and other apps to privately and securely publish, exchange, and consume data, confirmed (on September 28) that on September 27, 2020, the Ocean Protocol Foundation had initiated a hard fork or backward-incompatible… Read More

Gunning for Hackers: Ethereum Classic Labs to Pursue Criminal Charges Against Perps Involved with Recent Attack on Ethereum Classic Blockchain

Ethereum Classic Labs (ETC Labs), the core developer and organization for the Ethereum Classic (ETC) blockchain, has partnered up with crypto-sleuth firm CipherTrace and Kobre & Kim to uncover the individuals involved in the recent attacks on the Ethereum Classic blockchain. According to a release,… Read More

17 Year Old Teen Arrested, Said to be Perp of Twitter Hack and Bitcoin Con

  A 17-year-old teenager in Hillsborough County, Florida has been arrested in relation to the high profile Twitter (NYSE:TWTR) hack that recently occurred. Hillsborough county where Tampa is located.   BREAKING: Hillsborough State Attorney @AndrewWarrenFL announces arrest of 17-year-old Graham Ivan Clark in “Bit-Con” hack… Read More

Fintech and Digital Banking Provider Dave Suffers Security Breach, User Data Compromised but No Financial Losses, Company Claims

Dave.com, which aims to be the finance version of David and Goliath taking on the big banks and “helping millions with money challenges,” has confirmed that a security breach took place on its platform. Dave, which claims to have “reinvented” many areas of traditional finance,… Read More

Twitter Hack – Security Researcher Points to Notorious Sim Swap Fraudsters

Twitter continues to dig through the rubble following the epic Twitter hack that saw approximately 130 high profile Twitter accounts hijacked with Tweets distributing a Bitcoin trap for the unsuspecting. Thank you for your continued patience and understanding while we investigate this incident. We’ll continue… Read More

In the Twitter Hack, Bitcoin Was Stolen, but at BTC Transactions are Traceable

The dust is yet to settle in the Twitter (NYSE:TWTR) hack that saw multiple high profile accounts hacked. Twitter continues to dig through the breech and earlier today, Twitter provided some additional insight as to how the individual was able to exploit the platform. Tough… Read More

Over $3 Million in Bitcoin (BTC) Stolen from Crypto Exchange Cashaa Following Recent Hack

UK-based digital asset exchange Cashaa has reportedly suffered a security breach which led to  hackers allegedly stealing over 336 Bitcoins (BTC), an amount valued at just over $3.1 million at the time of writing. Cashaa confirmed that it has suspended all the cryptocurrency-related transfers on… Read More

Coinsquare CEO Responds to Data Breach

Coinsquare, a Canadian crypto exchange, has responded to the reports regarding a “hack” and data breach that apparently revealed data of 50,000 users. As the story goes, Coinsquare was approached by a reporter at Vice that claimed to have seen a sample of the stolen… Read More

SIM Swap Traps BlockFi Too in “Temporary Data Breach”

SIM Swaps, the nefarious act when criminals surreptitiously take over your mobile phone with a different SIM card, hit crypto lending platform BlockFi earlier this month. BlockFi quickly posted an “incident report” outlining the scam: “From approximately 07:17 UTC to 08:43 UTC on May 14,… Read More

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