Tagged: hack

September 20, 2018 @ 12:05 pm By Cali Haan  |  

Hackers have used the EOS cryptocurrency platform’s own token-generating service to create a knock-off “EOS” token then steal about $58 000 of real crypto from users of the “decentralized” crypto exchange Newdex, The Next Web reports. Newdex reportedly issued a statement confirming the hack: “EOS account oo1122334455 issued 1,000,000,000 fake… Read More

August 25, 2018 @ 9:51 am By Cali Haan  |  

Internet security firm Kaspersky Lab has claimed that hackers with possible ties to North Korea have struck against an unnamed crypto exchange using malware targeting macOS. Kaspersky lab attributes the latest hack to the Lazarus hack group. According to Wikipedia, the Lazarus Group earned its… Read More

August 10, 2018 @ 10:35 am By Cali Haan  |  

Hackers with poor spelling annoyed one of the world’s largest golf promoters this week by seizing some relatively benign files and demanding a bitcoin ransom for their return, Golfweek reports. On Tuesday, staff at the Professional Golfer’s Association of America  (PGA) tried to access computer… Read More

August 9, 2018 @ 11:56 am By JD Alois  |  

Another day, another crypto hack. About two weeks ago, KICKICO revealed that 70 million KICK tokens had been pilfered by a hacker at a value of around $7.7 million – peanuts in the ICO hacking space. On July 26th, KICKICO said the security breach had… Read More

August 8, 2018 @ 9:33 am By Cali Haan  |  

Relatively loose Japanese laws designed to facilitate the use of cryptocurrencies at the retail level will soon be revised to reflect their actual use as speculative investments, Japan Times reports. Initial laws enshrined in April 2017 made Japan was one of the first powerhouse economies… Read More

July 14, 2018 @ 1:06 pm By Cali Haan  |  

The grand jury indictment filed in Washington Friday by the Mueller team claims multiple units of Russian spies used bitcoins in, “large-scale cyber operations to interfere with the 2016 U.S. presidential election.” Although cybersecurity experts recently warned the US Senate Subcommittee on Crime and Terrorism… Read More

July 3, 2018 @ 3:00 pm By JD Alois  |  

ThetaRay, an AI and big data analytics in the cyber crime prevention space, has closed on a funding round of $30 million. The round was said to be “significantly oversubscribed” with investors like Jerusalem Venture Partners (JVP), GE, Bank Hapoalim, SVB Investments, OurCrowd,  and others joining… Read More

July 1, 2018 @ 10:50 pm By JD Alois  |  

Digital challenger bank Monzo reported on Friday that Typeform, a company they have utilized for user surveys, experienced a data breach that impacted some of their users. Tom Blomfield, CEO of Monzo, published a post on the Monzo blog outlining the attack. Monzo was quick… Read More

May 9, 2018 @ 7:41 pm By JD Alois  |  

Digital Currency Dash CEO Ryan Taylor has been hacked. According to a statement released by Dash reps Taylor was the target of a concerted attack that impacted not just his Twitter account but LinkedIn and perhaps his cell phone too. Taylor released the following statement;… Read More

April 26, 2018 @ 8:43 am By Cali Haan  |  

The cofounders of Parity.io, a company that lost or lost access to nearly half a billion dollars of client funds last year, have stated in a blog post today that they are “deeply sorry” and have no intention of forking the Ethereum blockchain to recover… Read More

March 8, 2018 @ 3:59 pm By JD Alois  |  

The Binance team says protecting the security of trading on their exchange has always been their highest priority and today they have some real-world proof. According to an update from the Cryptocurrency exchange, their automatic risk management system kicked in when nefarious characters attempted to… Read More

February 13, 2018 @ 7:32 am By JD Alois  |  

BitGrail, the Italy-based cryptocurrency exchange that experienced a theft of 17 million NANO (XRB) – about $153 million at current exchange rates, has posted an update today regarding the hack. The good news for users of the exchange is Bitgrail states all other cryptocurrencies reman… Read More

February 11, 2018 @ 2:56 pm By JD Alois  |  

Bitgrail is the next cryptocurrency exchange to experience an unfortunate hack – an event that highlights profound problems within the exchange space as cyber security continues to fall short. According to a post on the Bitgrail website, the company said internal checks revealed “unauthorized transactions which… Read More

January 28, 2018 @ 8:49 am By JD Alois  |  

Following the enormous theft of 523,000,000 XEM (NEM), Japan based cryptocurrency exchange Coincheck has announced it will reimburse all impacted investors. At current exchange rates, this means Coincheck will need to pay out over USD $523 million to the estimated 260,000 impacted users. At the time… Read More

January 27, 2018 @ 7:39 am By JD Alois  |  

Numerous reports are indicating leading cryptocurrency exchange Coincheck has experienced a serious security breach. Estimates indicate that over $530 million in digital currency may have been stolen or about 58 billion yen of the virtual currency. Coincheck, based in Tokyo, has reported the “illegal outflow… Read More

December 7, 2017 @ 9:10 am By JD Alois  |  

It is quickly becoming a regular occurrence that a crypto exchange or wallet is hacked and unsuspecting users see their Bitcoins plundered. Yesterday, NiceHash had not so nice news as approximately $70 million in crypto was stolen. In a painful tweet, NiceHash shared the news;… Read More

November 21, 2017 @ 6:19 pm By JD Alois  |  

Tether, a company that is “Bringing real-world currency to the Blockchain” has been robbed of $30,950,010. The company is truly experiencing a real world currency issue as the money was stolen by an attacker and management is currently in the process of attempting to retrieve… Read More

November 17, 2017 @ 4:03 pm By JD Alois  |  

Cappassity CEO Kosta Popov, who is gearing up for the ARToken ICO, has published a blog post that hammers Parity for its tepid response following a hack that froze possibly $300 million in Ethereum. The hack was revealed in early November when it became known that… Read More

November 15, 2017 @ 8:51 am By JD Alois  |  

Parity has taken a breather from its “all hands” call that went out last week when a nefarious character under the username of “devops199” destroyed the Parity library that blocked 587 wallets holding 513,774.16 ETH and a few other tokens. The vulnerability that devops199 uncovered allowed… Read More

November 9, 2017 @ 3:29 pm By Amy Wan and Daniel Rice  |  

Well, here we are again. On November 6, Parity encountered yet another failure, and the result? Reportedly, some $150 to $300 million dollars worth of Ether (we are hearing conflicting reports as to how much ETH has been frozen) is locked down, and we’re hearing… Read More