Posts in category

Hackers


Ethereum code editor Yoichi Hirai has resigned from his position following personal concerns that an Ethereum Improvement Proposal (EIP) over a standardized format for lost fund recovery would potentially violate Japanese law. Hirai both tweeted his resignation as well as posted a more dramatic explanation of his reasons for resigning on Github: “My blood pressure …

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All eyes are on Japanese cryptocurrency exchange Coincheck in the aftermath of what has become the biggest hack in virtual currency history – eclipsing the Mt. Gox hack of 2014. According to Reuters, Coincheck delivered its report to Japan’s Financial Services Agency (FSA) on Tuesday, Feb. 13 on the hack in January which saw more …

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Cointelegraph talked to Francesco Firano, CEO of BitGrail, the Italian exchange apparently hit by a cyber attack that would have caused the loss of a considerable amount of Nano tokens (formerly known as Raiblocks). BitGrail froze trading on Thursday, Feb. 8. The exchange stated that 17 mln Nano had been stolen in the hack, an …

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For more than 24 hours, Binance, the world’s largest cryptocurrency exchange, was down due to a server issue. On Feb. 9, Binance resumed trading after successfully rebooting its server. Binance hack rumors refuted John McAfee, a security expert and a well-known public figure in the cryptocurrency space, continued to fuel controversy around Binance and rumors …

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Suspicion is growing around Italian cryptocurrency exchange BitGrail after its owner seemingly asked for a coin’s ledger to be changed after the exchange reported funds were missing Thursday, Feb 8. BitGrail, a lesser-known exchange in the cryptocurrency space, reportedly suffered losses of one of its hosted tokens, Nano (formerly known as Raiblocks), subsequently freezing trading. In …

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The hackers who stole approximately $530 mln worth of NEM coins from the largest Japanese cryptocurrency exchange Coincheck on Jan. 26 are now moving some of those coins to different addresses, NEM Foundation vice president Jeff McDonald told Reuters on Tuesday, Jan. 30. According to Reuters, NEM Foundation managed to detect that hackers began sending …

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Thanks to Blockchain applications like Ethereum, initial coin offerings have become part and parcel of the cryptocurrency world. As businesses integrate innovative ideas with Blockchain technology, they’ve been able to raise a large amount of capital through initial coin offerings (ICO) – much like companies that list themselves on stock exchanges in an initial public …

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This week, $534 mln worth of XEM, the native cryptocurrency of NEM, was stolen from a major Japanese cryptocurrency exchange Coincheck. On January 27, merely hours after the hacking attack was announced, developers behind NEM created an automated tagging system to track down the funds stolen by hackers. Stolen funds will be traced As Cointelegraph …

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Japanese cryptocurrency exchange Coincheck, one of the largest in the country, was the victim of a massive hack resulting in a loss of 523 mln NEM coins, worth approximately $534 mln. The coins were stolen via several unauthorized transactions from a hot wallet at 3:00 am local time on Friday, Jan. 26. Following the hack, …

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US cybersecurity firm Recorded Future has released a new report linking Lazarus, a North Korean hacking group, to various South Korean cryptocurrency exchange hacking attacks and security breaches. In a report entitled “North Korea Targeted South Korean Cryptocurrency Users and Exchange in Late 2017 Campaign,” the firm’s researchers stated that the same type of malware …

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A DNS hijack has led to hackers withdrawing $400,000 worth of Stellar Lumen (XLM) coins from wallets hosted by Blackwallet.co without users’ permission. As multiple sources report, on Saturday, Jan. 13, attackers took control of BlackWallet’s hosting server, changing settings to allow code to run which automatically sent customer balances over 20XLM to an address …

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One of the biggest drawcards for the cryptocurrency market as an investment opportunity has been its openness and lack of prejudice. Anyone with access to the Internet can buy a crypto asset, and in most cases, see it grow exponentially. It is investing like never before seen, breaking with a number of traditional norms, but …

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Cryptocurrency wallet MyEtherWallet (MEW) has told Cointelegraph that rumors about it being hacked are “FUD” and “a stupid lie.” In a private message today, Jan. 9, the wallet provider categorically denied accusations circling on social media that hackers had gained access to their DNS, creating a phishing scam to gather login data. The rumors that …

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A man’s life savings disappeared from a Ledger brand Nano hardware wallet after Reddit user moodyrocket purchased the wallet second-hand on eBay. The stolen coins amount to over $34,000. According to posts on Reddit, the seller of the wallet utilized a ‘man in the middle’ attack, inserting his own recovery seed rather than the random …

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Researchers have published a report on two hardware bugs that allow programs to steal sensitive data on affected devices, which is “most” devices worldwide. For crypto users, these bugs are a direct threat to the security of their private keys, making the need for secure hardware storage of crypto funds even more pressing. How do …

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Cybersecurity Expert John McAfee has warned of advances in hacking methods after his personal Twitter account was hijacked to promote a number of alternate cryptocurrencies last week. The founder of computer security company McAfee had regularly been posting a ‘Coin Of The Day’ review on his Twitter page. The hackers gained access to his account …

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Earlier this week, major South Korean Bitcoin exchange Youbit suffered a large-scale security breach that led to the theft of one fifth of user funds. Almost immediately after the hacking attack, Youbit’s parent company Yapian filed for bankruptcy. In an official statement, the Youbit team told its users that 75 percent of their holdings on …

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South Korean media outlet MBC has hired a security firm to test the security setup of “five Korean Bitcoin exchanges,” including Bithumb. The company has allegedly been able to successfully hack into all five of the targeted platforms, receiving access to user data and funds. As the network reports in an article, it published about …

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Yesterday evening, cryptocurrency exchange EtherDelta sent out a series of tweets warning its users not to use the site. EtherDelta is reporting that they believe their DNS server has been compromised by a hack, and the unknown assailant has created a duplicate of the exchange’s domain. Their first warning tweet in the series reads: Dear users, …

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CrowdStrike CEO George Kurtz has told mainstream media that North Korea is “absolutely” stockpiling Bitcoin to launch cyber attacks. Speaking to CNBC amid a flurry of reports the rogue state is using cryptocurrency to launch attacks on South Korea in particular, cybersecurity expert Kurtz said there was no need to doubt that it is “amassing” …

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