Posts in category

Hackers


Experts confirmed that all NEM (XEM) coins stolen from the largest Japanese cryptocurrency exchange, Coincheck, have been transferred out of the hackers’ account, reports NHK World March 22. On Jan. 26, hackers stole $530 mln in NEM cryptocurrency from Coincheck. By Feb. 1, the Singapore-based NEM Foundation managed to ascertain that the hackers were moving …

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Over $6.2 mln (662.4 mln yen) of cryptocurrency was lost in 2017 due to fraud and theft, according to statistics released from Japan’s National Police Agency (NPA), local news outlet Nikkei reports today, March 22. This number does not include the over $500 mln hack of NEM from Japanese crypto exchange Coincheck in late January. …

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Cryptocurrency hardware wallet manufacturer Ledger continues to refute claims its devices can be hacked after a teenager compromised them, Ars Technica reports today, March 21. After British 15-year-old Saleem Rashid created code to ‘backdoor’ Ledger’s wallets in November 2017, the company released posts describing the events as “NOT critical” and said possible attacks “cannot extract …

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While Bitcoin may have revolutionized the way we look at transactions and banking, the brief nine-year existence of cryptocurrencies has been checkered with some monumental hackings and thefts. In a constantly evolving space, Blockchain technology is pushing the envelope while battling against attacks from all sides. Unfortunately, criminality is a reality, but there has been some …

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Italy-based cryptocurrency exchange Bitgrail announced that it promises to refund Nano (XRB) tokens stolen in a February hack amounting to $195 mln, so long as users sign an agreement to forgo any legal action, Bitgrail announced March 14. In a press release on its website, Bitgrail said that, “the use of the platform for the …

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Cryptocurrencies, as the product of the digital realm, have always existed in the ether – no pun intended – meaning that physically there was nothing to hold, or to lose/have stolen. The threat for Bitcoin users when it came to getting fleeced of their digital currencies always existed online, leaving savvy investors safe offline. Now …

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Japanese cryptocurrency exchange Coincheck is starting to refund customers that were affected by the Jan. 26 hack of around $534 mln worth of NEM, as well as allowing the withdrawal and sale of certain cryptocurrencies, according to two press releases published today, March 12, on Coincheck’s website. Withdrawals of the following currencies, Ethereum (ETH), Ethereum Classic …

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The Binance cryptocurrency exchange is offering a $250,000 equivalent bounty on the arrest of the hackers involved in the March 7th incident, Binance stated in an announcement March 11. According to the announcement, the first person to supply the information that results in a legal arrest, in any jurisdiction, will receive the bounty in Binance …

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Mt. Gox holds its infamous part of Bitcoin’s history as the once biggest cryptocurrency exchange that went under in a cloud of confusion and anger. February 2014, just over four years ago now, was a worrisome month as the exchange slowly started to capitulate ending in the company filing for bankruptcy. Mt. Gox stated that …

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Hacked Japanese cryptocurrency exchange Coincheck will return stolen funds to customers “by the end of next week,” it announced March 8. According to a blog post quoted by Cointelegraph Japan, Coincheck, which lost $534 mln in NEM tokens to hackers in January 2018, will also seek to reopen its exchange services by the same deadline. …

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The Poloniex cryptocurrency exchange tweeted that they would be undergoing scheduled maintenance on their wallet service on Thursday, March 8, which has extended without comment from the company for over a day. Poloniex stated that the routine maintenance, which could affect withdrawals for certain currencies, would begin around 12:30 p.m. EST Thursday and that wallets …

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North Korean hackers are suspected in a cyberattack on Turkey’s financial sector, as stated in a report released by McAfee March 8. The McAfee Advanced Threat Research team identified an attempt by the hacking group Hidden Cobra to breach the security of Turkish government-backed financial institutions on March 2 and 3. While McAfee policy is …

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The users of the largest crypto exchange by trading volume, Binance, were affected by a hack of third-party software this morning, March 7, resulting in unauthorized transactions being made from their accounts. The CEO of Binance, Changpeng Zhao has since claimed that all users’ funds are safe and the exchange is operating normally. Numerous concerned …

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Users of Binance, the top cryptocurrency exchange in the world by trade volume, are reporting suspicious activity in their accounts stemming from an apparent hack on Reddit, March 7. Binance has stated that the issues stem from third-party tools and that “there is no evidence” of the platform itself being compromised. The only users affected …

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Revered UK Bitcoin developer Amir Taaki wants to recruit five “preferably female” developers to live a “quasi-monastic” lifestyle in order to give Bitcoin a “vision,” Wired reports March 6. In an interview with Wired, Taaki, who is known among the Bitcoin technical community as a central figure in preserving the largest cryptocurrency’s original values, said …

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Researchers at the BIG Blockchain Intelligence Group Inc. have traced some of the $534 mln in NEM (XEM) stolen in the Jan. 26 Coincheck hack to a Vancouver-based crypto exchange, according to their March 1 press release. The Japan Communist Party Central Committee’s newspaper also reported today, March 2, that 24 mln NEM coins from …

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Cloud security intelligence (CSI) firm RedLock has exposed a new case of cryptojacking targeting Tesla’s Amazon Web Service’s (AWS) software container, the RedLock blog reported yesterday, Feb. 20. Hackers accessed Tesla’s AWS access credentials by penetrating a non-password protected Kubernetes software container. The hackers then used the Kubernetes container to mine for cryptocurrencies, for an …

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On February 8 2018, 15 million Raiblocks, the former native currency of the Nano network,  were stolen from Italian cryptocurrency exchange BitGrail.  In order to provide insights into alleged security breach and the theft of more than $150 million USD worth of XRB, Cointelegraph conducted an exclusive interview with Francesco Firano, the founder and operator of …

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The Ethereum Improvement Proposal (EIP) that led to the resignation of an EIP editor over his personal legal concerns has been closed, but an identical proposal has been reopened on Github to relatively negative fanfare. The original EIP proposal #867 was introduced by Musiconomi developer Dan Phifer as an option for how to more easily …

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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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