hack

Fcoin Customers To Bear Loss Nearing $125M Worth Bitcoin As Platform Faces Liquidation

Fcoin customers had to wake up a bitter truth today as they realized that the platform which holds their bitcoins faces evident liquidation and that their funds might have been lost in the events preceding such a fold up of business. To some of the customers who seemed to have invested(in enormous sums) all they...
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Ring Cameras Prone To Hack Attacks: BTC Ransom Demanded

The Ring cameras sold by Amazon seem to be extremely vulnerable as reports emerged that hackers demanded bitcoin ransom from users with vulnerable devices as we are reading further today in the Bitcoin news now. Bitcoin is continuously used as a means of extracting payments or blackmailing people in exchange for data. Ransomware attacks happen...
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2,000 Ethereum From Upbit Hack on the Move

Funds from the recent theft from the Upbit exchange are on the move, according to a Whale Alert tweet. A transaction of 2,000 Ethereum shows that the hacker keeps trying to obfuscate the whereabouts of the funds. Ethereum Taken from Upbit Moved to Multiple Smaller Wallets The Upbit hack at the end of November took...
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NiceHash Stops Victims’ Repayment After $80 Million Hack

According to the Pakistani President Dr. Arif Alvi, the nation’s industrial sector must get ready for dealing with the challenge that disruptive technology like AI, blockchain, and IoT, pose. How will he be able to do that, we take a closer look in the blockchain latest news.New technologies are emerging and they are developing across...
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VeChain Loses 1M Coins from Compromised Buyback Wallet 

The VeChain (VET) buyback program, which boosted the token price, was shaken by a recently discovered loss from the central wallet. The most probable cause was an insider gaining access to the wallet’s private keys, or a human error leading to an exploit. Insider Procedure Flaws Led to Theft VeChain reported 1 million coins lost...
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VeChain Buyback Crypto Wallet Hacked of 1.1 Billion VET

Cybercrime is rife across the crypto industry, ranging from SIM-card swap hacks, phishing attempts, password cracking, and even cryptocurrency mining malware. Today, the altcoin project known as VeChain experienced that first hand.The project’s buyback wallet containing a substantial amount of VET tokens was hacked, and the VeChain Foundation is now hard at work doing their...
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15 Million Debit Cards Exposed as Iranian Banks Fall Victim to Cyber Warfare

The private details of 15 million bank debit cards in Iran have been published on Telegram in the largest banking security incident in the country’s history. Iranian authorities so far try to blame the breach on common criminals but cyber security experts suspect it was the work of intelligence agencies from the U.S. or Israel....
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Another Coinbase User Falls Victim to a SIM Swap Attack

Cryptocurrency users around the globe face many different threats. SIM Swaps are perhaps the worst type of attack, yet they continue to occur on a regular basis. Anyone keeping bitcoin or altcoins on an exchange would be better off using a hardware wallet of some sorts. Another SIM Swap Story Pops up Users who rely...
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What the Potential Loss of Millions of Dollars From Crypto Exchange Shows About the Industry

This year has had more than its fair share of scandals involving crypto exchanges and their shady owners. It seems that they are not finished yet as reports are emerging of another exchange boss doing a runner with the keys to the crypto wallets on a relatively unknown Asian exchange.Crypto Exchange IDAX CEO ‘Missing’According to...
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$50 Million Ether Stolen from Hot Wallet of Crypto Exchange Upbit

Every cryptocurrency exchange’s worst nightmare unfortunately befell Upbit, as the South Korean exchange confirmed on November 27th that a thief has hacked the exchange out of 342,000 ether (ETH). That haul, worth $50 million USD in the wake of the theft, makes it one of the largest crypto exchange heists in recent memory, larger even...
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Upbit Loses Over $50m in Ether Following Platform Hack

It has been once again a very remarkable day in the cryptocurrency industry. South Korean exchange Upbit has seemingly misplaced a lot of funds due to a hacker. The news originally started out as a rumor, but was eventually confirmed by the company. Upbit Gets Hacked and Loses Ether In the announcement, Upbit mentions 342,000...
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Major Ethereum Withdrawal From UpBit: Is It A Hack?

A major Ethereum withdrawal of 342,000 (ETH) withdrawal from the wallet of the exchange, were reported by Upbit one of the four biggest crypto exchanges on the market. Upbit states that the amount will be covered by its corporate funds, whilst the knowledge about facts around the withdrawal remains vague so let’s try to find...
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Bitcoin Slips to $6,900 After Upbit Loses $50M of Ethereum in Seeming Hack

If you’ve been on Crypto Twitter at all over the past few hours, you’ve likely noticed this Ethereum transaction. The transaction, which is for 342,000 ETH (valued at nearly $50 million as of the time of writing this), was sent from Upbit, a popular Korean exchange, to an unknown, unmarked wallet out of nowhere.🚨 🚨...
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Vietnamese Crypto Exchange VinDAX has Been Hacked

Over the past 11 years, numerous cryptocurrency exchanges have been hacked. The total amount of funds stolen because of these incidents has become astronomical. Even in 2019, that trend is not slowing down. VinDAX, a Vietnamese trading platform, has fallen victim to a cyber attack.  VinDAX Confirms the Theft of Funds It is believed that...
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Crypto Traders Rush to Revamp Their Security After Bitmex Dox

The world’s largest crypto derivatives exchange Bitmex has accidentally doxed tens of thousands of its users. An email newsletter concerning forthcoming updates to Bitmex indices CC’d a large proportion of the company’s mailing list, exposing the addresses of its users to the public. In a second embarrassment, Bitmex had its Twitter account hacked shortly afterward....
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Another Major AT&T SIM Swapping Heist Targeting Several Crypto Entrepreneurs

A crypto entrepreneur has filed a lawsuit against giant telecommunications firm AT&T over an alleged SIM swapping hack which reportedly led to the loss of  $1.7 million in digital currency, in an attack targeting three blockchain professionals who attended Consensus 2018 Seth Shapiro, a two-time Emmy Award-winner, author and professor at the University of Southern...
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PayFair Cold Wallet Hacked, Escrow Closed

The PayFair project, an Ethereum-based startup that has been around for about three years, closed its site temporarily due to a compromised private key on its chief cold wallet. The funds were moved from the hacked wallet into a still unrevealed new cold storage. PayFair Site Closed to Prevent Further Attacks PayFair caused panic as...
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Monex Offers Crypto Rewards to Shareholders Furthering Japanese Adoption

Owner of popular Japanese crypto exchange Coincheck, Monex Group, has now announced it will reward shareholders in the company with crypto. Shareholders are to receive a BTC dividend provided they have a Coincheck account. With Japan viewed as one of the top crypto adoption hotspots globally, and the country’s Financial Services Agency (FSA) proclaiming a...
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Hacker Steals 30,000 EOS by Exploiting a Gambling dApp

Any cryptocurrency network and its underpinning code are subject to malicious intervention. This is especially true when it comes to smart contracts. Numerous projects offer this functionality, which exposes all of them to potential hacks and theft. For one EOS-based gambling dApp, a recent exploit cost them over 30,000 EOS in the process. It is...
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Hacker Steals 30,000 EOS Through Gambling dApp Loophole

An attacker has made off with at least 30,000 EOS by exploiting gambling dApps on the network. By congesting the network with rented resources, the attacker was able to guarantee a winning outcome every time. Anatomy Of A Crime As pointed out by community members on Twitter, the attacker managed to steal over 30k EOS by manipulating...
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Coinbase UK Settles A Phishing Attack Lawsuit Where Victim Lost 80 BTC

An arm of the popular cryptocurrency exchange Coinbase recently settled an ongoing legal battle with a man who lost 80 Bitcoins (BTC) in an email phishing attack. Coinbase UK is the United Kingdom arm which had reached an undisclosed settlement with the person who lost a substantial amount of Bitcoin (BTC). The latest cryptocurrency news...
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Here’s Exactly How Long it Would Take to Crack Your Bitcoin Wallet

We put a lot of faith in passwords, specifically in the private keys which secure our Bitcoin and crypto wallets. If someone were to find out or hack our private key, they would gain control over the funds in the wallet. But how long would that take? Fortunately, software reviews website, Better Buys, has just...
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OKEx Wallet Maintenance Causes Panic as 24,000 BTC Moves

The crypto community spotted some massive funds movement from OKEx and got scared that the cryptocurrency exchange was hacked. However, CEO Jay Hao called for calm. Hundreds of Millions in BTC Move From OKEx On Wednesday, Twitter user Whale Alert sounded the alarm, saying that at least 24,000 BTC moved from OKEx to unknown wallets....
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Jack Dorsey’s Twitter Account Hacked! Justin Trying To Save His Followers

On Friday, August 30, the Twitter page of the founder, Jack Dorsey, was hacked. Following this the hacker posted a few harsh words on his Twitter page but later the tweets disappeared and the page suspended.  The hacker accessed Jack’s account through SIM card swap. Then, he used SMS message from it to control the...
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What Does Jack Dorsey’s Twitter Account Hack Mean For Bitcoin?

Twitter and Square CEO, Jack Dorsey, had his personal Twitter account hacked this week. Whilst in control of the account, the hackers posted a bizarre stream of messages including racial slurs and a bomb threat. Dorsey has been very vocal in his support for Bitcoin, so what impact could this have? What Does A Twitter Hack...
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Former Amazon Techie Accused Of Secretly Mining Cryptocurrency

The former Amazon employee who hacked the Capital One Bank has now used it’s servers to mine cryptocurrencies for herself. On August 28, the court filings revealed that the hacker Paige A. Thompson is charged for Capital One breach and for cryptojacking attempt. Basically, cryptojacking is all about crypto mining attacks. This works by installing...
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Bitcoin History Part 16: The First Mt. Gox Hack

No one remembers the first Mt. Gox hack. It was a small sum, even by 2011’s standards, and the exchange reimbursed all users. The incident was to prove significant, however, for it set in motion a string of attacks on other bitcoin platforms that began the very next day. By the time the dust had...
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Bitcoin ATM Burglary At A Rise – 5000 And Still Counting

Unlike Bitcoin currency hacking, Bitcoin ATM robbery used to be uncommon. A certain incidence has come to our notice. Two masked thieves stole a Bitcoin ATM from a mall in Washington on Aug 3. The surveillance camera has caught them while carrying out the ATM machine in a van. Violent raids targeting Bitcoin businesses and...
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A Clever Take on Bitcoin Wallet Security: The Vault & Its Potential Upside

Sometimes the simplest method for accomplishing something is the best way. With many technologically impressive advances and concepts for protecting crypto funds from the litany of hacks that plague the industry, mainly exchanges, one that has recently resurfaced is a particularly clever idea. Called “the vault,” the idea resurfaced from Bitcoin core developer Bryan Bishop, who...
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Binance Exchange: Offers 25 Bitcoin for Info on Hacked KYC Blackmailer

This week, popular Malta-based cryptocurrency trading platform Binance informed its community about an unsuccessful extortion attempt that had been made against the exchange and said it was investigating the matter further. The revelation comes after the extorter had begun distributing know-your-customer images — i.e. photos of traders holding up their personal IDs — in a...
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