A recent report informed of a new type of malicious operation that has been active for over a year and has targeted thousands of cryptocurrency users. Dubbed ElectroRAT, it’s written from scratch to work on various operating systems and promoted via dedicated forums and marketing campaigns. A New Threat For Crypto Users The cybersecurity company...Read More
The company itself is offering little assistance and no reimbursements to the escalating number of victims of its slipshod security. The fallout from the second major data leak from the company that promised to be safer than keeping crypto on exchanges is intensifying. On December 21, a hacker leaked the details of as many as...Read More
The decentralized finance (DeFi) space continues to experience frequent attacks, and the latest victim is Warp Finance. The project admitted earlier today that undisclosed perpetrators have compromised the protocol and taken nearly $8 million by initiating a flash loan attack. $7.7M Taken In A Flash Loan Attack The significant growth of the DeFi space that...Read More
The attacker that drained over $8 million in NXM from the founder of Nexus Mutual had requested $2.8 million in ETH to stop disposing of the funds. As such, it seems that he has rejected the bounty offer from Hugh Karp of $300,000. What Happened With The Funds Of The Hack? CryptoPotato reported earlier this...Read More
The personal address of Hugh Karp, the founder of the Ethereum-based insurance provider Nexus Mutual, has been drained for over $8 million worth of the NXM token by an already registered user. Despite the attack, Nexus Mutual has reassured that the customers’ funds are safe. Nexus Mutual Founder Drained For $8M In NXM The popular...Read More
While exploring the potential online security threats for the upcoming 2021, the Russian-based multinational cybersecurity company Kaspersky predicted a rise in Bitcoin thefts. Kaspersky researchers also foresee an increase of ransomware threats and more demands to be requested in privacy coins such as Monero instead of BTC. 2021: Bitcoin’s Value Leads To More Bitcoin Theft?...Read More
A notorious hackers’ group called The Black Shadow has compromised one of the largest insurance companies in Israel – Shirbit. The attackers have already released sensitive client documents and have demanded a ransom in bitcoin, which could rise to $4 million by the end of the week. Israeli Insurance Company Hacked According to a local...Read More
The Australian cryptocurrency exchange, BTC Markets, has inadvertently exposed more than 270,000 emails of its customers. The company apologized for the inconvenience and reassured that all other data, including users’ funds, is safe. BTC Markets Exposes Customers’ Emails A user going by the Twitter handle Stevosxrp.crypto took it to Jack Dorsey’s social media giant and...Read More
Months after the infamous hack on its platform, the social media giant Twitter has appointed a noted hacker as its head of security. Pieter Zatko, also known as “Mudge,” has also testified before Congress, educated President Bill Clinton about DDoS attacks, and worked in Google and the Defense Advanced Research Projects Agency (DARPA). Twitter To...Read More
There are quite a few unfortunate stories of people that lost their Bitcoin forever as a result of using questionable means of storing their crypto. A notable example being James Howell, who lost $127 million worth of Bitcoin in 2017 and was unable to reclaim it. According to a report, Howell mistakenly placed the drive...Read More
Over a month after being hacked and drained for nearly $300 million worth of various cryptocurrencies, the popular exchange KuCoin has recovered 84% of all funds. The company’s CEO also indicated that they will resume full service for all tokens by November 22nd. KuCoin Recovers 84% Of All Stolen Funds As CryptoPotato reported in late...Read More
A few days ago, a mysterious Twitter user claimed to have found the magic formula to crack Monero. Fireice_UK shared a web address that “revealed” personal information of several Monero users, even including their sexual preferences. “Anonymous” cryptocurrency #Monero broken. https://t.co/M2tDXFzpLb You can now check how many paedophiles thought it is private today. 100 new...Read More
Shortly after suspending withdrawals and deposits to its platform, the crypto lending service Cred has filed for Chapter 11 bankruptcy protection. CryptoPotato reported in late October that the US-based platform had temporarily suspended all funds inflows and outflows while assisting law enforcement agencies in investigating an “incident.” According to an official announcement from this past...Read More
The exploit was reported by Blockstream co-founder Gregory Maxwell (a.k.a. /u/nullc), and retweeted by crypto podcaster Ruben Somsen; Multisig bug in BSV exploited, funds stolen🍿 BSV ripped out the existing multisig (p2sh) and replaced it with a threshold script that was SUPPOSED to accept X sigs or more, but instead accepted X or LESS (including...Read More
A recent report examining the number of successful hacks on blockchain networks, exchanges, and even wallets concluded that attackers had stolen more than $13 billion in the past eight years. The paper noted that the EOS network had experienced the most breaches, while the malicious actors have taken the most funds from wallets. 330 Blockchain...Read More
Ransomware attacks are one of the most notorious examples of crypto-related criminal activities 2020, with targets ranging from city halls and universities to major industries such as Tesla. And this week, hackers claimed a new victim: The gaming giant Capcom. Capcom is the corporation behind major hits like Devil May Cry, Resident Evil, Megaman and...Read More
The popular cryptocurrency lending service Cred has announced that it has temporarily suspended all funds inflows and outflows. Without disclosing many details, the platform said it’s cooperating with law enforcement authorities to investigate an incident. Cred Suspends Deposits And Withdrawals The United States-based crypto lending platform, which recently announced joining Visa’s fast track program, updated...Read More
William Hinman, a director of the U.S. Securities and Exchange Commission (SEC) known for his statements in favor of greater clarity for the crypto ecosystem and other ICOs and fintech, announced his intentions to leave his post in the upcoming months. Since 2017, Hinman has served as a director of the SEC’s Division of Corporation...Read More
Consumers who have purchased Ledger hardware wallets have been waking up to nasty emails claiming that their crypto assets are in danger of being stolen. It is the latest in a long list of phishing attacks designed to lure the uninitiated into divulging their secret phrases or downloading malware. The first round of spurious emails...Read More
The fiasco with Harvest Finance continues with full force. The team has put a $100,000 bounty for the first person or team to reach out with information about the hacker. It’s also important to note that the attacker has decided to return $2.5 million to the deployer contract of Havers Finance. However, given that the...Read More
Local government networks were the target of a recent ransomware attack in a county in the state of Georgia. The key voting infrastructure assault reportedly managed to affect “critical systems” within the network. The First Ransomware Attack For This Election Season According to a recent CNN news report, the attack on Georgia’s Hall County was disclosed...Read More
In what seems to be a case of black hat hackers masquerading as the internet’s self-professed Robin Hoods, two charitable organizations have received mysterious bitcoin donations from a cybercriminal group. The generous gesture is worth 0.88 BTC (around $10,000), with the donating hackers wanting to “make the world a better place.” Hacking Corporations To Give...Read More
Hackers had a field run a couple of days ago, targeting the popular retail-oriented trading application Robinhood. Almost 2,000 Robinhood Markets accounts were compromised in a spree that saw customers’ funds siphoned off, according to a Bloomberg report. Robinhood disclosed that a “limited number” of their customers had been struck by hackers who managed to...Read More
Brainwallets, especially those generated with passphrases from popular culture references, might not be as safe as previously imagined. Pop Culture References Make for Vulnerable Keys According to a report published by BitMEX Research on Oct. 13, brainwallets might be easy to crack with hackers purportedly setting up servers to crawl the blockchain in search of...Read More
Newly aggregated data suggests that the hackers that recently compromised KuCoin’s hot wallets may have taken more than the estimated $150 million, as per the exchange’s report. Considering the updated numbers, the KuCoin hack would be the third-largest in history, with approximately $280 million stolen. The KuCoin Hack: $280M Taken Instead Of $150M? As CryptoPotato...Read More
The Office of the Comptroller of the Currency (OCC) is turning out to be the greatest supporter of the US cryptocurrency industry. Yesterday, the banking regulator issued a letter that greenlighted national banks and federal savings associations to hold “reserves” on behalf of stablecoin issuers. The stablecoins in the discussion are fiat-collateralized, i.e., backed by...Read More
Bitcoin and cryptocurrencies present numerous advantages over the traditional financial systems, including faster transactions, while paying only a fraction of the cost. The decentralized nature, meaning a lack of central authority behind them, has attracted lots of fans, investors, and users over the past decade. However, this same feature could also display some serious issues...Read More
A recent report indicated that as proof-of-work-based cryptocurrencies such as Bitcoin and Monero were increasing in value in 2020, the cryptojacking cases worldwide have surged after a year of continuous decline. Cryptojacking On The Rise In 2020 The term cryptojacking refers to when an unauthorized person gains access to a computer for mining (or minting)...Read More
The US Department of Justice has alleged that Joseph Sullivan, the former Chief Security Officer of Uber, has covered up a 2016 hack on the company that compromised data of millions of users and drivers. According to the DOJ, Sullivan paid the hackers $100,000 in Bitcoin. Uber Former CSO Covers Up A Hack? The announcement...Read More
Hackers pulled off a successful ransomware attack on COVID-19 researchers from the University of California in San Francisco and received 116 bitcoins. Now, recently surfaced transcripts reveal how the entire operation played out. Phase One: The Hack Although the name of the group was initially a mystery, the Bloomberg report said that the organization had...Read More
