Tagged: hack

SIM Swap Traps BlockFi Too in “Temporary Data Breach”

SIM Swaps, the nefarious act when criminals surreptitiously take over your mobile phone with a different SIM card, hit crypto lending platform BlockFi earlier this month. BlockFi quickly posted an “incident report” outlining the scam: “From approximately 07:17 UTC to 08:43 UTC on May 14,… Read More

Alleged Cryptocurrency Thief is a Suburban New York High School Senior, Terpin Sues to Get Money Back

  Michael Terpin has sued 18-year old Ellis Pinsky, a high school senior living in the posh New York City suburb of Irvington in Westchester County. Terpin alleges that Pinsky was the perpetrator of a “sophisticated cybercrime spree” that saw over $100 million stolen in cryptocurrency… Read More

Developers of dForce, a Chinese DeFi Protocol that was Hacked, to Return $24.9 Million to Users After Hacker Gives Back Stolen Funds

dForce, a Chinese decentralized finance (DeFi) platform that recently experienced a hack that led to the loss of around $25 million worth of cryptocurrency, confirmed on April 27, 2020 that it will be compensating all its users for their stolen funds. This, after the digital… Read More

Huh? dForce Hacker Pilfers $25 Million in Crypto then Returns the Funds

On April 19th, Mindao Yang, founder of dForce, confessed that $25 million crypto had been stolen from his platform. In a blog post, Yang said Lendf.Me, the lending protocol of dForce, was attacked and a vulnerability was exploited to steal the digital assets. Today, it… Read More

Ongoing SIM Swap Lawsuit by Michael Terpin Sees Response to AT&T’s Motion to Strike $200 Million Punitive Damage Claim

The ongoing lawsuit regarding a SIM Swap scam filed by Michael Terpin against AT&T Mobility took another step forward this week. Earlier this year, it was ruled that plaintiff Terpin can proceed with statutory, contract, and tort damages claims against AT&T Mobility for $24 million… Read More

Finastra Says Cyber-Attack Sought to Take Advantage of COVID-19 Driven Shift to Remote Operations

Just about all financial services firms have rushed to move operations to as much as possible to remote operations. For many Fintechs, the migration was fairly simple as many had established tech and protocols in place to operate in a virtual environment. For more traditional… Read More

Finastra Updates Following Security Breach: We do not believe that any customer or employee data was accessed

On March 20, 2020, Finastra, a financial services software provider, announced that a “bad-actor” was attempting to introduce malware into their network in what was described as a “common ransomware attack.” Finastra is a company spanning retail banking, transaction banking, lending, and treasury and capital… Read More

Security Alert: UK Fintech Finastra Experiences Ransomware Attack, Takes Some Servers Offline

UK-based Fintech firm Finastra has reportedly taken some of its servers offline after discovering “potentially anomalous activity” on its computer systems. To quote a statement from Finastra: “During the period immediately prior to March 20th, 2020, the Finastra IT security and risk teams actively detected,… Read More

US Department of Justice Charges Two Chinese Nationals with Laundering $100 Million in Cryptocurrency from South Korean Crypto Exchange Hack

The US Department of Justice (DOJ) has charged two Chinese nationals with laundering more than $100 million in cryptocurrency as part of an exchange hack orchestrated by North Korean perpetrators, according to a release. The laundering allegedly took place between December 2017 and April 2019…. Read More

Multi-Million Dollar Decentralized Finance Protocol bZX has Been Exploited: Report

bZX, a leading Ethereum-based decentralized finance (DeFi) lending protocol has reportedly been exploited. Although the exact amount of Ether (ETH) lost due to the exploit has not been confirmed, Kyle Kristner, co-founder at bZx, says “a portion of ETH [was] lost.” As reported by The… Read More

IOTA Foundation Confirms that IOTA Network Users’ Tokens Worth Up to $1.2 Million Were Stolen in Recent Hack

IOTA Foundation, a non-profit entity behind the ongoing development of the leading IOTA distributed network, confirmed on February 13, 2020, that electronic funds belonging to the users of the Trinity wallet software had been stolen. The Germany-headquartered organization revealed on Wednesday that it had turned… Read More

Upbit Crypto Trading Platform Restores Depositing After $50 Million USD Hack

Korean cryptocurrency trading platform Upbit reinstated deposits January 13th after shutting them down in late November in response to a $50 million USD hack. Deposits have now been restored following an upgrade to the exchange’s wallet system, the exchange writes in a notice. Customers will, “need… Read More

Hackers Exploited Parity Node Bug to Attack Ethereum Network December 30th

Parity nodes on the Ethereum cryptocurrency network stopped syncing December 30th after sustaining an apparent attack. Parity Technologies acknowledged the attack in an announcement December 31st: “We have investigated reports of some Parity Ethereum nodes not syncing and believe there may be an attack underway.”… Read More

Temporary Millionaire: Teenaged SIM-Swap Cryptocurrency Hacker Indicted in New York

A prolific teenaged SIM-swap hacker has been indicted in New York for stealing the identities of at least 75 people across the United States and more than $1 million USD in cryptocurrencies from them via SIM-swap attacks on victims’ cell phones. Yousef Selassie, 19, is… Read More

Liquidators File Second Report Regarding Hacked Cryptocurrency Exchange Cryptopia, $7 Million Left

Representatives from Grant Thornton have published their Liquidator’s Second Report regarding collapsed New Zealand cryptocurrency exchange Cryptopia. Just prior to its dissolution in May, Cryptopia had over 2.2 million registered users worldwide and 37 employees, Grant Thornton (GT) claims. Hackers are believed to have stolen… Read More

Another Alleged SIM-Swap Cryptocurrency Thief Indicted

A 23-year-old who allegedly used cryptocurrencies he stole from crypto executives and users to fund the purchase of houses, a Ferrari, a Rolex and the royalty rights to twenty songs was arrested in Latrobe, Pennsylvania, December 11th. Anthony Francis Faulk has been charged with one count of… Read More

Vertcoin Sustains Minor “Double Spend” Attack. Is This a Dry Run?

Hackers appear to have rented cryptocurrency mining power at NiceHash this week and then used it to conduct a 51% attack on the Vertcoin network. According to Coindesk, the hacker managed to offset 603 genuine blocks of data mined by legitimate network participants and replace… Read More

Unbound Tech: People Exposed in BitMEX Crypto Exchange Email Leak “Remain at High Risk for Exploitation”

“Software-defined cryptography firm” Unbound Tech says that parties exposed in last week’s email debacle at BitMEX, and the exchange itself, “remain at high risk for exploitation through a variety of approaches.” Last Friday, news broke that BitMEX, a cryptocurrency exchange popular for allowing 100x leveraged… Read More

BitMEX Crypto Exchange May Have Exposed 400K Customer Email Addresses

There is a lot of anger on “crypto Twitter” today following news that BitMEX, a cryptocurrency exchange known for allowing 100x leveraged cryptocurrency trades on its platform, has exposed the email addresses of “many” of its customers. The error occurred when the company sent out… Read More

Crypto Investor & Sim Swap Hack Victim Michael Terpin Publishes Open Letter to Ajit Pai, Chairman of the FCC

Michael Terpin, well known within the cryptocurrency industry, was a victim of a serious theft of crypto several years ago as approximately $24 million in crypto was stolen from his accounts via a Sim Swap hack. Terpin went on to file a lawsuit against AT&T… Read More

Send this to a friend