Tagged: hack

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

Another Civil Case Launched Against AT&T for Allegedly Failing to Prevent Crypto Theft

A plaintiff called Seth Shapiro is suing telco giant AT&T (NYSE:T) for its role in allegedly allowing hackers to access his cellphone on four occasions and enable the theft of $1.8 million USD in cryptocurrencies from his crypto exchange accounts. SIM-swapping is a type of hack… Read More

Algorand’s Venture Arm, Algo Capital, Loses Millions in Crypto Wallet Security Breach

Algo Capital, the investment division of the US-based blockchain startup Algorand, reportedly lost around $1-2 million in Algorand (ALGO) tokens and Tether (USDT) stablecoins after the company CTO Pablo Yabo’s mobile phone was hacked. The security breach allowed hackers to access an Algo hot wallet… Read More

Korean Crypto Exchange Coinone Ordered to Compensate Customer Who Lost Funds in Hack

South Korea Flag

Coinone, a popular cryptocurrency exchange in Korea, has been ordered by a judge in Seoul to pay 25 million won (~$20 780 USD) to a customer who had his exchange accounts drained in a hack. According to Chosun IT, this is Korea’s first case of a… Read More

California Indicts Two Alleged Hackers for Attacks on Etherdelta Crypto Exchange

Two men have been indicted in California for allegedly hacking “decentralized” (peer-to-peer) crypto trading platform EtherDelta. The indictment states that Anthony Nashatka (AKA “Psycho”), who resides in New York, and co-defendant Elliot Gunton (AKA “Planet”), who lives in the UK, have not yet been arrested. The… Read More

Beaxy Crypto Exchange Halts Trading After Hack Involving Major Sell Off of Ripple (XRP)

A cryptocurrency exchange called Beaxy halted trading across the board  August 12th after a high-volume sell-off of XRPs (Ripple tokens) tanked the tokens’ price on the exchange: The exchange corresponded about the suspension in a blog post, stating: “We recently experienced unusual(ly) high volume activity… Read More

Chipmixer “Bitcoin Tumbler” Used to Launder Funds Stolen in $80 Million USD Hack on Binance

A Regtech/blockchain forensics firm called Clain has determined that hackers who stole 7074 Bitcoins (worth $80 million USD) from the Binance exchange in May used a tumbling service called Chipmixer to obfuscate movements of the stolen funds. Clain, “a start-up…that provides enhanced AML/KYC solutions in… Read More

Hacker Attempts to Extort Binance, World’s Largest Crypto Exchange

A hacker has started leaking KYC (know your customer) data he or she claims is from Binance, the world’s largest crypto exchange by volume. The data, which includes photos of passports and other IDs, is now being circulated on a Telegram channel with 10 000 users that… Read More

Dark Net Marketplace “Nightmare” Suffers Internal Hack, May Have Exit Scammed

A popular Dark Net market site called Nightmare has suffered a hack and is currently “under maintenance”- a common sign that a crypto-friendly underground site’s admins may be pulling exit scam, DarkNetStats reports. Nightmare administrators are insisting that users will have full access to their… Read More

Hackers Sell Bitcoins Stolen from Binance…on Binance

Binance, a major cryptocurrency exchange that suffered a $44 million USD hack in May, recently processed some of the Bitcoins stolen from it on behalf of the hackers, digital currency Regtech firm Coinfirm reports. According to data Coinfirm furnished to Coindesk, hackers have been moving… Read More

Bitcoin Norway Shuts Down Due to Theft via SIM Swap Hack and “Sophisticated Spear-phishing Techniques”

Bitcoin Norway has shut down all operations according to its website and posts on Facebook. Bitcoin Norway is a cryptocurrency exchange that claims to have served over 25,000 Norwegians since 2013. Last week, via Twitter, the exchange said they are dealing with extraordinary problems: Hei… Read More

Following $32 Million Hack, Cryptocurrency Platform Bitpoint Suspends Operations

Bitpoint, a licensed cryptocurrency exchange based in Japan, has reportedly shut down operations following a hack that caused the platform to lose ¥3.5 billion yen ($32 million) in cryptocurrency.  According to Bloomberg, The exchange revealed about 2.5 billion yen of stolen funds belonged to customers,… Read More

Hackers Move $8 Million USD in Bitcoins Stolen From Binance Trading Platform

Hackers moved more than $8 million USD in Bitcoins July 8th from digital wallets they’d been sitting in since the Malta-registered crypto trading platform Binance, one of the world’s largest, was hacked for more than 7000 Bitcoins in May, Hard Fork reports. At the time… Read More

Singaporean Trading Platform Bitrue Hacked for More Than $4 Million USD in Crypto

On Thursday, a hacker “exploited a vulnerability in (the Bitrue exchange’s) Risk Control team’s 2nd review process to access the personal funds of about 90 Bitrue users,” according to a tweet thread from Singaporean crypto exchange Bitrue. This initial attack was quickly repeated on the… Read More

Israeli Police Arrest Brothers Accused of Executing Billion Dollar Bitfinex Crypto Platform Hack

Two computer programmers in Israel, brothers Eli and Assaf Gigi, have been arrested in Jerusalem and accused of operating a sprawling phishing scam that helped them steal 120 000 bitcoins from the Bitfinex trading platform in 2016. According to Israeli crime reporting site Posta, “They… Read More

Report: Russian Viruses Found in Investigation of $534 Million USD Hack on Coincheck Cryptocurrency Exchange

Viruses “first marketed in a Russian bulletin board in June 2011” have been found on computers of employees at Coincheck, a Japanese cryptocurrency exchange hacked in January 2018 for more than $534 million USD in NEM tokens, Asahi Shimbum writes. Previously, South Korean intelligence had… Read More

XRP Forensics in Hot Pursuit of Gatehub Hackers, Identifies 12 Possible Perps

Another day, another crypto-hack.  From exploits to exit scams, the song remains the same – it’s just the technology that is different. The bad guys are always looking for new and devious ways to steal money from the unsuspecting. The most recent hack came courtesy… Read More

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