Tagged: hack

Gunning for Hackers: Ethereum Classic Labs to Pursue Criminal Charges Against Perps Involved with Recent Attack on Ethereum Classic Blockchain

Ethereum Classic Labs (ETC Labs), the core developer and organization for the Ethereum Classic (ETC) blockchain, has partnered up with crypto-sleuth firm CipherTrace and Kobre & Kim to uncover the individuals involved in the recent attacks on the Ethereum Classic blockchain. According to a release,… Read More

17 Year Old Teen Arrested, Said to be Perp of Twitter Hack and Bitcoin Con

  A 17-year-old teenager in Hillsborough County, Florida has been arrested in relation to the high profile Twitter (NYSE:TWTR) hack that recently occurred. Hillsborough county where Tampa is located.   BREAKING: Hillsborough State Attorney @AndrewWarrenFL announces arrest of 17-year-old Graham Ivan Clark in “Bit-Con” hack… Read More

Fintech and Digital Banking Provider Dave Suffers Security Breach, User Data Compromised but No Financial Losses, Company Claims

Dave.com, which aims to be the finance version of David and Goliath taking on the big banks and “helping millions with money challenges,” has confirmed that a security breach took place on its platform. Dave, which claims to have “reinvented” many areas of traditional finance,… Read More

Twitter Hack – Security Researcher Points to Notorious Sim Swap Fraudsters

Twitter continues to dig through the rubble following the epic Twitter hack that saw approximately 130 high profile Twitter accounts hijacked with Tweets distributing a Bitcoin trap for the unsuspecting. Thank you for your continued patience and understanding while we investigate this incident. We’ll continue… Read More

In the Twitter Hack, Bitcoin Was Stolen, but at BTC Transactions are Traceable

The dust is yet to settle in the Twitter (NYSE:TWTR) hack that saw multiple high profile accounts hacked. Twitter continues to dig through the breech and earlier today, Twitter provided some additional insight as to how the individual was able to exploit the platform. Tough… Read More

Over $3 Million in Bitcoin (BTC) Stolen from Crypto Exchange Cashaa Following Recent Hack

UK-based digital asset exchange Cashaa has reportedly suffered a security breach which led to  hackers allegedly stealing over 336 Bitcoins (BTC), an amount valued at just over $3.1 million at the time of writing. Cashaa confirmed that it has suspended all the cryptocurrency-related transfers on… Read More

Coinsquare CEO Responds to Data Breach

Coinsquare, a Canadian crypto exchange, has responded to the reports regarding a “hack” and data breach that apparently revealed data of 50,000 users. As the story goes, Coinsquare was approached by a reporter at Vice that claimed to have seen a sample of the stolen… Read More

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

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