Tagged: hack

February 14, 2019 @ 3:07 am By Cali Haan  |  

Developers of the privacy-cryptocurrency Monero have announced they’ll be “forking” (making code changes to) their network, changes that will reportedly make it impossible for “miners” using powerful ASIC-chip-laden machinery to process transactions on the network, Blockchain Reporter states. The change, which is scheduled to take… Read More

February 13, 2019 @ 10:00 pm By Cali Haan  |  

In a “complex ‘hack and destroy’ assault,” hackers have dealt a catastrophic blow “privacy-focused” email provider VFEmail. According to Bleeping Computer: “The hackers did not leave a ransom note and, given the extent of the destruction, the service will most likely go offline to never… Read More

February 13, 2019 @ 10:12 am By JD Alois  |  

Hacked cryptocurrency exchange Cryptopioa has been given a green light to re-open its platform, according to a report in The New Zealand Herald. Authorities of the local Police’s High Tech Crime Group are quoted on the permission. Detective Inspector Greg Murton stated: “We have finished the… Read More

February 9, 2019 @ 3:16 pm By Cali Haan  |  

Police in New Zealand have issued a press release stating their investigation of a prolonged hack on the Cryptopia cryptocurrency exchange, “is progressing well and advancing on several fronts.” But according to online publication Stuff, Auckland University associate professor of commercial law, Alex Sims, has contradicted those… Read More

February 3, 2019 @ 1:09 pm By Cali Haan  |  

An Italian court has ordered the owner of the BitGrail cryptocurrency exchange, Francesco Firano, to declare bankruptcy and forfeit assets so they can be used to reimburse investors harmed when Firano “lost” 17 million Nano tokens (worth $170 million), a post by affected investors claims…. Read More

February 3, 2019 @ 10:53 am By Cali Haan  |  

Joel Ortiz, a 20-year-old California college student, has accepted a plea deal and has agreed to a sentence of 10 years for stealing $5 million in cryptocurrencies from victims he robbed via SIM-swap hack, Motherboard reports. Ortiz will be sentenced on March 14, and it… Read More

February 2, 2019 @ 11:14 am By Cali Haan  |  

In its latest “Crypto Crime Report,” blockchain forensics firm Chainalysis says that two groups are responsible for 60% of hacks on cryptocurrency exchanges, the most lucrative types of crypto hacks by far: “Hacking dwarfs all other forms of crypto crime, and it is dominated by… Read More

February 1, 2019 @ 1:29 am By Cali Haan  |  

The co-founder of IOTA, Dominik Schiener has told Reuters that a majority of the 10 million Euros ($11.4 million USD) in IOTA crypto tokens that police believe was stolen by a lone hacker from Oxford, England, has been located, The 36-year-old accused hacker was arrested last… Read More

January 30, 2019 @ 11:49 am By Cali Haan  |  

Researchers at blockchain forensics firm Elementus who extensively documented the days- long, $16 million USD hack against New Zealand-based crypto exchange Cryptopia two weeks ago now claim that the same hacker has struck again at Cryptopia. According to Elementus, “Though Cryptopia remains silent…” about the… Read More

January 30, 2019 @ 3:51 am By Cali Haan  |  

Hackers may have created a fake LocalBitcoin forum page for the popular global peer-to-peer Bitcoins trading service LocalBitcoins, thereby conning “a number” of affected users out of disclosing the info needed to steal their digital coins. According to a report from LocalBitcoins on Reddit, the… Read More

January 22, 2019 @ 10:52 pm By Cali Haan  |  

Blockchain data analysis firm Elementus has published stunning claims regarding last week’s hack on the New Zealand Cryptopia cryptocurrency exchange. Little information regarding the scope or nature of the attack has so far been issued by Cryptopia itself or New Zealand police. Two days ago,… Read More

January 16, 2019 @ 2:50 pm By Cali Haan  |  

New Zealand cryptocurrency exchange Cryptopia went dark this week after “suffer(ing) a security breach which resulted in significant losses,” on Monday: The exchange is still offline this morning and all trading suspended pending “maintenance.” New Zealand Police issued a press release today regarding the hack stating… Read More

January 15, 2019 @ 12:04 pm By JD Alois  |  

Even while much of the Securities and Exchange Commission (SEC) is on furlough due to the US government shutdown, today the SEC announced charges against nine defendants for participating a hack into the SEC’s EDGAR system – the database that hosts all mandated securities filings…. Read More

January 10, 2019 @ 9:01 pm By Cali Haan  |  

People who lost millions in cryptocurrencies to hackers that hijacked their cellphones are collaborating to educate the public and strike back against Telecom companies they say aren’t doing enough to prevent the hacks, Motherboard reports. Crowdfund Insider has reported on numerous cryptocurrency thefts involving the… Read More

January 10, 2019 @ 11:42 am By JD Alois  |  

Earlier this week, CI reported on a 51% attack / double spend attempt that was halted by Coinbase. The crypto exchange was not the only target in the attempted hack. The attack utilized Ethereum Classic (ETC) as the vehicle to steal funds. Security firm SlowMist… Read More

January 3, 2019 @ 6:55 am By Cali Haan  |  

“(E)ach time a Layer is opened, a new wave of liability will fall upon you,” says an extortion note from the prolific hacker ‘Dark Overlord,’ who now claims to possess sensitive records relating to the 9-11 stolen from prominent insurance and legal firms, Motherboard reports. The… Read More

December 29, 2018 @ 8:01 am By Cali Haan  |  

Hackers have stolen more than $750 000 USD in Bitcoins from users of the Electrum Bitcoin hot wallet since December 21st, CCN reports. Another outlet places the amount stolen closer to $1 million. A “hot wallet” is a device for storing the “private keys” needed… Read More

December 27, 2018 @ 5:02 pm By Cali Haan  |  

The importance of storing one’s cryptocurrency safely was highlighted in South Korea this week when a court there decided that Korean crypto exchange Bithumb is not liable for customer funds hacked from an account there, Han Kyung reports. According to the outlet, an investor with… Read More

December 14, 2018 @ 3:59 pm By Cali Haan  |  

An alleged cryptocurrency thief accused of stealing the life savings of a Silicon Valley father of two has been extradited from New York to face charges related to the theft there, the New York Post reports. In November, police arrested Nicholas Truglia, 21, in Manhattan and… Read More

December 13, 2018 @ 1:06 pm By Cali Haan  |  

Hackers have tripled their efforts this month to rip off “exposed” Ethereum wallets and mining equipment- probably in an attempt to profit while the profiting’s still good, ZDNet reports. In fact, attack frequency has been furious for the past week, said Troy Mursch, co-founder of… Read More