Tagged: hack

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

Bitcoins Stolen from Bitfinex and Dormant Since 2016 Start to Move

160 Bitcoins stolen in a massive hack on the Bitfinex cryptocurrency exchange in 2016 started moving across the blockchain late last week after being dormant for more than 2 years, Hard Fork reports. The cryptocurrency is part of a stash of 744 408 Bitcoins taken… Read More

Cryptocurrency Aficionados in US Hit by Another Wave of SIM-Swap Hacks

After a period of relative quiet during the first part of this year, “CryptoTwitter” started lighting up late last month with reports of a spate of SIM-swap hacks being waged against known American personages in the crypto investing world, ZDNet reports. In a SIM-swap hack,… Read More

Failed Cryptopia Exchange Granted Order Preserving Access to Customer Data

A court in the Southern District of New York has granted provisional relief to defunct New Zealand cryptocurrency exchange Cryptopia as it attempts to maintain access to customers’ trading balance data managed by an Arizona firm claiming the exchange owes it $2 million USD. Cryptopia… Read More

Shuttered Cryptopia Exchange Says it Cannot Guarantee Return of “Crypto Assets” or Fiat Balances to Customers

Liquidating New Zealand crypto exchange Cryptopia has announced that it has halted trading and frozen customer assets and balances, “In order to… get an accurate picture of the current situation.” Accordingly, no withdrawals of fiat or crypto will be permitted by the exchange until, “…an… Read More

Six Members of Transnational Hacking Group, “The Community,” Indicted for Crimes Related to SIM-Swap Hacks

Six members of a transnational hacking group known as “The Community” have been indicted in the Eastern District of Michigan and charged with conspiracy to commit wire fraud, wire fraud and aggravated identity theft in relation to SWIM-swap hacks they allegedly conducted to steal cryptocurrencies by… Read More

Report: Michael Terpin Wins $75.8 Million Civil Judgement Regarding Crypto Theft via SIM Swap Hack

Michael Terpin, a prominent cryptocurrency advocate and founder of Marketwire, has won a whopping $75.8 million civil judgment against SIM Swap perp Nicholas Truglia, according to a report in Reuters referencing court documents.  In the theft, Terpin was fleeced of approximately $24 million in crypto… Read More

Sacrilege: Binance CEO Suggests Miners Could Roll Back Bitcoin Chain to Recover Hacked $41 Million and Keep Proceeds as Bounty

Zhao Changpeng

Changpeng Zhao, CEO and founder of Binance, the world’s largest cryptocurrency exchange, stirred controversy this week when he suggested that colluding Bitcoin miners could “roll-back” Bitcoin’s data records and recover $41 million USD in bitcoins hacked from Binance this week. Zhao made the comments in… Read More

Binance Hack: Is Centralization the Problem? Comments from Xena Exchange and Zebpay

Schadenfreude? Binance, the largest crypto exchange in the world, suffered a humbling hack where a hot wallet was compromised and criminals absconded with a mere $40 million. Other exchanges and crypto insiders have been quick to comment on the ignominious event. Julie Plavnik, CBDO at… Read More

Binance, World’s Largest Cryptocurrency Exchange, Hacked for $40.7 Million

Hackers breached a single hot wallet at Binance this week and made off with $40.7 million USD in Bitcoins. This is according to the “Binance Security Breach Update” posted May 7th on the Binance website: “We have discovered a large scale security breach today, May 7,… Read More

London Crypto Extortionist Who Worked for Russian Crime Group Sentenced to Six Years

A 24-year-old hacker who used malware-disseminating ads on porn sites to lock millions of computers and extort cryptocurrency ransoms received a six-year prison sentence this week in London, The Register reports. According to The Birmingham Mail, the accused, Zain Qaiser, “worked for an international Russian… Read More

North Korea Using Crypto Scams and Hacks to Fund Its Nuclear Program

North Korea has added to its standard program of hacking banks in the developing world by launching computer-borne attacks against cryptocurrency exchanges, Wired reports. To further complicate matters, at least part of the billions of dollars so far garnered in these hacks is being used… Read More

Insurer Beazley: Healthcare Industry Most Targeted by Cyber Attacks

41% of cyber attacks are deployed against healthcare entities, Canadian Underwriter reports, whereas only 20% of attacks are leveled at financial firms. The information comes from specialist insurer Beazley in its Beazley 2019 Breach Briefing. The reason healthcare targets are preferred, says Beazley, is because unlike… Read More

Hackers Hijacking Smart Fridges, TVs and Laptops in UAE to Mine Cryptocurrency

“(Cryptomining) Attackers are following the money to the UAE,” says Hussam Sedani, Middle East manager for the cybersecurity firm Symantec. And according to UAE media outlet The National, instances of malware-based cryptojacking, in which personal devices are “zombified” and forced to mine cryptocurrencies, are twice… Read More

Ukraine Cyberpolice Accuse Man of “CryptoJacking” a Million People

Cyberpolice in Ukraine say they have arrested a 32-year-old Bukovina resident accused of using “cryptojacking” software against a million individuals without their consent. Police allege the man deployed the software surreptitiously to the computers of individuals visiting websites run by the man. The sites reportedly… Read More

Two US Chemical Firms Hobbled by Same Ransomware as Norsk Hydro

Operations at the American chemical firms Hexion and Momentive were disrupted March 12th when company computer systems were locked up by LockerGoga ransomware, Motherboard reports. LockerGoga is the same ransomware experts believe was used to cripple operations at American and European aluminum smelters run by… Read More

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