Tagged: hack

August 18, 2021 @ 9:48 pm By Tony Zerucha  |  

While Poly Network may have escaped some of the worst of the damage from its recent security breach, there are questions it still must answer, AnChain.AI founder and CEO Dr. Victor Fang said recently. Fang said it appears the hack was caused by the exploitation… Read More

August 13, 2021 @ 4:57 pm By JD Alois  |  

Poly Network is slowly retrieving the stolen crypto in a nightmare scenario where over $600 million in value was illicitly transferred from the platform. Poly Network has been keeping its community abreast of developments via Twitter as they scramble to reverse the transfers which included… Read More

August 12, 2021 @ 8:07 am By Omar Faridi  |  

The Poly Network attacker has been returning funds after managing to pull of the largest DeFi theft ever. On, August 10, 2021, an unidentified attacker had managed to steal around $612 million worth of virtual currency from cross-chain DeFi protocol Poly Network, making this the… Read More

August 11, 2021 @ 3:22 pm By JD Alois  |  

The hack of Poly Network that pilfered over $600 million is the largest DeFi theft ever. While Poly Network reports having retrieved some of the crypto, hundreds of millions in digital assets are still yet to be returned.   $260 million (As of 11 Aug… Read More

August 10, 2021 @ 10:08 pm By JD Alois  |  

Poly Network has lost some crypto in an apparent hack. In fact, Poly Network has lost over $600 million in what is said to be the largest DeFi attack ever. In a series of tweets, Poly Network named the locations of the missing crypto.  … Read More

June 9, 2021 @ 3:35 pm By Tony Zerucha  |  

No one should be shocked Bitcoin’s price fell after the United States recovered most of the cryptocurrency used to pay the Colonial Pipeline hackers, an analyst with GlobalData said this week. Given cryptocurrency’s libertarian roots, the fact a government could track and seize money designed… Read More

June 8, 2021 @ 8:25 pm By Tony Zerucha  |  

This week did not get off to a good start for those tasked with corporate cybersecurity as one single breach saw more than half of the number of passwords stolen. In all of 2020 swiped in one swoop. On June 7, what many believe to… Read More

May 20, 2021 @ 9:17 pm By Omar Faridi  |  

SlowMist, which focuses on blockchain ecosystem security, and has served major digital asset firms such as Huobi, OKEx, Binance, imToken (with around 1,000 commercial customers), has conducted an analysis on the recent PancakeBunny hack. SlowMist Zone had reported that PancakeBunny, the decentralized finance (DeFi) revenue… Read More

April 28, 2021 @ 8:39 pm By Omar Faridi  |  

SlowMist, which focuses on blockchain ecosystem security, and has served major digital asset firms such as Huobi, OKEx, Binance, imToken (with around 1,000 commercial customers), notes that according to updates from the SlowMist Zone, the DeFi project Uranium on the Binance Smart Chain (BSC) was… Read More

April 11, 2021 @ 2:42 pm By Omar Faridi  |  

A recent post on Raidforums, a marketplace for purchasing and selling stolen data, has claimed that it has the personal details from millions of users on Paxful, a leading peer to peer Bitcoin (BTC) and Ethereum (ETH) exchange. However, Paxful‘s management stated that they’re false… Read More

February 17, 2021 @ 3:58 pm By JD Alois  |  

The US Department of Justice has announced an indictment of three North Korean hackers said to be involved with the Korean military regarding   to cyberattacks and financial including theft of money and cryptocurrency.  The indictment is an expansion of a 2018 case outlining similar nefarious… Read More

February 10, 2021 @ 10:58 am By JD Alois  |  

The UK National Crime Agency (NCA), working in concert with the US Secret Service, Department of Homeland Security, Federal Bureau of Investigation, and Santa Clara DA’s Office, have arrested eight men, aged 18 to 26, in England and Scotland in regards to SIM Swap hacks… Read More

February 1, 2021 @ 11:55 pm By Omar Faridi  |  

Public liability, professional indemnity and employers liability are no longer adequate when it comes to protecting your company or business. But there are certain covers available that could secure your company further, according to a blog post published by Revolut. The leading digital banking platform… Read More

December 26, 2020 @ 9:57 pm By Omar Faridi  |  

Digital asset exchange Coinbase notes that its Security team regularly monitors the safety of its trading platform and customers’ funds. The US-based exchange also keeps a close eye on security threats and “abuse trends” affecting the larger crypto-economy. In December of this year, personal information… Read More

December 24, 2020 @ 4:01 pm By Omar Faridi  |  

The Security team at Gemini Trust Company, LLC (Gemini), a digital currency exchange and custodian, has revealed that they’ve seen a significant increase in the number of crypto-related scams, as virtual currencies continued to gain popularity over the past year. Gemini Security explains that scams… Read More

December 24, 2020 @ 9:28 am By JD Alois  |  

A Blast from the Past. Bitgrail, a bankrupt crypto exchange that previously operated in Italy, has surfaced in the media once again. Back in 2018 news emerged of a significant crypto theft of around $150 million in Nano (XRB). At that time a post on… Read More

December 22, 2020 @ 9:16 pm By Omar Faridi  |  

Ron Stoner, a crypto-security expert and newly appointed Head of Security at Casa, a company focused on developing security and custody solutions for Bitcoin (BTC), notes that we’re living in a world that heavily depends on “the connectivity between our physical and digital identities.” Stoner,… Read More

December 21, 2020 @ 8:51 am By JD Alois  |  

Ledger, a crypto wallet provider based in Paris, France, has apparently experienced a security breach according to a tweet from the company. Ledger stated yesterday that they have been alerted to the dump of a customer database on Raidforum. The company said that it is… Read More

December 15, 2020 @ 7:45 pm By Omar Faridi  |  

On December 14, 2020 (at 09:40 am UTC), CertiK Skynet discovered a very large transaction from Hugh Karp, Founder of Nexus Mutual, a “people powered” alternative to insurance built on Ethereum, which transferred 370,000 NXM tokens to an unknown cryptocurrency account. The total value of… Read More

October 26, 2020 @ 9:30 am By Omar Faridi  |  

We recently caught up with Dr. Amrit Kumar, President and Chief Scientific Officer of Zilliqa, an enterprise-grade blockchain development platform. Many of the more popular iterations of blockchain are not sufficiently robust to handle the high transaction rates needed today – not to mention what… Read More