Tagged: security breach

September 2, 2020 @ 9:37 pm By Omar Faridi  |  

Indonesia based Tokopedia, an e-commerce marketplace that had announced a $1.5 billion funding round from Softbank, Alibaba, Temasek back in January 2020, has introduced Dhanapala, a standalone or independent peer to peer (P2P) Fintech lending platform. The Dhanapala app is currently available for download to… Read More

July 27, 2020 @ 5:18 pm By Omar Faridi  |  

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

July 12, 2020 @ 11:34 am By Omar Faridi  |  

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

June 30, 2020 @ 7:32 am By Omar Faridi  |  

Russia’s blockchain or distributed ledger technology (DLT)-enabled voting system for the constitutional amendments recently suffered an attack through an election observer’s node. State-owned news outlet TASS reported that the attack took place on June 27, 2020, at about 8 PM CET. A spokesperson from government… Read More

April 28, 2020 @ 9:13 pm By Omar Faridi  |  

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

March 21, 2020 @ 4:14 pm By Omar Faridi  |  

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

March 1, 2020 @ 12:27 pm By Omar Faridi  |  

A former employee of Digitex, a digital asset derivatives trading platform, reportedly began leaking compromised know-your-customer (KYC) data via Telegram.  The stolen data includes passport and drivers license images and other sensitive information which allegedly belongs to over 8,000 traders registered on Digitex.  The Seychelles-headquartered… Read More

February 15, 2020 @ 10:21 am By Omar Faridi  |  

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

February 14, 2020 @ 1:30 am By Omar Faridi  |  

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

August 7, 2014 @ 6:03 pm By Samantha Hurst  |  

Australia-based crowdfunding and online fundraising organization, mycause, announced the credit cards of up to 12,000 donors and charity partners have been “compromised” when the platform was hacked last week. According to ABC News, an international hacking operation targeted the crowdfunding platform and some of the credit… Read More