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Turkish crypto exchange Btcturk has suffered a cyber attack which caused unauthorized withdrawals from the platform. Crypto exchange Binance is assisting Btcturk with investigating the breach and has already frozen over $5.3M in stolen funds, Binance’s CEO has disclosed. Btcturk has reopened deposits and withdrawals for all ERC20 cryptocurrencies on the ERC20 network. Binance Assisting … Read more
Loopring’s network suffered a significant breach, with hackers stealing over $5 million. This incident has led to a predictable drop in Loopring’s market cap, as trust among the crypto community has diminished. The ensuing Fear, Uncertainty, and Doubt (FUD) has compounded a 22% decline in $LRC over the past four days, potentially presenting a buying … Read more
Explore the inner workings of a cyberattack, and understand its stages and techniques to strengthen cybersecurity defenses. Go to Source Powered by WPeMatico
On March 2, 2023, FTX debtors released their second stakeholder presentation, which contains a preliminary analysis of the now-defunct cryptocurrency exchange’s shortfalls. The latest presentation reveals a significant shortfall, as approximately $2.2 billion of the company’s total assets were found in FTX-related addresses, but only $694 million is considered “Category A Assets,” or liquid cryptocurrencies … Read more
“Even though the tradecraft is not perfect right now… it’s still a fresh market for North Korea,” says former CIA analyst Soo Kim. Go to Source Powered by WPeMatico
Hackers from North Korea have nearly doubled their thefts since 2019 by amassing $400 million in crypto via cyber attack in 2021. Go to Source Powered by WPeMatico
Australian experts suggest blockchain is an integral part to protecting Australia’s business and government from cyber attacks. Go to Source Powered by WPeMatico
The U.S. government has charged two Chinese nationals involved in laundering stolen cryptocurrency worth $100 million from an exchange allegedly for the benefit of North Korea. They are linked to the U.S.-designated North Korean state-sponsored Lazarus Group. A total of 113 cryptocurrency accounts and addresses used to launder funds have been identified. Also read: SEC … Read more
The private details of 15 million bank debit cards in Iran have been published on Telegram in the largest banking security incident in the country’s history. Iranian authorities so far try to blame the breach on common criminals but cyber security experts suspect it was the work of intelligence agencies from the U.S. or Israel. … Read more
In this modern era of technology and connectivity, cyber attacks have become significantly more common. Despite numerous warnings from security experts, consumers remain prone targets for criminals who are not necessarily intent on backing down as of yet. The year 2019 has seen some interesting types of cyber attacks so far, which is not necessarily … Read more
