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It was, by any reckoning, a huge haul. Between $400 million and $534 million dollars of NEM stolen, depending on whether you go on its value at the time or once the market had reacted to the news. At a press conference on Friday afternoon, the stunned Coincheck team painted forlorn figures as they came … Read more
One of Japan’s largest cryptocurrency exchanges has halted all withdrawals amidst rumors of a large-scale hack. Ripple worth $123 million was withdrawn from its wallet on Friday January 26. This was followed by a single withdrawal of 500 million NEM, with the altcoin’s foundation president Lon Wong then tweeting “It’s unfortunate that coincheck got hacked. … Read more
Cryptocurrency platforms have been prone to hacks throughout the years. Over the past 24 months, we have seen cybercriminals double down on their efforts to infiltrate such platforms and steal as much money as possible. In the case of Coincube, it seems a big heist took place not long ago. Its database was compromised, allowing an attacker to drain … Read more
Close to $400 million USD raised from initial coin offerings have been lost or stolen, a new research has found. The embezzled funds constitute more than 10% of what had been collected for the projects covered by the study. Meeting fundraising goals is getting harder for companies conducting new ICOs. Also read: Hackers Steal $400k … Read more
The IOTA project is again the target of public anger and criticism. This time the issue is a feature of the technology that apparently allowed scammers to steal around $4 million from many unsuspecting users. Also Read: U.S. Rating Agency to Issue Bitcoin and Cryptocurrency Grades Wednesday Poisonous Seeds IOTA, the network behind the 11th … Read more
Another cryptocurrency service provider has been hacked, costing hundreds of thousands of dollars worth of losses to Stellar users this time. DNS hackers have hijacked the Blackwallet server, redirected some of the traffic and made off with 669,920 XLM. Also Read: Japan’s Largest Bank to Launch Cryptocurrency Exchange Stellar Wallet Blackwallet Compromised The team behind … Read more
XBT.com, one of the web’s most desirable domain names, is up for sale. Its current owners, XBT Holding SA, are seeking 200 BTC – or about $2.9 million – for the site. The domain is coveted partially because XBT is the abbreviation that many institutional trading platforms use for bitcoin, and also on account of … Read more
Popular wallet developer Electrum has issued an emergency patch for a critical bug in its bitcoin wallets. The flaw allowed any website hosting the Electrum wallet to potentially steal the user’s cryptocurrency. A vulnerability meant that passwords were exposed in the JSONRPC interface, granting hackers complete control of the wallet. The first patch failed to … Read more
Earlier this week, the Bitcoin Cash community woke up to a rather nasty and unexpected surprise. Someone – or a group of people – had successfully compromised Reddit’s email provider. As a result, the assailant(s) managed to obtain an unspecified amount of Bitcoin Cash from multiple Reddit accounts. These balances were associated with the Bitcoin Cash tip bot, … Read more
Hardware wallets are regarded as one of the safest means of storing bitcoin and other cryptocurrencies. Each device grants the holder possession of their private keys and adds a PIN code plus other tamer-proof tech for enhanced security. Hardware wallets are not impregnable, however, as one British man found to his peril after purchasing the … Read more
