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Hash power broker Nicehash denies that it enables bad actors to use its hash renting platform to launch 51% attacks on blockchain networks. The broker insists that it does not have any way of monitoring or determining which blockchain is benefitting from a particular algorithm hash data. Only buyers of hashrate know this, as well … Read more
Enacting such legislation effectively could be a major challenge, however. Go to Source Powered by WPeMatico
Forensic analysis suggests the recent Ethereum Classic blockchain reorganization was a carefully orchestrated malicious attack. Go to Source Powered by WPeMatico
According to a recent study, bitcoin gold (BTG) market prices are being manipulated by a single whale who holds a significant portion of the bitcoin gold in circulation. The Bitcoin Gold network was recently hit with a 51% attack that caused two blockchain reorganizations. The team of BTG developers introduced a new soft fork concept … Read more
The Bitcoin Gold (BTG) network suffered another set of 51% attacks on January 23-24, as roughly 29 blocks were removed in two deep blockchain reorganizations (reorgs). Reports indicate that more than 7,000 BTG was double spent as the chain suffered a loss of $70,000 in two days. Also read: Bitcoin Gold Hacked for $18 Million … Read more
Hashpower rental marketplace NiceHash has frozen its repayment program for users affected by a major hack in Dec. 2017 due to insufficient cash flow Go to Source Powered by WPeMatico
Nicehash, the cloud mining service that got hacked in December, has returned 60 percent of the stolen bitcoins, according to local media. After the cyberattack last year, the Slovenian company promised to fully reimburse its customers and has been doing it on a monthly basis. The police investigation into the case is still ongoing. … Read more
First it happened to verge. $1.8m of cryptocurrency swiped in a matter of hours. Then to bitcoin gold, plundered in an $18m double spend attack. Then to verge again, this time to the tune of $1.7 million. Along the way, monacoin is also believed to have been hit. Someone is methodically working their way through … Read more
Microsoft detected and blocked a wave of cryptojacking attacks this week that were using the “latest malware family” #NEWS Go to Source Powered by WPeMatico
The current state of the so-called ’Threat Intelligence’ industry is fundamentally broken. When looking at just cryptocurrency alone, we have seen numerous examples of successful attacks. These have ranged from the collapse of the DAO to recent scandals such as the Blackwallet hack and NiceHash digital heist, which represented losses of $400k and $63million, respectively. … Read more
