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Two Israeli Brothers Suspected of the Crypto Exchange Bitfinex Hack in 2016

Posted on June 23, 2019December 11, 2019 by Ravi Rd

The Israeli media outlet Posta reports that two brothers from Jerusalem, Israel, were arrested by investigators of the national cyber unit at Lahav 433 for stealing $100 million from global crypto exchanges after the investigation had already begun in 2017. In a different report, it is stated that one of the crypto exchanges is no other than Bitfinex, which was indeed hacked in 2016 and consequently over $70 million had been stolen. According to investigators,…

New Data Suggests Russian Hackers were Behind Coincheck $530M Crypto Hack

Posted on June 19, 2019December 11, 2019 by Jodie Lauren Smith

It’s now thought that Russians were behind one of the biggest crypto heists in history, the crypto exchange Coincheck Inc heist. In January 2018, hackers broke into Coincheck, a popular cryptocurrency exchange, and made off with over $500 million in digital tokens. At the time, Coincheck didn’t reveal any details about how their system was breached, other than to say that it wasn’t an inside job. When asked how such a substantial amount of digital…

Binance Hacked Out of $40.7M; Considered Rollback of Bitcoin Network!

Posted on May 9, 2019December 11, 2019 by Rehan Yousaf

Hackers have successfully hacked the world’s largest crypto exchange by volume and managed to steal $40.7 million in cryptocurrency. According to a post by the firm’s CEO, Changpeng Zhao published on the firm’s website, over 7,000 Bitcoin was stolen from the exchange. The post talks about a “large scale security breach” which was discovered by the company’s security team. The attack was carried out on multiple fronts through phishing, hacking, and stealing API keys, two-factor…

Hackers Looted Users’ Cryptocurrency Funds after Breaching into their Microsoft Outlook Accounts

Posted on May 1, 2019December 11, 2019 by Carolyne Walker

Recently, hackers breached Microsoft Outlook by abusing a Microsoft customer support portal that enabled them to read the emails of any non-corporate account. It appears that the same hackers have used the data to access the users’ crypto exchange account and steal their cryptocurrency funds. After the breach, a number of victims have reported that hackers stole their cryptocurrency funds. According to Motherboard, the hackers were able to gain the Microsoft customer support employee’s accounts…

Crypto Exchange Bithumb Hacked for Third Time in Two Years; Says Assets Are Safe

Posted on April 1, 2019December 11, 2019 by Rehan Yousaf

Hacks and thefts have long been one of the biggest concerns for cryptocurrency investors and stakeholders. Many well-known cryptocurrencies and exchanges have fallen victim to individuals or groups attacking their reserves. The methods of these attacks have been getting more and more sophisticated. Unfortunately, many cryptocurrency companies and exchanges have been failing to stop these attacks. This failure is hurting consumer and investor confidence in the crypto space as a whole. The latest cryptocurrency exchange…

Singapore-Based Crypto Exchange DragonEx has been Hacked; “All Platform Services Will be Closed”

Posted on March 26, 2019December 11, 2019 by Jodie Lauren Smith

DragonEx, the Singapore-based cryptocurrency exchange has been hacked according to a statement by the company on its official Telegram channel. The statement reads: “On March 24th, DragonEx has encountered attacks from hackers, our users’ crypto assets and Platform crypto assets were transferred and stolen. Part of the assets were retrieved back, and we will do our best to retrieve back the rest of the stolen assets. Several Judicial administrations were informed about this cyber crime…

18-Year-Old Japanese Hacker Arrested for $135K Cryptocurrency Theft from Monappy

Posted on March 17, 2019December 11, 2019 by Carolyne Walker

An 18-year-old Japanese boy, whose name is kept by the police because he is a minor, was handed to prosecutors over ¥15 million worth of cryptocurrency (around $135K) theft last year by taking advantage of vulnerabilities presented in the cryptocurrency wallet website Monappy. Local news outlet The Japan Times also reported that the case is one of its kind in Japan; this is the first time that criminal charges have been filed against a hacker…

20-Year-Old College Student Sentenced to 10 Years in Prison for SIM Hacking and Stealing Bitcoin

Posted on February 4, 2019December 11, 2019 by Julie Williams

Over the past years, fraudulent activities through SIM swapping have been the rave. Phone numbers of unsuspecting victims are being hijacked through SIM swapping and used to access relevant and sensitive information in the victim’s phone; crypto wallets are a good target. Crypto wallets are designed to be protected by the device. Consequently, anyone who gains hold of the necessary details is considered the owner and allowed uninterrupted access to the wallets. This nefarious act…

New Analysis Suggests $16 Million in Crypto Stolen in Cryptopia Hack

Posted on January 24, 2019December 11, 2019 by Carolyne Walker

On January 14th 2019, the New Zealand-based crypto exchange Cryptopia suffered a security breach which resulted in losses of $16 million dollars worth of Ethereum and other ERC20 tokens. According to an investigation conducted by Elementus, Cryptopia hack was different from the previous exchange attacks of this nature and the worth of stolen ETH and tokens is much higher than expected. Moreover, Max Galka, co-founder and CEO of Elementus, has also warned Cryptopia about 2,000…

Experts: Ryuk Ransomware was launched by Russian Cybercriminals, not North Korean Hackers

Posted on January 15, 2019December 19, 2019 by Julie Williams

One of the largest media groups based in the United States was a victim of a cyber attack called Ryuk ransomware during the just-concluded Holidays. The attack was attributed to North Korean state hackers because of the 2017 Hermes ransomware attack they conducted as part of a hacking operation in Taiwan. The recent Ryuk ransomware contained some traces of the Hermes ransomware, and as such, it was safe to conclude that the attack was from…

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