Posts Tagged ‘hack’

Exit Scam or Hack? Canada’s MapleChange Loses $5 Million of Customer Funds

Canadian crypto exchange MapleChange has been hacked. The company is reporting over $5 million in losses – virtually all its funds – and says it cannot pay any of its customers back. However, many are questioning whether the company was hacked or if the loss was something planned by internal representatives, as the operator of […]

Trade.io Reports $8 Million Stolen Crypto Funds from Cold Wallet at Bank

Swiss blockchain company Trade.io reported nearly $8 million in cryptocurrency funds stolen from a cold storage wallet located in a safety deposit box at a local bank. The company reports to have lost 50 million Trade Tokens (TIO), its own cryptocurrency. The assets were transferred to two separate exchanges – Kucoin and Bancor – before Trade.io […]

PSA: Hackers Are Using Fake Flash Updates to Hide Cryptocurrency Mining Malware

It has been discovered that fake Adobe Flash updates are being used to surreptitiously install cryptocurrency mining malware on computers and networks, creating severe losses in time, system performance, and power consumption for affected users. According to Unit 42 threat intelligence analyst Brad Duncan, some samples impersonating Flash updates have borrowed pop-up notifications from the official […]

Cryptocurrency: How To Avoid Getting Hacked

Hacks in the cryptocurrency space are problematic since transactions are irreversible. Since the network is decentralized and trustless, it doesn’t have a mechanism to discriminate between transactions that are made with stolen coins or legitimate ones. Without the ability to reverse a transaction, the protections around preventing illegitimate transactions become incredibly important. By implementing good […]

Cyber criminals increasingly target cryptocurrency, research finds

Cybersecurity firm McAfee found that the use of cryptocurrency mining malware increased by 86 percent during the second quarter of 2018. The increase continues a trend that has already escalated over the past few months. Bitcoin has a $232 billion market, and approximately $1.5 billion worth of cryptocurrency has been stolen in the past two years, […]

Japanese bitcoin exchange is robbed of $60 million worth of cryptocurrency

Japanese cryptocurrency exchange Zaif has been robbed of $60 million worth of digital coins. Zaif was hacked on September 14th during a two-hour time frame. Three days later, it uncovered server problems and began to investigate. By September 18th, it confirmed it was hacked and notified authorities. Of the $59.67 million stolen, almost $20 million belonged […]

Hackers create 1B fake EOS to rob ‘decentralized’ cryptocurrency exchange

Thanks to a security vulnerability, hackers have flooded a “decentralized” token exchange platform with 1 billion fake EOS. By the end of the heist, the thieves were able to steal almost $58,000 in cryptocurrency directly from users. The hackers created a new EOS-based token, named “EOS,” and used it to illegitimately purchase BLACK, IQ, and ADD tokens from […]

Brazilian Crypto Investment Platform Atlas Hacked, Data Of 264,000 Users Leaked

Atlas, a popular Brazilian cryptocurrency investment platform, has been hacked. Although the company claims users’ funds are safe, the personal information of over 264,000 of its customers has been leaked. Acknowledging the incident, Atlas issued a statement revealing it’s going to launch an investigation into the incident while working with the proper authorities. It added […]

Kaspersky Lab: North Korea Hacks Cryptocurrency Exchange With ‘First’ macOS Malware

North Korean hackers have infected a cryptocurrency exchange with malware for both Windows and macOS for reportedly the first time, according to Russian internet security company Kaspersky Lab. The malware — dubbed “AppleJeus” — made its way into the systems of an unnamed exchange after an employee downloaded a “tainted” app. Kaspersky’s report states that in […]

KICKICO ICO Hacked, Suffers Loses of $7.7 Million USD After Smart Contract Flaw

Unlike most of the hackings so far, KICKICO’s hack attack was unique because the attackers were able to get a private key of the KickCoin smart contract. This way, they were able to get access to the smart contracts of the company. During this period, the attackers destroyed about 40 addresses and created 40 new […]