Posts Tagged ‘hack’

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 […]

Cryptocurrency Exchanges Are Getting Hacked Because It’s Easy

Since 2011, there have been 56 cyberattacks directed at cryptocurrency exchanges, ICOs and other digital-currency platforms around the world, according to an analysis by Autonomous Research, a London-based financial-services research firm, bringing the total of hacking-related losses to $1.63 billion. Some of the biggest hacks occurred at Japanese exchanges Mt. Gox in 2014 and Coincheck […]

Cryptocurrency markets are juicy targets for hackers: Timeline

Investors’ shaky confidence in virtual currencies took another hit after crypto exchange Bithumb suffered a hack that saw about US$32 million worth of coins stolen. Boosters still present a bullish picture about the future of digital assets. But the more than US$1 billion in thefts – most of which are unsolved – is becoming a growing […]