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Tag Archives: Hacking

$1.4 Billion In Cryptocurrency Stolen In The Spring of 2020 Amid Coronavirus and WoToken Scams

Cryptocurrency intelligence company tracking crimes involving digital assets – CipherTrace – said in its latest report that crypto thefts, hacks, and frauds totaled $1.4 billion in the first five months of 2020.Cryptocurrency exchanges are becoming more aware of illegal funds coming from crimes and are implementing successful countermeasures, the firm added.$1.4B Worth Of Frauds In 2020 So FarAccording to the paper dubbed Spring 2020 Cryptocurrency Anti-Money Laundering and Crime Report, the...

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Hacked Crypto Exchange Coincheck Confirms Sensitive Data Breach, Funds are SAFU For Now

Popular Japanese cryptocurrency exchange Coincheck informed that it became a victim of a data breach a few days ago. While the company said that all customer funds are safe, the perpetrators may have gathered users’ personal information and emails.Unauthorized Breach At CoincheckAccording to the statement from the Japanese platform, “a third party” had accessed its domain registration service during the period from May 31st to June 1st, 2020. The perpetrators changed the domain registration...

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This Is How I Lost $1,200 Worth of Ethereum (ETH) In 100 Seconds: A Tale of a Costly Mistake

An interesting and certainly education Reddit thread surfaced today, showing the importance of being extra careful when it comes to dealing with sensitive cryptocurrency information online. A user lost $1,200 worth of ETH in a matter of seconds after accidentally leaving his mnemonic phrases on GitHub.For clarity, a mnemonic phrase or backup seed, as it is sometimes called, is a readable 12-word phrase that is used to represent the private keys of a crypto wallet. $1,200 Stolen In 100...

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Ledger and Trezor At Risk As Hacker Claims To Offer Wallet Users’ Personal Details

Users of the two leading cryptocurrency hardware wallets could be at risk after a hacker offered to sell personal details of thousands of the companies’ customers.Hacker Offers HD Wallet Users’ DetailsAs per multiple screenshots posted to Twitter, the hacker offered to sell personal details of customers from a wide range of financial services platforms. This includes Trezor and Ledger, KeepKey, Bank to the Future, and LoanBase.Source: @underthebreach, TwitterThe image below shows the hacker...

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$1.8 Million Cryptocurrency Lawsuit Against AT&T Will Move Forward, Judge Rules

The American telecommunication company AT&T received a blow this week, as a US judge rejected a motion to dismiss a lawsuit against the firm. Last year, a California resident filed a complaint alleging AT&T of wittingly assisting hackers in a SIM Swap attack that robbed him of 1.8m worth of various cryptocurrencies.AT&T’s Motion RejectedSeth Shapiro filed a complaint last year against the large telecommunication company. It claimed that employees from AT&T had helped hackers...

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Madonna And Lady Gaga’s Law Firm Hacked By Bitcoin-Demanding Cybercriminals

A recent report indicated that the hacker group known as REvil (or Sodinokibi) had attacked the website of a New York-based law firm representing famous individuals such as Sir Elton John, Madonna, and Lady Gaga.Interestingly, the group recently announced switching from Bitcoin to Monero as the primary method of ransom payments.REvil Hacks A Law FirmThe BBC report revealed that REvil has taken down the website of the New York law firm called Grubman Shire Meiselas & Sacks. The group...

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North Korea’s Lazarus Group Reportedly Increasing Cryptocurrency Cybercrime Amid COVID-19 Outbreak

According to recent reports, the infamous hacking organization, Lazarus Group, is stepping up its efforts to steal cryptocurrencies.The group with alleged involvement with the North Korean government is using the current global economic difficulties prompted by the COVID-19 pandemic to increase its profits from cybercrime activities.Lazarus Targets Your CryptoThe notorious hacking group has been primarily focused on cyber heists involving digital assets, according to a recent report. More...

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Trezor, Ledger and MyEtherWallet Users Be Aware: New Study By MyCrypto Exposes Fake Browser Extensions

Hackers are perhaps the villains in the cryptocurrency industry as they continue to look for better ways to steal digital currencies from both traders and exchanges. While there have been few reports about attacks on trading platforms recently, these bad actors have seemingly shifted more focus to new and unsuspecting crypto users. 1.4M XRP Lost To Fake Ledger ExtensionSince the start of the year, there have multiply reports from crypto wallet users who lost their funds after using several...

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Bitcoin Is Property, New Zealand Court Rules In Cryptopia’s Case

While reviewing the upcoming distribution of digital assets left in Cryptopia storage, Judge David Gendall at the High Court in New Zealand classified Bitcoin and all cryptocurrencies as “properties.” The decision means that users of the exchange are allowed to receive the remaining funds.New Zealand Court: Bitcoin Is PropertyCryptopia was a New Zealand-based cryptocurrency exchange with a significant number of users. In January 2019, however, the platform suffered two back-to-back hacks. The...

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IOTA’s Recent $2 Million Attack Leaves Open Questions To The Project’s Payment Processor MoonPay

It has been almost two weeks since the Trinity wallet attack, which has seen IOTA’s transaction coordinator halted.The fiat on-ramp was exploited by a hacker who leveraged the vulnerability to access IOTA’s Trinity wallet software, which was integrated with MoonPay. From there, funds were stolen from Trinity wallet users, with total losses believed to total around $2 million.Until the IOTA Foundation announced that it had been forced to pause the network in the wake of the hack, MoonPay was a...

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