Tag Archives: Hacking

The popular cryptocurrency lending service Cred has announced that it has temporarily suspended all funds inflows and outflows. Without disclosing many details, the platform said it’s cooperating with law enforcement authorities to investigate an incident. Cred Suspends Deposits And Withdrawals The United States-based crypto lending platform, which recently announced joining Visa’s fast track program, updated its customers on Twitter regarding the latest troubling...

In what seems to be a case of black hat hackers masquerading as the internet’s self-professed Robin Hoods, two charitable organizations have received mysterious bitcoin donations from a cybercriminal group. The generous gesture is worth 0.88 BTC (around $10,000), with the donating hackers wanting to “make the world a better place.” Hacking Corporations To Give Back To The Society? As per the latest report published by BBC, this altruistic act of benevolence coming from online...

The deadline for submitting a rehabilitation plan for reimbursing Mt. Gox creditors has been delayed once more – this time to December 15th, 2020. As CryptoPotato reported before, the Tokyo District Court had issued an order indicating that the submission deadline was until October 15th.  Nobuaki Kobayashi, the Mt. Gox rehabilitation trustee who has been designing the plan for more than a year, announced the delay earlier today.  The statement reads that as “there are...

A recent report indicated that approximately 20 Israeli cryptocurrency executives were extorted after a hack and identity theft in a coordinated cyberattack at the start of September.The country’s intelligence agency Mossad and the internal security service Shin Bet were involved with the investigation.20 Israeli Crypto Execs HackedAccording to the report, the coordinated attack took place at the beginning of September. The hackers’ group name remains undisclosed, but people familiar with the...

October 15th is approaching, and that’s the latest deadline for submitting a rehabilitation plan for reimbursing the Mt. Gox creditors. With them claiming over 150,000 bitcoins, which is about 15% of the total value owed to creditors, the community speculates on the potential market impact.October 15th: What You Need to KnowThe Mt. Gox case has been going on for years, and it’s arguably one of the biggest, if not the biggest hacks against a cryptocurrency exchange.In a document released on...

After losing more than $250 million worth of cryptocurrencies in a security incident on September 26, KuCoin may have found new evidence to identify those responsible for the hack.It’s been exactly one week since Singapore-based cryptocurrency exchange KuCoin suffered what would be the third-largest hack in the history of crypto.And now, the exchange claims that after a thorough investigation, it has found the suspects of the siphoned $280 million with “substantial proof at hand.”KuCoin CEO...

A UK national has pled guilty and will be sent to prison for his involvement in the notorious hacker’s group “The Dark Overlord.” The organization breached and stole sensitive information from numerous companies and demanded the ransoms to be paid in Bitcoin.The Dark Overlord Member ImprisonedThe US Department of Justice announced yesterday that Nathan Wyatt, 39, has pled guilty to conspiring to commit aggravated identity theft and computer fraud. Consequently, he received a sentence to five...

A bitcoin wallet containing a little over 69,000 BTC is doing the rounds in hacking communities all over the internet. The reason? It’s obvious.Everyone (read seasoned hackers and self-professed bitcoin wallet crackers) wants to break it open and take it all. Or at least, a slice of the almost $750 million pie. For the last two years, however, no one has been able to ‘strike it lucky.’Hackers Tried Cracking The 7th Largest Bitcoin Wallet In The WorldAccording to cybersecurity expert Alon Gal,...

In yet another jolt to the decentralized finance (DeFi) community, margin, and leverage-based lending and trading platform, bZx became the target of another hack. In the hack, which was much bigger than the previous attacks, hackers made away with $8 million worth of cryptocurrencies.bZx Hackers Deal 8 Times More Damage To The DeFi Protocol This TimeDeFi lending protocol bZx was attacked again. This time hackers drained a little more over $8 million worth of cryptocurrencies leveraging a...

Two significant NetWalker ransomware attacks have surfaced in the past week. After Argentina’s official immigration agency suffered a hack demanding $4 million in Bitcoin, a recent report revealed that Pakistan’s largest power producer was compromised. The perpetrators demand up to $7.7 million in BTC.$7.7M In BTC Demanded From Pakistan Power ProducerThe cybersecurity website Bleeping Computer reported earlier that the sole electricity provider for Karachi, Pakistan, namely K-Electric, has...