Tag Archives: Hacking

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...

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...

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...

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...

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...

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...

Cold storage hardware wallets are considered to be the most secure way to hold Bitcoin and other cryptocurrencies. The main reason for that is because the private key is never exposed to the internet, unlike hot wallets.Trezor is believed to be the most popular hardware wallet, together with Ledger. During last October of 2019, Kraken Security Labs had announced that they had found a critical weakness in a few of Trezor’s cryptocurrency hardware wallet devices, namely the Trezor One and...

The Saudi Crown Prince allegedly hacked Amazon CEO Jeff Bezos’ iPhone in May 2018. Two U.N. investors brought the news to light this week. It rocked the entire global community. Prince Mohammad bin Salman may have been able to compromise Bezos’ smartphone WhatsApp text.That something so innocuous as a text could be a cyber exploit stunned the world. High-level U.S. government officials are now on alert about their cybersecurity.But they’re not the only ones who should be worried.If Jeff Bezos...

The popular blockchain analytics company, ChainAnalysis, recently posted a review of how 2019 related to previous years in terms of cryptocurrency exchange hacks. The data reveals an increased number of attacks, but less stolen money compared to 2018.More Cryptocurrency Hacks In 2019The report informs that hackers attempted the most amount of attacks against cryptocurrency exchanges last year. Eleven such efforts were made in 2019, while for comparison, there were only six in 2018. As per...

In November last year, the South Korean cryptocurrency exchange, UPbit, was hacked. The perpetrators took approximately $50 million worth of Ethereum. A new report shows that $3.2 of the stolen funds is already laundered using small transactions towards numerous other exchanges.$3.2 M Of ETH LaunderedDuring November in 2019, Cryptopotato reported that the popular South Korean crypto exchange, UPbit, was hacked. At the time, over $50 million worth of the second-largest cryptocurrency,...