Tag Archives: Hacking

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,...

NULS Blockchain platform has become the latest victim on the success list of crypto hackers after a security breach leading to the theft of about $480,000 worth of NULS token. According to an official announcement about the situation on Twitter, NULS said that the hackers compromised the account of the NULS team, and a total of 2 million tokens was stolen, which is about 2% of over 73 million tokens in circulation. Cause of Attack And The Next StepOut of the stolen 2 million tokens, 548,354...

The South Korean cryptocurrency exchange, UPbit, is showing suspicious activity which some people are linking with a potential hack. Over $50 million have been withdrawn from the exchange to an anonymous account, and all transactions have been stopped. The exchange has since come up with an official statement, saying that it will cover all of it with corporate funds.UPbit Exchange Hacked?The cryptocurrency exchange UPbit has stopped all withdrawals and deposits for the moment. The company is...

Hacktivist Phineas Fisher is willing to pay money to anyone capable of carrying out his agenda.Fisher: I’m Doing This to Benefit SocietyWhile that is not his real name, Fisher is a man involved in hacktivist activities, and he’s offering a sum of roughly $100,000 in BTC funds to anyone willing to team up with him and carry out various hacks on big corporations as part of a “Hacktivist Bug Hunting Program.” Those who agree are required to leak important information to the public that large...