Tag Archives: Security & Ransomware

A man named Andrew Schober is accusing two young men in Britain of stealing his cryptocurrency fortune and refusing to give it back. Andrew Schober Is Working to Get What’s His The situation is unique in the sense that the two culprits in question were initially still minors when they committed the theft. Named Benedict Thompson and Oliver Read, both are alleged to have stolen the money three years ago in 2018 from Schober, who allegedly owned a crypto wallet known as...

The strange and crazy circumstances surrounding the recent hacking of the Poly Network have reached an odd, yet definitive conclusion. The Poly Network Is Rich Again! Not long ago, the Poly Network – which hosts several blockchains including those of Ethereum, Binance and of course, Poly – stated that it was the victim of a hack that saw more than $610 million in digital funds practically vanish overnight. The company halted all withdrawals and deposits and said in a...

A crypto exchange known as Liquid – which is based in Japan – has been hacked, leaving it short of nearly $100 million in digital funds. Liquid Has Lost a Lot of Money The hackers involved in the incident have allegedly taken as much as $97 million in digital currency at the time of writing. Several assets – including bitcoin, Ethereum and Litecoin – have been stolen. Liquid has reported that the hacker is allegedly transferring this money to as many as four separate...

Not long ago, Live Bitcoin News reported a story that the Poly Network had been hacked. The organization lost more than $610 million in digital funds at the hands of a hacker who claimed in a future Q&A session that he was only doing it “for fun.” The Poly Network May Employ Its Hacker In a strange twist, the hacker ultimately returned more than half of the stolen money, saying that he was never about the riches but rather that he was interested in taking advantage...

The state department is offering digital currency rewards of up to ten million dollars to hackers who allegedly help them gather information on bad actors. The State Department Seeks to Pay Those Who Can Find Bad Actors Over the past few months, cyberattacks have become far more prominent, with incidents like the one involving the Poly Network leaving accounts dry of more than $600 million. While much of that money has been returned and the hacker appears to be a little...

The Poly Network – which hosts several blockchains such as Binance, Ethereum and Polygon – has been hacked, resulting in more than $610 million worth of cryptocurrency being stolen. This is the largest decentralized network attack in the history of the cryptocurrency space. The Poly Network Is the Latest Crypto Hack Victim In a recent Q&A session regarding the event, a participant spoke out and claimed to be the person behind the attack. In the session, the...

Online search giant Google is being criticized for its alleged lack of action against a bitcoin scam that takes on the form of a legitimate published newspaper article. Google Crypto Scams Are Becoming Too Prevalent The scam looks like a piece published by British media platform The Daily Mirror. The piece includes an interview with a person that is alleged to be Britain’s youngest millionaire, who reportedly earned all his money through crypto investments. The headline...

Bitcoin SV (BSV) – a currency that emerged a few years ago through a hard fork of bitcoin cash – has been subjected to a 51 percent attack. Analysts claim that the attack may have been an attempt to fully destroy the asset. Bitcoin SV has now dropped by more than five percent. BSV Is Under Attack A 51 percent attack usually occurs through the hands of a miner or miners that are looking to somehow profit from a particular asset’s blockchain. The persons involved try to...

It’s happened again, folks. Another major cryptocurrency scam is in the books, and a man simply going by the name of “Joseph” is the 70-year-old victim sadly paying the price. Joseph Has Lost Some Serious Dough Joseph ran his own business for many years and saved up a lot of money for his retirement. At 70 years of age, he was looking to the days where he could kick back and possibly purchase a mortgage-free bungalow that would allow him and his wife to enjoy their...

Digital Mint is a company that provides tools and funds to companies that have fallen victim to bitcoin and crypto-based ransomware attacks. Digital Mint Is There to Help with Crypto According to security firm Cybersecurity Ventures, a business will fall victim to a ransomware attack every 11 seconds. In recent months, many of these attacks have demanded not cash or standard fiat, but rather bitcoin or other forms of crypto. One of the biggest – and most recent examples...