Tag Archives: Security & Ransomware

Not too long ago, Live Bitcoin News reported that Akropolis – a crypto lending service – was the victim of a crypto hack that saw more than $2 million in Dai cryptocurrency tokens stolen practically overnight.Akropolis: If You Work With Us, We’ll Work With YouAkropolis has not gone to the police or law authorities yet to discuss the present case. Instead, it’s taking a different approach, proposing a partnership with the hacker and a small financial reward for his (or her) willingness to...

It’s happened again, folks. Another cryptocurrency exchange has confirmed a hack. This time, the alleged victim is the trading platform Liquid, which said in a statement that it’s still investing the specifics of the attack including how much was potentially compromised and who might be responsible.Liquid Is the Latest Subject of a CyberattackIn a blog post, the company’s man in charge Mike Kayamori mentioned what occurred:“On the 13th of November 2020, a domain name hosting provider that...

The cryptocurrency space has become synonymous over the years with hacks, cyberthieves and malicious behavior. It has been announced that another digital currency platform has fallen victim to such antics. This time, the victim happens to be Akropolis, which is reporting more than $2 million in Dai cryptocurrency stolen from its reserves.Akropolis Is the Latest Exchange to Be CompromisedAkropolis is a crypto lending service that allows crypto holders to pool all their digital funds together...

Another bitcoin scam has entered the mix. This time, the scam is heading towards investors with a little help from Twitch. The platform has several channels that consistently go unchecked and unmonitored by regulators, leaving many dark corners for malicious actors to hide.The Bitcoin Scam That’s Using Twitch to Get Its MoneyOne of the most popular Twitch channels – one dubbed Elonmusk859 – has been getting a lot of traffic as of late. It was discovered by a Reddit user who claimed that the...

The website devoted to Donald Trump’s reelection campaign has apparently been hacked in what appears to be the latest example of a cryptocurrency-relater cyberattack. Trump is looking to garner four more years as president of the United States in less than a week on November 3 of this year.Trump Is at the Center of a Crypto-Based HackPresently, those involved in his campaign are looking into what happened and examining what might have caused the security breach. They explain that while the...

It’s happened again, folks. Bad actors have made their presence known in the cryptocurrency space and another exchange has been targeted in what appears to be a rather expensive hack. Harvest Finance, a web portal that allows consumers to trade and invest digital currencies and then garner interest on their holdings, has been targeted, and reports losing as much as $24 million in a recent attack.Harvest Finance Is the Latest Hacking VictimThis is nothing new, and at this stage, it’s likely...

The trial of Alexander Vinnik – the man allegedly responsible for a ransomware system that stole more than $157 million – has begun in Paris.Vinnik Will Now Stand Before a JudgeThe story behind Vinnik and his capture is a strange one. Vinnik was initially part of a cryptocurrency exchange known as BTC-e, which at one point, was one of the world’s largest crypto trading companies.Throughout his time with the trading platform, he served as a technical programmer, though it is said that he...

A young man who works in the cybersecurity industry that’s considered excellent at what he does is now helping many companies and government agencies eliminate the threat of ransomware. His name is Alessandro Euro, and he’s only 16 years of age, yet many institutions – from Twitter, Robinhood, Capital One and others – are looking for his expertise to help get rid of this problem once and for all.Getting Ransomware Out of the WayRansomware has become a hugely popular method of gaining access...

The Department of Justice (DOJ) has unveiled its new 80+ page plan to combat illegal cryptocurrency activities such as terrorist funding, money laundering and outright theft.Department of Justice: We Will Stop Crypto Crime Once and For AllThe crypto scene has come a long way in the last ten years. Unfortunately, it is still marred, to a certain degree, by a lack of regulation. Many times, criminal activity either goes unnoticed or slips through the cracks of even some of the largest trading...

It’s happened again, folks. Another innocent, unsuspecting cryptocurrency exchange has fallen victim to hackers and lost millions in digital funds. This time, the target was Ku Coin in Singapore, one of Asia’s most popular crypto trading platforms, and the total taken exceeds $150 million.Ku Coin Was Hit HardThe exchange made the following announcement on its website:We detected some large withdrawals since September 26, 2020. According to the latest internal security audit report, part of...