Security News | Cryptopolitan

VeChain hack: $6.7M lost in buyback wallet breach

By Ahmad Asghar Dec 13, 2019

VeChain, an Ethereum based enterprise blockchain platform was hacked resulting in loss of more than one billion VET tokens worth …

Security News

Chainalysis doubles customer total; adds Bitfinex

By Manasee Joshi Dec 13, 2019

Crypto security firm Chainalysis is witnessing a boon like no other as reports reveal that the firm has increased its …

Security News

SolarisBank announces custody services for digital assets

By Manasee Joshi Dec 12, 2019

The Berlin-based fintech organization with a banking license has announced the launch of custody services for virtual currencies on Wednesday, …

Security News

CyrusOne hit by ransomware attack threatening over user data

By Ahmad Asghar Dec 05, 2019

Texas-based CyrusOne has been attacked by a ransomware attack, as reported by ZDNet. CyrusOne hit by a ransomware attack CyrusOne, …

Security News

New North Korean MacOS cryptocurrency malware discovered

By Gurpreet Thind Dec 04, 2019

A new MacOS cryptocurrency malware has once again bought the infamous North Korean Lazarus Group again in the spotlight. A …

Security News

Crypto assets facilitate criminal activity but so does the dollar

By Ahmad Asghar Nov 30, 2019

Anyone who does not like crypto can use this one argument to support his case: Crypto supports criminal activity. However, …

Security News

Stox: Angry investor sues company for causing loss of $430k

By Ahmad Asghar Nov 29, 2019

Blockchain-focused Stox is facing a lawsuit from an angry investor that claims the company caused him to lose over 430,000 …

Yesterday, the South Korean crypto trading platform Upbit was hacked and around 50 million dollars of Ethereum were stolen. Now it appears that part of that money is on the run. Whale Alert reported that Ethereum worth around 16.5 million dollars were transferred from Upbit Hack that occured recently. Apparently, the hackers are trying to liquidate the funds as soon as possible. Another user reported that the stolen funds were stored in several "parking addresses." The funds were transferred to multiple addresses as hackers seem to divide the sum among the people involved in the hack. Since then the attackers have set up five new addresses with each possessing varying degree of the Ethereum spoils. It is expected that they will continue dividing the amount in smaller and smaller pieces to avoid suspicion. The attackers are likely to liquidate the funds slowly rather than rushing it. The hackers have been testing the waters to see whether they can safely withdraw the tokens or not. They sent ETH to both Binance and Huobi to verfiy and sent less than a single ETH to those exchanges. While Binance has a police to freeze all stolen funds on its platform, Huobi is not known to have any such commitments. It is uncertain whether the attackers will be able to cash out from Huobi but it is can be said that they won't be able to cash out from Binance. However, the attackers might divide the ETH in many minute sums and liquidate through other less-regulated exchanges. Upbit might still be able to recover the funds if it monitors all suspcious transfers. In this scenario time is of the essence, Upbit can resitre funds if the hackers try to rush with the funds. However, it seems unlikely as they are still dividing the sum into smaller amounts. Regardless, Upbit can restore the funds if the hackers make a slip up.

Security News

Hackers move $16.5 M Ethereum of stolen funds from Upbit

By Ahmad Asghar Nov 28, 2019

Yesterday, the South Korean crypto trading platform Upbit was hacked, and around 50 million dollars of Ethereum were stolen. Now …

Security News

Zilliqa boosts AML compliance by partnering with Elliptic

By Manasee Joshi Nov 28, 2019

The high-flowrate public blockchain platform Zilliqa has joined forces with the blockchain analysis firm Elliptic, that assists digital currency exchanges …

Hackers are now scanning IP networks to find Docker platforms to mine Monero

Security News

Hackers are now scanning IP networks to attack Dockers with Monero mining malware

By Ahmad Asghar Nov 27, 2019

Reportedly, a group of hackers is now scanning the internet to search for IP networks with exposed Docker platforms to …

Security News

New Zealand police seized crypto worth $6.7M from movie pirate

By Ahmad Asghar Nov 23, 2019

New Zealand law enforcing agencies have arrested Jaron David Mclvor, a programmer and movie pirate. The police also seized crypto …

Security News

House of Commons email scam on the rise before 2020

By Saad B. Murtaza Nov 22, 2019

The cryptocurrency world is riddled with various kinds of scams and hacks, and the latest is House of Commons email …

Category: Security News