Crypto crime: Over $7 billion has been stolen in hacks and scams
About $7.6 billion has been lost in the cryptocurrency industry since 2011. There have been about 113 exchange hacks and 23 scams since these years. Cases of crypto crime have been rising for years now. As the digital currency industry continues to gain adoption worldwide, it also attracts cyber-criminals who plague the exchanges with security […]
New Brazilian malware targets crypto exchange apps
New Brazilian malware is compatible with infecting hundreds of crypto and mobile bank apps. Kaspersky Lab said the malware is spreading beyond Brazil to other countries. The Moscow-headquartered cybersecurity company Kaspersky Lab has reportedly discovered a new banking malware, which originated from Brazil. The Brazilian malware, known as “Ghimob,” is rapidly spreading across the country […]
Former Cryptopia staffer allegedly stole $246K worth of cryptocurrency
A former staffer at Cryptopia allegedly stole almost $250K worth of cryptocurrency from the exchange. However, the charges against him are unrelated to the exchange’s cyber intrusion case. A report on Tuesday has informed that a former employee of Cryptopia, the now-defunct New Zealand cryptocurrency exchange, has been charged with theft. The staffer allegedly stole […]
TRON Network: Justin explains a now-fixed attack on TRON during upgrade
TRON blockchain suffered a brief attack earlier today. The CEO explained that the attack was launched via a malicious contract. However, all services have been restored. Earlier today, the TRON network suffered a malicious attack, which took reportedly took down the network for quite some time. Some of the blockchain users lamented after learning about […]
Desperate Harvest Finance offers $1 Million Bounty for Hacker
Harvest Finance put out $1 million bounty for Hacker Hacker stole over $24 million in crypto from customers Controversial DeFi exchange Harvest Finance has now offered a bounty of $1 million to whoever can give them the hacker(s) identity responsible for the October 26th theft of over $24 million in cryptocurrency from their customers’ crypto-wallets. […]
Ethereum farm compromises airport security
Illegal Ethereum farm caused airport disruption one person arrested, more suspected Airports, airlines, and their staff have been hit incredibly hard by the COVID-19 pandemic. The outbreak has seen passenger traffic drop by 80%+ and cost airports millions of dollars in lost revenue. Under those conditions, it’s not surprising that at least one airport employee […]
Ledger victim of fresh phishing attack
Users received phishing emails containing software that led to a loss of funds. The hack is linked to a customer data leak from June of 2020. The company has warned its users to stay vigilant and verify incoming requests. Renowned cryptocurrency wallet provider, Ledger, has fallen prey to yet another phishing attack. The attack is […]
Crypto hackers donate $20K worth of Bitcoin to Charity organizations
Crypto hackers sent a total of $20,000 to charity organizations. The non-profits rejected the donations since it was made by hackers. A recent report from BBC has informed that some darkside crypto hackers have donated about $10,000 worth of cryptocurrencies, precisely Bitcoin (BTC), to two different charity organizations. This particular act has left many cybersecurity […]
Lemon Duck: Monero mining botnet threatens Windows 10 users
Lemon Duck attacks have surged within the past two months, with most targets being Windows users. The malware infects computer systems to mine Monero. Security researchers at Cisco’s private cyber threat intelligence and research team, Talos Intelligence, recently warned about the increased activity of Lemon Duck, another digital currency mining botnet. The information shared by […]
DeFi project hacked again: WLEO loses $42,000 to recent hacker
The Wrapped Leo (WLEO) DeFi project has lost over $40K in a recent attack. The LeoFinance team says they do not know how the WLEO contract got exposed, but they are investigating the matter. Unarguably, decentralized finance (DeFi) has become the major focus of several hackers in the entire cryptocurrency space, given the influx of […]
KuCoin Exchange Hackers Identified
According to an official statement by company management, the culprits behind the recent KuCoin exchange multi-million dollar money heist has been identified. Furthermore, according to Johnny Lyu, he asserted that disciplinary measures are being taken against the attackers, although there was no further information revealed concerning such actions. Third – Largest Crypto Heist KuCoin exchange […]
Chainalysis: Stolen KuCoin LTC exchanged for BTC on regulated exchange
The blockchain data firm, Chainalysis, recently released a report providing insights on the whereabouts of the assets worth millions of dollars robbed from KuCoin on September 25. The perpetrator has been primarily utilizing DeFi platforms like Kyber and Uniswap to wash the stolen assets. However, the blockchain analytics firm disclosed that some money had found […]
$10 million ethereum heist averted by pseudonymous ethical hacker
A pseudonymous hacker impeded a $10 million ethereum heist, after uncovering a fragility in an ETH smart contract. Whitehat hacker samczsun, who specializes in blockchain security research, posted a report on their webpage, explaining the details of the procedure he used to avoid 25,000 ETH worth about $10 million from being stolen. $10 million ethereum heist shunned […]
Bitcoin ransom gang: UK member of ‘The Dark Overload’ sentenced to prison
A United Kingdom (UK) national has been sentenced to prison for his involvement in cyber thefts through a Bitcoin ransom group dubbed “The Dark Overlord.” The reported group specialized in hacking and stealing of personal information and would threaten to expose it if victims don’t comply by paying Bitcoin ransoms, according to the US Department […]
Ethereum Classic Labs announces a feasible solution to 51% attacks
Ethereum Classic Labs proposes MESS as a solution to 51% attacks. The blockchain has suffered about three attacks since this year. MESS will prevent 51% attacks by treating large block reorgs as suspect, making them too costly. The development team behind Ethereum Classic (ETC) blockchain may have found a workable solution that will prevent further […]
Russian crypto hackers sanctioned for stealing $16.8M via spoofing
Two Russian hackers were sanctioned on Wednesday. They raked over $16 million via phishing attacks. US authorities plan to enforce more measures to curb crypto phishing attacks. Authorities in the United States have coordinated to sanction two Russian nationals for pulling spoofing activities that resulted in the loss of millions of dollars in cryptocurrency. Residents […]
Binance exchange accused of facilitating money laundering
Japenese digital currency exchange, Fisco has accused Binance Holdings of allowing money laundering through its exchange platform. Fisco claimed that the Binance exchange was operating with inadequate Anti-money laundering measures, which made it an ideal platform for the bad actors to cash out. The Japanese exchange seeks relief from Binance. Fisco blames Binance exchange for […]
Crypto mining: The main aim for cloud server cyber-attacks
Aqua Security has been able to conclude after a one-year examination that the majority of cyber attacks launched against cloud servers were intended for secret crypto mining. This signals that hackers are now interested in crypto mining with malware, more than other cyber threats. For this reason, they have diversified and improved their intrusion methods. […]
bZx protocol loses estimated $8M in another bug exploit
bZx protocol has once again been compromised as a supposed bug in the iTokens duplication method was exploited and reportedly resulted in the loss of funds. However, the team behind the decentralized finance (DeFi) lending protocol has patched out the flaw, assuring that users’ funds are not at risk. Notably, this recent incident marks the […]
IRS is offering $625,000 to anyone who cracks a Monero transaction
The United States Internal Revenue Services (IRS) has opened a bounty program for individuals and private contractors to crack into Monero (XMR). Over $600,000 will be paid to anyone who can successfully prove that the Monero transactions can be traced. The IRS states that the program was spurred on by the increasing number cyber crimes […]
Slovak ETERBASE exchange admits to a $5.4 million hack
Recently, digital currency exchange ETERBASE reported that its hot wallet was comprised. The exchange has confirmed in its latest report that a total of $5.4 million were lost to the hackers. Further investigation has shown that a significant percentage of the stolen cryptocurrencies are held in major exchanges like Binance. ETERBASE exchange halts operations At […]
Hackers demand Bitcoin ransom to release Call of Duty hacked accounts
Hackers have managed to break into the accounts of Call of Duty: Warzone players, locking them out from accessing the popular online game. To release the account, the hackers are demanding Bitcoin ransom from the victims. Users’ complaints to the team behind the game received slow to no attention according to reports. COD players forced […]
Microsoft Windows crypto malware targets wallet data
A new Microsoft Windows crypto malware has been discovered by the Microsoft team and is known to target the crypto wallet. Virtual currency users on the Microsoft Windows platform have been cautioned regarding a fresh malware infecting Windows operating system. Microsoft Security Intelligence mentioned about the latest Microsoft Windows crypto malware dubbed Anubis in its […]
India’s Prime Minister Twitter Account Hacked by ‘John Wick’ Cyber Gang
India’s Prime Minister, Narendra Modi is the newest world leader to suffer a cyber attack, after a Twitter account affiliated to his exclusive website got hacked. The cyber criminals used the compromised Twitter account to ask for crypto funds. Twitter verified the alleged cyber attack and has since pulled down all the tweets seeking to […]
No more privacy? CipherTrace develops Monero tracking tool for US authorities
Many cybercriminals had flocked to loving the popular privacy-focused cryptocurrency, Monero for the fact that it shades them from being easily identified by law enforcement agencies. However, this may no longer be the case as CipherTrace has informed that it has developed a Monero tracking tool for authorities in the United States. New Monero tracking […]
North Korean Hackers move $140,000 in Bitcoin from a DoJ red-flagged address
A cryptocurrency wallet that the United States Department of Justice (DoJ) believes is linked to the North Korean hackers has released nearly $140,000 in Bitcoin. The transaction today was spotted by Whale Alert, a digital currency transaction tracker. Recently DoJ filed a complaint to gain control of several accounts that reportedly belongs to the hackers. […]
Joseph Sullivan charged for concealing Uber data breach in 2016
A criminal complaint filed on Thursday with the federal court conveyed charges against former Uber Chief Security Officer (CSO), Joseph Sullivan. As the US Department of Justice (DOJ) reported, Sullivan attempted to conceal an Uber data breach, which occurred four years ago, from the Federal Trade Commission (FTC). He allegedly paid a six-figure amount in […]
5 tips to strengthen your cryptocurrency security
The recent high profile Twitter hack was used to acquire cryptocurrency from unsuspecting victims. Although the hacker was identified, the transferred Bitcoin might not be recovered at all. Notwithstanding, the basic notion of Bitcoin and cryptocurrencies in general, is to have an anonymous system of decentralized transactions. Even better, the report of the investor who […]
2gether hack: Crypto trading platform struggles to reimburse stolen funds
Recently, hackers broke into the servers of 2gether, a cryptocurrency trading platform in Spain, and they amassed about $1.4 million from the company’s funds. Having admitted to 2gether hack, the team has since been struggling to come up with an ideal reimbursement plan for the customers. 2gether lost 27 percent of its funds to hackers […]
Crypto-related scams in Russia skyrocketed exponentially during the first half of 2020
Cybersecurity companies have concluded that crypto-related scams in Russia have seen a rapid rise over the first half of 2020. Moreover, researchers have highlighted about 23,000 active websites involved in cryptocurrency scams in Russia, still actively looking for more victims to defraud. According to a new report by Kommersant, citing a new study conducted by […]
Post Twitter hack, Pentagon too wants crypto surveillance application
The latest Twitter hack scandal resulted in severe damage to the social media giant’s reputation. It has also bought into limelight the growing crypto scams. Unfortunately, extensive negative press coverage means that the scandal has attracted the eyes of the authorities. The heart of the US defense realm, the Pentagon, has taken notice. Even though […]
