In November, Upbit, a popular Korean crypto asset exchange, lost $50 million worth of Ethereum (ETH) from the exchange hot wallet in a seeming hack. Details on the attack remain sparse — some think it was an inside job as the word “hack” was not mentioned and due to the timing of the loss of…
A gambling application that is based on the EOS blockchain has had a flaw in its smart contract system exploited. Hackers were able to make off with $200,000 worth of EOS due to the vulnerability. EOSBet Taken Offline Following Security Breach Those behind today’s attack exploited a weakness in one of the EOSBet platform’s smart…
A group of online criminals from Turkey have been detained by local authorities on suspicion of hacking a domestic cryptocurrency company. Those behind the security breach are thought to have used the popular video game PUBG to communicate prior to the attack. The Turkish company has had around $2.47 million taken from it in the hack.…
Although 2019 is expected to be a turnaround year for the broader Bitcoin market, a crypto exchange recently divulged that it had fallen victim to a “security breach.” This is the exchange hack of 2019. First Crypto Hack Of 2019 On Tuesday morning, Cryptopia, a lesser-known crypto exchange centered around small cap assets, took to…
In times gone by, any exchange breach or hack would have set shock-waves through the crypto community and sent markets plunging. It may be a sign of a maturing market but the aftermath of the Binance breach has not really been that bad for Bitcoin in the grand scheme of things. Bitcoin Price Reaction Within…
While 2017 was the year of crypto gains, 2018 was the year of crypto theft, according to new data. Crypto-related thefts increased roughly 260% from 2017 to 2018, largely fueled by a number of high-profile cryptocurrency exchange hacks. Blockchain analysis also shows that the hackers behind the crypto-stealing schemes and scams, are very careful, even…
Following this morning’s $40 million hack of the globe’s largest crypto asset exchange there were calls to roll back the Bitcoin blockchain to nullify the fraudulent transaction. Binance boss Changpeng ‘CZ’ Zhao said in an earlier AMA that the company was deciding on whether to push for a possible rollback. The move comes as the…
Months after the Cryptopia debacle and mere days after the DragonEx imbroglio, reports and blockchain data suggest that Bithumb, South Korea’s largest crypto exchange has been hacked (yet again) for a large amount of EOS and potentially XRP. The last time the Korean exchange was attacked, it lost approximately $30 million ($14 million of which…
Pigeoncoin (PGN), a small market cap digital asset traded on two obscure exchanges, has finally got the spotlight from the crypto community but for the worst reason. A hacker stole 235 million PGN tokens through a Bitcoin protocol bug. The attack on the cryptocurrency’s source code rendered the equivalent to $15,000 as PGN is priced…
Cybercrime is rife across the crypto industry, ranging from SIM-card swap hacks, phishing attempts, password cracking, and even cryptocurrency mining malware. Today, the altcoin project known as VeChain experienced that first hand. The project’s buyback wallet containing a substantial amount of VET tokens was hacked, and the VeChain Foundation is now hard at work doing…