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…
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…
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…
Bitcoin (BTC) up 2.8 percent Hackers strike Bitpoint, user funds stolen Bitpoint is the latest Japanese exchange to lose customer funds through a hack. In an announcement, the exchange said it lost $32 million worth of Bitcoin, Litecoin and other coins stored in their hot wallet. At the time of press, BTC is up 2.8…
Minutes ago, the Twitter account of Tesla CEO Elon Musk sent out a suspicious message involving Bitcoin. The message read: “I’m feeling generous because of COVID-19. I’ll double any BTC payment sent to my BTC address for the next hour…” Attached was a Segwit Bitcoin address. The message garnered thousands of likes and retweets in…
Two personal crypto wallets belonging to Jeff “Jihoz” Zirlin, the co-founder of Sky Mavis, the company behind the popular play-to-earn (P2E) game Axie Infinity, have been compromised, reports on February 23 show. Following this hack, over $10 million worth of various crypto assets were stolen, primarily RON, the native token of Ronin Chain, the Ethereum sidechain designed…
Mango Markets was victim to the latest exploit this week, as crypto cannot seem to escape an absolutely abhorrent Tuesday. Two exploits less than one day apart – and less than a week after the BNB Chain exploit that utilized a bridge to create millions of new BNB. Another nine-figure exploit has rocked the crypto…
In a new report, Estonia’s preeminent crypto payment and personal wallet provider, CoinsPaid, has revealed the intricate workings of a hacking incident that led to a colossal loss of $37 million. This audacious breach was reportedly the culmination of a six-month saga marked by calculated maneuvers and sophisticated tactics, orchestrated by none other than the…
Binance, one of the largest cryptocurrency exchanges by trading volume and one of the most trusted and respected names throughout the industry, is now also among the largest cryptocurrency exchange hacks to ever hit the crypto industry since the inception of Bitcoin. The “security breach” as Binance is referring to it as, resulted in 7,000…
Attackers are exploiting poorly configured cloud accounts to mine crypto, Google warned users in a recent report. Cryptocurrency mining is a computationally intensive activity. And Google Cloud customers can access it at a cost. However, miners are now hacking Google Cloud accounts for mining purposes.In the report titled “Threat Horizons,” Google’s cybersecurity team assessed various…