North Korea reportedly stole billions of dollars in fiat and cryptocurrency from financial institutions and digital asset exchanges, according to a confidential U.N. report seen by Reuters. The isolated nation used “widespread and increasingly sophisticated” hacking techniques to conduct various security breaches, while allegedly stealing approximately $2 billion in fiat...
Binance Not Hacked, Don’t Worry Earlier today, the crypto industry erupted into a clamor. Users on Twitter and some on Telegram were claiming that Binance, one of the world’s most powerful companies dealing with Bitcoin, was hacked for a swath of know-your-customer (KYC) data. As a result, thousands of individuals...
Chinese authorities are reportedly investigating the activities of ERC-20 token exchange platform, EtherDelta. Police officials suspect that the crypto trading platform might be involved in an exit scam. Scam Allegedly Involves Sale of EtherDelta Token The alleged scam might involve the sale of the exchange’s native crypto asset, called EtherDelta...
Crypto-related companies in China are being targeted by an espionage operator during various government-backed campaigns, according to a recently published FireEye Threat Intelligence report. The intelligence firm has determined with “high confidence” that a group of hackers known as APT41 is working cooperatively with the Chinese government. Previously, APT41 members...
The Binance exchange hack in May proved to many the fragility of internet security, even to an exchange as large as this one. In current day value, the loss stands at almost $80 million USD. According to Luxembourg-based cryptocurrency capital flow research team Clain.io, the hacker responsible for the May...
A malware program called Smominru has been mining privacy oriented cryptocurrency Monero (XMR) on half a million infected computers. The malicious mining script has also been stealing sensitive user data. Sophisticated, Multi-Stage Malware Detected Carbon Black, an online security firm, revealed in a report released on August 7, 2019 that...
Crimes involving cryptocurrencies have led to billions of dollars worth of losses this year, according to a report from CipherTrace. During Q2 2019, an estimated $125 million was lost due to crypto-related hacks. A total of $227 million has been stolen in various security breaches this year, CipheTrace’s Q2 2019...
Despite the ridicule that modern tech companies face at potentially storing passwords in plain text, despite better intentions, company-side mistakes can still lead to security vulnerabilities. On August 16th, a blog post from Coinbase detailed a bug in their internal server logs, leaving the potential to have user passwords harvested...
The hype surrounding crypto just keeps on growing. But as always, with increasing public attention, those looking to capitalize on the ignorant are following close behind. Not to fear, however: government agencies are close behind. With the US and Canada’s joint Operation Cryptosweep targeting unregistered ICOs, the crypto community is...
A US federal grand jury recently indicted a former Amazon software engineer, who is accused of hacking into the data servers of Capital One. Paige Thompson is being charged with wire fraud and computer fraud, as well as abuse for the intrusion into data of over 30 companies, including Capital...
South Korea’s UpBit exchange has been hacked, according to a service update posted here, leading the bitcoin (BTC) price to slip. BItcoin’s confirmation of strong support above $6,500 gave bulls heart this week, with the price bouncing 10% from the trough of the recent price crash. But the ever-present danger...
In summary: Crypto scams have continued to plague the industry and the orchestrators are becoming more sophisticated. The XRP Community is continually being targetted by these unscrupulous individuals. XRP Community members are leading the charge in identifying fraudulent offers online. Ripple has also joined the effort of identifying and eradicating...
