Italian crypto exchange Altsbit announced that it will close in May 2020 after losing about $70,000 in a hack on Feb. 5. Altsbit, a small cryptocurrency exchange that lost “almost all funds” in hack on Feb. 5, will shut down its services in May 2020. After Altsbit first reported on the hack on Twitter on…
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Hackers compromised five United States law firms this week, demanding two $933,000 ransoms for restoring and not publishing data. Hackers compromised five United States law firms and demanded two 100 Bitcoin (BTC) (over $933,000 at press time) ransoms from each firm: one to restore access to the data, one to delete their copy instead of…
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A UK high court imposed a proprietary injunction on Bitcoin paid as ransom in a ransomware attack. A United Kingdom High Court ordered a proprietary injunction on Bitcoin (BTC) obtained through a ransomware attack on a Canadian insurance company. A proprietary injunction is an order which prevents a person from dealing with their own assets…
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Offline cold storage cryptocurrency wallet provider GK8 is offering a bug bounty of up to $250,000 to the first person who can hack its ostensibly “hack-proof” product. Offline cold storage cryptocurrency wallet service provider GK8 is offering a bug bounty of up to $250,000 to the first person who can hack its product. GK8 —…
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Binance CEO and co-founder Changpeng Zhao suggested that, for most, keeping crypto assets on an exchange is safer than keeping the keys themselves. Changpeng Zhao, the co-founder and CEO of cryptocurrency exchange Binance, suggested that for most, keeping crypto assets on an exchange is safer than keeping the keys themselves. Zhao gave his comments in…
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Crypto exchange Upbit recently completed a security overhaul in response to a hack the platform suffered in late 2019. Strengthening its walls after a hack in late 2019, South Korean crypto exchange Upbit has finished a security upgrade for the wallets on its exchange platform, restoring functionality once again. Upbit decided to update its defenses…
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U.S. lawmakers have appealed to the Federal Communications Commission to hold telecoms providers to account for their complicity in SIM swap attacks. United States lawmakers have appealed to the Federal Communications Commission (FCC) to hold telecoms providers to account for failing to protect consumers against SIM swap attacks. SIM-swapping — alternatively known as a port-out…
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The allegedly North Korea-sponsored hackers known as Lazarus have deployed new viruses to steal cryptocurrency. The Lazarus hacker group, which is allegedly sponsored by the North Korean government, has deployed new viruses to steal cryptocurrency. Major cybersecurity firm Kaspersky reported on Jan. 8 that Lazarus has doubled down its efforts to infect both Mac and…
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There were 12 major cryptocurrency exchange hacks in 2019. In total, over $292 million and over 500,000 pieces of customer data were stolen. Twelve major cryptocurrency exchange hacks occurred in 2019. Of these, 11 hacks resulted in the theft of cryptocurrency while one only involved stolen customer data. In total, $292,665,886 worth of cryptocurrency and…
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Cryptocurrency holders are being warned against a Chrome extension for Ledger hardware wallets that allegedly contains malware that steals their seed phrases. Twitter user and software architect WizardofAus (@BTCSchellingPt) has warned cryptocurrency holders against a Chrome extension for Ledger crypto wallets that allegedly contains malware. In a tweet posted on Jan 2., WizardofAus claimed that:…
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