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Tag: hack

Crowd Machine CEO Craig Sproule Opens up on CMCT Theft

Category: Altcoins, Blockchain, Crime, ICO News, News, Platform, Tech

Crowd Machine CEO Craig Sproule Opens up on CMCT Theft

On September 22, 2018, Crowd Machine, a blockchain startup aiming to create the world’s first global cloud computing service built on distributed ledger infrastructure suffered a severe hack that targeted the company’s crypto wallet and led to the loss of over 1 billion of its native CMCT tokens. Following the hack, the token suffered a market drop of 87 percent…

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Japanese Exchange Zaif Falls Victim to Crypto Hack; Loses $60 Million

Category: Altcoins, Bitcoin, Crime, Exchange, News, Regulation

Japanese Exchange Zaif Falls Victim to Crypto Hack; Loses $60 Million

When it seems things couldn’t get worse during the cryptocurrency bearish market, the community woke up to a nasty shock on September 17, 2018. A Japanese exchange Zaif reported that it was the victim of a breach which led to a loss of cryptocurrencies worth $60 million. Compensation Deal Agreed for Customers In a statement that was partly an apology,…

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Hackers Steal $200,000 in Cryptocurrency from League of Legends Pro Gamer

Category: Altcoins, Bitcoin, Crime, Exchange, News

Hackers Steal $200,000 in Cryptocurrency from League of Legends Pro Gamer

Yiliang “Peter” Peng, best known as Doublelift in the eSports space, had almost $200,000 worth of cryptocurrency stolen from him in a sim-swap hacking incident, the gamer revealed in a September 14, 2018, YouTube video. Coinbase Account Looted Following a Sim Card Swap Yiliang “Peter” Peng. (Source: Dot eSports) Yiliang “Doublelift” Peng, a professional League of Legends gamer, has allegedly…

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Mt. Gox is preparing to return $1B in stolen Bitcoin to Affected Users

Category: Bitcoin, Crime, Exchange, Finance, News, Regulation

Mt. Gox is preparing to return $1B in stolen Bitcoin to Affected Users

On August 21, 2018, Mt. Gox announced it was preparing to give back around $1 billion in bitcoin to the victims of the exchange rampage. Mt. Gox Retrospective It seems that Mt. Gox is going to finally refund bitcoin to the affected users following the exchange saga. The MT. Gox infamy began in early 2014 and involved over a billion…

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US Investor Sues Telecom Company AT&T for Loss in Cryptocurrency Theft

Category: Altcoins, Bitcoin, Crime, News

US Investor Sues Telecom Company AT&T for Loss in Cryptocurrency Theft

On August 15, 2018, entrepreneur and cryptocurrency investor Michale Terpin filed a lawsuit worth $224 million against telecommunications company AT&T and accused the company of “negligence and fraud” regarding the theft of cryptocurrencies from his personal account. A new Kind of Cryptocurrency Scams The 69-page complaint, filed with the U.S. District Court in Los Angeles, the businessman has alleged that…

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McAfee-Backed “Unhackable” BitFi Wallet Hacked to Run P.C. Game

Category: Altcoins, Bitcoin, Blockchain, News, Tech, wallet

McAfee-Backed “Unhackable” BitFi Wallet Hacked to Run P.C. Game

Security researchers have successfully modified BitFi’s hardware wallet and provided a demonstration of the device running Doom. BitFi’s response? “Prove it.” Security researchers are arranging a demonstration this weekend proving BitFi’s wallets can be hacked. Unhackable? Not So Much BitFi launched their hardware wallet in June as a way for cryptocurrency users to secure their bitcoins and other cryptocurrencies. In…

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White Hat Hacker Exposes Critical Vulnerability in Augur Platform

Category: Altcoins, Ethereum, News, Platform

White Hat Hacker Exposes Critical Vulnerability in Augur Platform

According to a report published on The Next Web, the decentralized betting platform Augur was found to possess a critical bug, which could potentially allow cyber hackers to provide wrong information to the users and rig the mechanism of prediction markets website. The report published on August 7, 2018, states that the bug could allow hackers to manipulate transactions, user…

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Blockchain and Security: Discussion with Hartej Sawhney

Category: Business, Crime, Development, Finance, News

Blockchain and Security: Discussion with Hartej Sawhney

In the battlefield of the world of crypto which is often plagued by malicious hackers and careless developers, safety and security are often taken for granted. In this interview at the International Blockchain Conference in Hyderabad 2018, BTCManager spoke to Hartej Sawhney co-founder of security firm Hosho, regarding the current state of the smart contracts and blockchain security. Meet Hartej Hartej…

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The Anatomy of a Successful BItcoin Ransomware Attack and How to Prevent Becoming a Victim

Category: Altcoins, Bitcoin, Business, Crime, News, Tech

The Anatomy of a Successful  BItcoin Ransomware Attack and How to Prevent Becoming a Victim

In early 2016, reports of a particularly crippling ransomware attack began to surface. While many of the victims were based in the U.S., the attacks were also witnessed in other parts of the world. The ransomware has proceeded to be active since then and continues to update and better itself with each version released. What Is SamSam? Leading security outfit…

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Hackers Attack Compromises Ethereum Block Explorer Site Etherscan.io

Category: Altcoins, Crime, Ethereum, News, Tech

Hackers Attack Compromises Ethereum Block Explorer Site Etherscan.io

On July 23, 2018, the most popular Ethereum block explorer site Etherescan.io was hit malicious attack. According to Motherboard, the hackers were able to use the website’s comments section to introduce malicious code. However, the attack revealed to be more like a prank than a real attack. Even so, while it was apparently harmless, it exposed a vulnerability that could…

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