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Baltic Honeybadger 2017 • November 25-26, 2017

The Baltic Honeybadger conference is the first major event in Latvia dedicated to Bitcoin and the technologies built around it.…

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Tag: hack

Enigma Catalyst Falls Victim to Hackers

Category: Commentary, Ethereum, News, Tech

Enigma Catalyst Falls Victim to Hackers

Hacking is a pervasive issue in the cryptosphere. With financial freedom comes the weight of responsibility, and despite their merits, cryptocurrencies are particularly unforgiving when it comes to scams and hacks. The most recent crypto venture to come under fire is Catalyst, from the Silicon Valley company Enigma.co. Catalyst is a machine-based investment platform for cryptoassets. Catalyst’s long-term goal is…

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CoinDash Loses 37,000 ETH To Hacker During ICO

Category: Ethereum, Finance, News, Tech

CoinDash Loses 37,000 ETH To Hacker During ICO

Israeli blockchain technology startup CoinDash is the latest company to fall victim to hackers. During its initial coin offering (ICO) launched on July 17, an unknown hacker orchestrated the heist making off with over $7 million in ether (ETH). CoinDash aims to create a blockchain asset social trading platform. For the purposes of the ICO, the startup had set up…

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F2Pool: Love Letter for a Hacker

Category: Bitcoin, Blockchain, Commentary, News, Tech

F2Pool: Love Letter for a Hacker

Has this ever happened before? On April 2, a hacker succeeded in kidnapping the hashes of some pool and forwarding them to F2Pool. Since the victims have been miners on AntPool, ViaBTC, and BTC.top, the hack is somehow connected to the block size debate. It must be fun being Wang Chun at this time. The young Chinese administrator of the…

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30 BTC Reward for Arrest of KeepKey CEO Phone Hacker

Category: Bitcoin, Business, News

30 BTC Reward for Arrest of KeepKey CEO Phone Hacker

It is nothing new that bitcoin startups are attractive targets for cyber-criminals. Due to the pseudo-anonymous nature of bitcoin, it is easier to get away with the cyber theft of the digital currency than it is when stealing fiat currency as no bank accounts need to be used to transfer the illicit funds. In fact, since the birth of Bitcoin…

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Hackers Extort Clients of Bank in Liechtenstein, Demand 10 percent of Balances

Category: Bitcoin, Business, News

Hackers Extort Clients of Bank in Liechtenstein, Demand 10 percent of Balances

Liechtenstein is known as a tax haven. Hackers claim to possess the bank account data of the clients of the country’s bank Valartis. To not report tax crimes they demand that the customers pay a ransom of 10 percent of their balance, in bitcoin. The principality of Liechtenstein is one of the tiniest nation states of the world. It is…

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Bitfinex Decides on Generalized Losses, Issues ‘BFX Tokens’

Category: News

Bitfinex Decides on Generalized Losses, Issues ‘BFX Tokens’

When a nuclear warhead is dropped, not only is there an initial shockwave that deals a tremendous amount of damage, but radiation that lingers in the air, taking months until the place affected is fully recovered. Same can be said for Bitcoin with the Bitfinex hack. It has been more than three days since news of the nearly $70 million…

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How can Bitcoin Shake Off Bitfinex Hack?

Category: Bitcoin, Commentary

How can Bitcoin Shake Off Bitfinex Hack?

Following the hack that successfully stole $64 million worth of Bitcoin yesterday from Bitfinex, there are still no answers to the questions on everyone’s minds. Who was responsible? At this point, it seems there are two possible answers; a collusive effort between BitGo and Bitfinex, the holders of the keys to the multi-signature wallets that have missing funds or a…

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Bitfinex Confirm $64 Million Hack, BTC-USD Slumps

Category: Bitcoin, Commentary, News

Bitfinex Confirm $64 Million Hack, BTC-USD Slumps

Current trading rates for Bitcoin have been on the decline for the last couple of days, hovering from the $650 range in the last week and slowly falling to $600. It was around this point when news that Bitfinex, a Hong Kong-based Bitcoin exchange, had discovered a security breach which resulted in all trading, deposits, and withdrawals to be halted….

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Gatecoin Scrambles to Recover After $2 Million Cryptoasset Theft

Category: Business, Finance, News, Tech

Gatecoin Scrambles to Recover After $2 Million Cryptoasset Theft

In what’s been a pivotal past few weeks for those following the growth of The DAO’s token sale and the rise of the price and market cap of ETH, hackers have struck at what seems like the worst possible time for Hong Kong based crypto-asset exchange, Gatecoin. According to a statement released by the team at Gatecoin on the front…

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Michael Perklin of Ledger Labs: ShapeShift Has Gone “Above and Beyond”

Category: Commentary, News, Tech

Michael Perklin of Ledger Labs: ShapeShift Has Gone “Above and Beyond”

ShapeShift has become one of the most popular digital currency exchange platforms. The brainchild of bitcoin early adopter and entrepreneur Erik Voorhees, the company is widely considered to be at the fore in facilitating transactions between the exploding numbers of cryptocurrencies now dotting the global landscape. When ShapeShift suffered a breach on April 7, 2016, Voorhees immediately went into damage…

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