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Baltic Honeybadger 2017 • November 25-26, 2017

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Tag: hacking

The Equifax Credit Reporting Breach: Is Blockchain The Answer?

Category: Blockchain, News

The Equifax Credit Reporting Breach: Is Blockchain The Answer?

In a recent development in the U.S. that sent shockwaves through the world of personal finance, credit reporting agency Equifax announced that they had been breached, compromising the personal information of over 143 million Americans. The potential impact of this is profound as it amounts to over 40 percent of the U.S. population. In this attack hackers captured troves of…

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North Korean Spearphishing Sets Sights on South Korean Cryptocurrency Targets

Category: Bitcoin, News

North Korean Spearphishing Sets Sights on South Korean Cryptocurrency Targets

As bitcoin and other digital currencies emerge as a new and valuable asset class, North Korean cyber criminals are also realizing a new means of state funding. Unhinging a Global Financial System Kim Jong-Un has been featured in the news as exclusively an intemperate world leader with nuclear capabilities. His confrontations with President Trump have sparked global concerns as to…

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Blockchain Code Audits Aim to Thwart Security Vulnerabilities

Category: Blockchain, News, Tech

Blockchain Code Audits Aim to Thwart Security Vulnerabilities

New York-based technology company, Jibrel Network, recently announced that it has signed on with security auditing firm New Alchemy to conduct a full in-depth security audit and code review of its platform. The announcement comes just weeks after a potentially critical vulnerability left $200 million worth of Augur tokens at risk. This intrusion was on the heels of a $32…

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Bits and Blocks of Ideas: Feature Interview With Anari Sengbe, founder of ProducTank

Category: Interviews, News

Bits and Blocks of Ideas: Feature Interview With Anari Sengbe, founder of ProducTank

At any given time during his workday, Anari Sengbe’s mind is brimming with ideas. A self-described blockchain and online gaming junkie, Sengbe’s digital insights and product prototypes have been sought out and employed by major companies like Mercedes Benz, HP, Emirates Airlines and DirectTV. He has also won numerous hackathons for prizes like this one for Mercedes. His current project…

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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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BTC-E’s Role in Mt. Gox Hack: Laundered $4 Billion Proceeds of Bitcoin Theft

Category: Bitcoin, News, Regulation

BTC-E’s Role in Mt. Gox Hack: Laundered $4 Billion Proceeds of Bitcoin Theft

WizSecurity’s report which revealed BTC-E’s long lasting involvement in the Mt. Gox hack came as a shock to the Bitcoin community and industry. The unsettled case of Mt. Gox is finally set to come to an end and BTC-E is at the epicenter of a series of thefts that led to the loss of billions of dollars worth of bitcoin…

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Veritaseum Hack Proves Need for Tighter Security in ICO Market

Category: Commentary, Ethereum, News

Veritaseum Hack Proves Need for Tighter Security in ICO Market

Blockchain startup Veritaseum has become the latest victim of an ICO hack. During its July 24 sale, the platform was compromised and lost about $8.4 million worth of cryptocurrency. Veritaseum is a blockchain project that seeks to utilize the blockchain in order to create smart contracts that allow for direct peer-to-peer engagement within the capital markets space. “Veritaseum utilizes smart…

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Recently Closed Dark Web Marketplace AlphaBay Was Ripe Ground For Phishing

Category: Bitcoin, Commentary, News

Recently Closed Dark Web Marketplace AlphaBay Was Ripe Ground For Phishing

A hacker, operating under the pseudonym “PhishKingz,” has allegedly generated over one million dollars in just 14 months on the recently closed down dark web marketplace AlphaBay by running a phishing scam. The hacker gave an interview to DeepDotWeb detailing how profitable the operation has been. “I have a trade volume on LocalBitcoins of about 500 BTC in total. This…

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Shadow Brokers’ Response Team Cancels its Crowdfunded Bid for NSA Exploit Tools

Category: Altcoins, News, Tech

Shadow Brokers’ Response Team Cancels its Crowdfunded Bid for NSA Exploit Tools

On May 30, a group of cybersecurity researchers launched a crowdfunding campaign in the hopes of raising $25,000 with which they were planning to pay a hacker group called the Shadow Brokers for hacking tools that were supposedly taken from the NSA. The effort raised $3,906.62 in 36 hours. However, the campaign was canceled. The cybersecurity group later decided that…

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The Disney Ransom Saga: Is Bitcoin Really The Cause?

Category: Bitcoin, Commentary, News, Tech

The Disney Ransom Saga: Is Bitcoin Really The Cause?

The Disney film studio’s announcement of hackers threatening to release one of their movies unless a bitcoin ransom is paid has once again unleashed a flurry of media attention targeting cryptocurrency as a tool for nefarious acts. Disney CEO Bob Iger in a statement on May 15 asserted that the film company has no intent of complying with the ransom…

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