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Tag: hacking

Robbers Demand $1 Million in Ripple as Ransom After Stealing Banks’ Customer Data

Category: Altcoins, Crime, News, Tech

Robbers Demand $1 Million in Ripple as Ransom After Stealing Banks’ Customer Data

Two Canadian banks were in for a fix on May 28, 2018, after hackers gained access to account holders’ personal information, and threatened to sell it to interested parties unless a ransom was paid in XRP, Ripple’s native token. Hackers Infiltrate Bank Systems with Ease According to a report, Simplii Financial and Bank of Montreal (BMO) learned that personal information…

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Forensic Analysis of the Verge Cryptocurrency Hack

Category: Altcoins, Commentary, News, Tech

Forensic Analysis of the Verge Cryptocurrency Hack

In the space of fewer than two months, Verge has suffered two high-profile cryptocurrency hacks. In April, news broke out that hackers had commandeered the network, successfully compromising the system and earning all the block mining rewards within a specific timeframe. In the aftermath of the hack, the development team created a few patches to the network protocol and carried…

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Egypt May Be Secretly Mining Crypto by Hijacking its Citizens’ Computers

Category: Altcoins, News, Regulation, Tech

Egypt May Be Secretly Mining Crypto by Hijacking its Citizens’ Computers

According to a report from the University of Toronto, a telecom company connected to the Egyptian Government is secretly mining cryptocurrencies from its citizens’ computers through a program called AdHose. Government Funding or Otherwise Adhose would either redirect Egyptian Internet users to advertising sites or websites that would mine the cryptocurrency Monero without the user’s knowledge. “On a number of…

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Bitcoin Exchange Binance Offers $250,000 Bounty on Attempted Hackers

Category: Altcoins, Bitcoin, Business, Finance, News

Bitcoin Exchange Binance Offers $250,000 Bounty on Attempted Hackers

We are on March 12, 2018, but Binance is going “old-school” in terms of its efforts to protect itself from hackers. Binance, the second largest cryptocurrency exchange platform in the world by 24-hour volume has issued a $250,000 bounty on the hackers. It isn’t like in the old Westerns though, where the bounty usually read “wanted dead or alive” as…

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Coincheck Hack: The Best Thing that has Happened to XEM Traders

Category: News

Coincheck Hack: The Best Thing that has Happened to XEM Traders

There might be a silver lining looming for victims of the Japanese Coincheck heist. For many, getting robbed might ultimately prove to be a blessing in disguise. Looking at a reimbursement of around $440 million Coincheck’s COO Yusuke Otsuka said on Thursday, March 8, 2018, that the hacked users would be compensated for the heist of January 26, 2018. Regulators…

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Finance Upstart Utilizes Bitcoin and Ethereum Trading to Finally Break Even

Category: Altcoins, Bitcoin, Business, Finance, News

Finance Upstart Utilizes Bitcoin and Ethereum Trading to Finally Break Even

While many people who have invested in cryptocurrencies have made fortunes as a result of getting in at the right time, in traditional financial markets, there is certainly nowhere near the level of volatility as is seen with crypto on a daily basis. Revolut’s Popularity Surges on Crypto Offerings Revolut is a financial technology firm that has their offices in…

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20,000 ETH Stolen During CoinDash ICO Returned By Hacker

Category: Ethereum, Finance, News, Tech

20,000 ETH Stolen During CoinDash ICO Returned By Hacker

Since initial coin offering (ICOs) exploded in popularity in 2017, there have been a number of high-profile scams and hacks that have taken place. As it is an industry that has been largely unregulated with very little oversight along with large sums of money flooding into the sector, it has attracted a lot of unscrupulous individuals. These people try to…

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Hackers Now Use Android Phones and Smart TVs to Mine Cryptocurrency

Category: Altcoins, Mining, News, Tech

Hackers Now Use Android Phones and Smart TVs to Mine Cryptocurrency

It’s no news that cryptocurrency mining is big business and in a bid to maximize profit, miners have devised various methods of maliciously installing their crypto mining malware on unsuspecting users. Smart television sets and Android phones are the new home for the Monero mining malware. Monero on Television Chinese researchers at Netlab360 have recently discovered hackers turning internet-connected gadgets…

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Report Alleges North Korean Hacking Group’s Involvement in Phishing scam

Category: Bitcoin, News, Tech

Report Alleges North Korean Hacking Group’s Involvement in Phishing scam

According to a report by the US cybersecurity firm SecureWorks released on December 15, 2017, Lazarus, the North Korean hacking group, may be plotting to launch a widespread attack targeting top personalities in the cryptocurrency ecosystem. At this time, it appears as if the payload will be delivered through authentic-looking emails loaded with attachments containing malware, but that may change…

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NiceHash Hack: More than $60 Million of Bitcoin Stolen

Category: Bitcoin, Business, News, Tech

NiceHash Hack: More than $60 Million of Bitcoin Stolen

It seems that the world of bitcoin is still not safe, with hacks still occurring on a regular basis. NiceHash: the Latest Bitcoin Hack Victim The victim of this latest hack was a platform called NiceHash who have dubbed themselves as being the biggest marketplace when it comes to the mining of digital currencies. They announced on December 6, 2017,…

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