# Hack (Page 38)

David Sønstebø, the Co-founder of IOTA, stated that he will personally repay the victims of the recent attack on the network and that the mainnet will be back up tomorrow, March 10. Following the alleged messages shared on IOTA Discord a few days ago, Sønstebø has...

Cryptocurrency traders, blockchain and crypto firms have been warned to prepare for an intensified spate of cybercrime-related raids, with nasty new strains of malware already circulating.Per a report compiled by ThreatFabric, criminals have been deploying sophisticated new programs in an attempt...

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s pulsewire.Regulation newsFinance ministers and central bank governors of the Group of 20 (G20) major economies released a...

Assets locked in DeFi (decentralized finance) have dropped more than USD 142 million in a few hours as DeFi platform bZx suffered yet another attack. (Updated at 16:19 UTC: updates in bold).Just four days ago, somebody exploited a vulnerability in tokenized margin trading and lending platform bZx,...

DeFi (decentralized finance) is "the worst of both worlds," said Litecoin creator Charlie Lee following a recent attack on a DeFi platform, bZx, calling DeFi a "decentralized fiatre." "This is why I don't believe in DeFi," said Lee. "It's the worst of both worlds. Most DeFi can be shut down by a...

Things took a downturn for IOTA (MIOTA), as the network has been "paused," while its team is focusing on the developing situation of the hacked Trinity wallet. IOTA seems to be going through an escalation of events. When this incident was first reported on, on February 12, IOTA advised people to...

A court in South Korea has found a senior employee at crypto exchange Bithumb guilty of breaches of internet security law. The judge stated that the employee’s actions led to a 2017 hack that saw a raider make off with the personal information of 31,000 customers – and also found the...

A report claims that the infamous North Korean hacking group Lazarus used LinkedIn and Telegram messages as part of a raid that saw it make off with some USD 7 million from Singapore-based exchange DragonEx in March 2019.Per Radio Free Asia, which quoted data from the Chainalysis 2020 Crypto Crime...

Here is what happened in the Cryptoworld in the second quarter of this year:Total crypto market capitalization in Q2coinpaprika.comAprilThe quarter started with Bitcoin price suddenly jumping by 16% in an hour, reaching USD 4,882 per coin, the level last seen in November 2018, then it went above...

Japanese police appear to be close to a breakthrough in the ongoing search for hackers who made off with NEM (XEM) 526 million (around USD 400 million at the time and USD 17 million today) from the Coincheck crypto exchange in January 2018.The hack, the biggest in cryptocurrency history, was a...

“The weakest link in the cryptocurrency system are custodians.” "The ones that don't do security well just go bankrupt.”Cryptography is the cornerstone of informational security, but not everything is entirely secure in the world of cryptocurrency. Crypto-exchanges are still...

South Korean market-leading crypto exchange Upbit has confirmed it is looking into a suspicious Ethereum (ETH) transfer of ETH 342,000 (USD 49 million) made from its platform to this wallet address at KST 1:06pm (4:06 UTC). (Updated at 10:15 UTC: updates throughout the entire text.)In an...

The sixth richest Bitcoin wallet with nearly BTC 80,000 (c. USD 653 million) has been lying dormant ever since March 2011. The coins originate from the first major hack of the now bankrupt Mt. Gox exchange, and the owner of the wallet has never spent a sat, leading many to question whether its...

A security expert has reported that personal data and passwords belonging to users of the GateHub crypto wallet – which makes use of the XRP Ledger protocol – have been dumped onto a hacking community website.Per media outlet Ars Technica and Tony Hunt of the Have I Been Pwned website,...

The United Nations (UN) reportedly believes that North Korea is training its most talented young IT talents to become elite cryptocurrency hackers – and thinks Pyongyang is using a fake Hong Kong blockchain company as a front for money laundering schemes.Per South Korean media outlet Chosun,...

A South Korean security expert says he is “unsurprised” by allegations that hackers from the North have developed a so-called “fake crypto app” that allows them to seize control of computers. The expert says Pyongyang cyber-criminals are becoming more “technologically...