# Hack (Page 44)

The price of bitcoin fell sharply on Sunday and early Monday morning after Coinrail, South Korea’s 7th biggest exchange said it was hacked, possibly to the tune of over USD 37.3 million.According to data from Coinbase, bitcoin dropped 10% to around USD 6,770 – the lowest level for the...

In a decentralized system, where no individual or group holds the majority of power, the only way to seize control is to gain a majority of like-minded individuals. This is the origin of the 51% attack - where the system needs a majority vote to reach consensus.Although a 51% attack in a large...

A survey has found that while some 95% of Japanese PC users say they know about cryptocurrency, more than 40% say they have not heard of cryptojacking – attacks that force browser software to mine cryptocurrencies for other internet users.Cybersecurity provider Avast Software says it quizzed...

Cryptocurrency Verge has once again fallen prey to hackers exploiting the very same fault that they used the previous time they made off with their funds, well over a month ago. In April, they lost 250,000 XVG to the same 51% attack. Now, 35 million XVG was snapped under their noses.Bitcointalk.org...

Japanese manga-themed cryptocurrency token Monacoin has suffered a hack worth some USD 90,000, says news outlet Nikkei.The newspaper reports that the attack was carried out on an exchange based outside the country, and that a Monacoin miner may be to blame.Nikkei says that the miner may have...

Right now, your computer might be using its memory and processor power – and your electricity – to generate money for someone else, without you ever knowing. It’s called “cryptojacking,” and it is an offshoot of the rising popularity of cryptocurrencies like...

Ransomware attacks are on the rise and bitcoin is often blamed to be a popular payment system for hackers who engage in this criminal activity due to its pseudo-anonymous nature. However, recent attacks have shown that other decentralized digital currencies are increasingly being used in ransomware...

Troubled Italian cryptocurrency exchange platform BitGrail has been hit with a court order forcing it to cease trading. The order came just over three hours after it had begun trading again for the first time since February.Per media outlet Assodigitale, BitGrail reopened for business, trading all...

The privacy coin Verge, famed for its underdelivery of groundbreaking promises, has fallen prey to a 51% attack, according a Bitcointalk forum member “ocminer.” Around 250,000 verge (USD 14.750) were stolen by the attacker and the community is now estimating that Verge is preparing for...

Following the report that Japanese online broker Monex was interested in the cryptocurrency exchange Coincheck after it had fallen victim to the infamous hack in January, the Tokyo-based exchange decided on Thursday it would accept the offer made by Monex, Nikkei reported.Monex chief operating...

Japanese online broker Monex Group is offering to take over the cryptocurrency exchange platform Coincheck, which fell victim to a hack in January and is still having trouble due to it, Nikkei reported.According to unnamed sources, Monex is offering several billion yen for a majority stake in the...

Ethereum Top Brass Meets S Korea’s Chief Fintech Policymaker Bithumb Unveils Deal with Mobile Coupon Company North Korean Cryptojackers Mining on Pirate Manga Sites S Korean Local Police Launch Crackdown on Illegal Crypto MiningCatch up on the most essential cryptocurrency and blockchain...

Ledger, a manufacturer of hardware wallet for cryptocurrencies, released an update to its firmware, 1.4.1, accompanied by blog post that said they would be looking into security fixes. This comes after independent security researcher Saleem Rashid has demonstrated a new attack hackers can employ to...

Catch up on the most essential cryptocurrency and blockchain news stories breaking in Asia and the Americas while the rest of the world was asleep.Celebrity Who Lost Everything in Coincheck Hack Gets Full Refund Japanese celebrity Toki, one half of comedy duo Fujisaki Market, says he has received a...

North Korea Behind New Ransomware Threat? S Korean Gaming Mammoth Mulls ICO Thai Cabinet to Rule on Possible 10% Crypto Tax Charge Ripple Loses Battle to Have its XRP Case Heard on Home TurfCatch up on the most essential cryptocurrency and blockchain news stories breaking in Asia and the...

After Wednesday’s market manipulation incident which caused all kinds of problems, Binance, a crypto exchange, has issued a hacker bounty. A total of USD 10 million has been earmarked towards catching hackers and other unscrupulous attackers, with USD 250,000 offered for information leading...