Synthetix Asset Issuance Platform Lose 37 Million sETH to Hackers

Synthetix, an Ethereum-powered synthetic asset issuance platform that claims to provide on-chain exposure to real-world assets like currencies, commodities, stocks and more, has suffered a massive oracle attack that has resulted in a loss of 37 million synthetic ether (sETH) tokens, according to The Block on June 24, 2019. Synthetix Hacked  Per sources close to […]

Israel: Police Arrest Brothers Suspected of Partaking in Bitfinex Hack and Crypto Phishing Scams

According to a June 21, 2019, article by local crime news outlet Posta, Israeli police has arrested two brothers named Eli Gigi and Assaf Gigi on the suspicion of partaking in cryptocurrency phishing attacks and getting involved in the infamous 2016 Bitfinex hack. Brothers Nabbed The cyber unit of the Israeli police force has nabbed […]

South Korean Crypto Exchanges Update Terms of Service

Exciting times for South Korean bitcoin and altcoin investors as five local exchanges including Bithumb have revised their terms of service to make it possible for traders to get duly compensated should there be an unforeseen circumstance that leads to loss of funds, even if the security breach is not as a result of negligence […]

The Stolen Binance BTC Is On the Move Again

Hackers are now accessing wallets containing cryptocurrency stolen from Binance in May. Coinfirm, the company that tracked the original few moves in early May has spotted a massive outflow from the original hoard of wallets created on May 7, 2019. Coinfirm’s CEO, Grant Blaisdell, wrote: The attack was conducted using diversified techniques including viruses and phishing. […]

GateHub Issues Update on $10 Million XRP Hack

GateHub has issued an update on the efforts to recover from the hack suffered earlier in June 2019. Hackers managed to steal about $10 million worth of XRP tokens from the cryptocurrency wallet platform. Apart from exchanges proper, bad actors continue to assail virtual currency custody providers in a bid to get a hold of […]

North Korean Hackers Target UpBit Users in Bitcoin Scam

North Korean hacking group, “Kim-Soo-ki,” have allegedly orchestrated a phishing attack targeting users of South Korean cryptocurrency trading venue, UpBit, in a bid to steal their bitcoin, according to a report by The Next Web on May 31, 2019. North Korea Phishing for Bitcoins Per sources close to the matter, North Korea’s notorious hacking group, […]

Hackers Now Stealing People’s Bitcoin via YouTube Videos  

Crypto thieves are now embedding Qulab, the information-stealing and clipboard hijacking Trojan in YouTube videos promoting a fake Bitcoin generator tool, in a bid to steal victims’ bitcoin and other virtual currencies, according to a report by BleepingComputer on May 29, 2019. Hackers LaunchYouTube Bitcoin Trojan Per sources close to the matter, bad actors have […]

Latest Hack Sparks Concern Whatsapp Will Never Be Secure

Facebook’s popular messaging app with 1.5 billion users in over 180 countries has another major vulnerability. Hackers were able to covertly install spyware on iOS and Android smartphones using Whatsapp with just a phone call. “All of their security issues are conveniently suitable for surveillance, and look and work a lot like backdoors,” said Telegram’s […]

Troubled New Zealand Exchange Cryptopia Goes Into Liquidation

Things went from bad to worse for the beleaguered cryptocurrency exchange Cryptopia when it came to light that it had been placed in liquidation after its failed attempts to restart the business. This according to a report by NZ Herald, May 15, 2019. Another One Bites the Dust Barring a few large cryptocurrency exchanges like […]

Binance Cryptocurrency Exchange to Unfreeze Deposits and Withdrawals

Changpeng Zhao (CZ), the founder of the highly reputed Binance cryptocurrency exchange which recently suffered a security breach, has revealed via a blog post on May 12, 2019, that the exchange is putting preparations in top gear to resume deposits and withdrawals latest by Tuesday, May 14, 2019. Binance Moves On As stated in its […]