Round-Up of Crypto Exchanges Hack So Far in 2019, How Can It Be Stopped?

Throughout the past six months, seven crypto exchanges have reported large-scale hacking attacks in the tune of tens of millions of dollars, with the most recent platform to suffer a security breach being GateHub. As the global crypto exchange market continues to see an increasing number of security breaches leading to the loss of user […]

Record-Breaking Coincheck Hack Perpetrated by Virus Tied to Russian Hackers

The personal computers of employees at hacked Japanese crypto exchange Coincheck have allegedly been found to have been infected by a virus associated with a hacker group of Russian origin. The allegation was reported by Cointelegraph Japan on June 16. As Cointelegraph has reported, in January 2018, Coincheck suffered an industry record-breaking hack when $534 […]

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 […]

Beaxy Launches Crypto Trading Platform Despite Hack Last Month

Beaxy has announced the launch of its cryptocurrency trading platform on June 11 in a press release shared with Cointelegraph. In the release, the company said it was now live in 43 United States states and 185 countries. According to Beaxy, an exclusive partnership with OneMarketData delivers trading capabilities across nine order types, with transaction speeds of […]

$1.5M in Stolen Bitcoin From 2016 Bitfinex Hack Changes Address

A portion of bitcoin (BTC) stolen from Bitfinex crypto exchange back in 2016 has been moved from hackers’ wallets to an unknown address on June 7, based on several tweets by crypto transaction tracker Whale-alert.io. The movement of stolen bitcoins has allegedly started earlier today at 06:08 AM UTC and involved of six transactions to […]

Crypto Developer Komodo ‘Hacks’ Wallet Users to Foil $13 Million Hack

Cryptocurrency wallet developer Komodo has effectively hacked its own customers to avert an attack that could have resulted in the theft of funds worth nearly $13 million. A blog post from the npm JavaScript package repository, first reported by ZDNet, indicated that its security system raised an alert about a backdoor on June 5 that could […]

Nearly $10 Million in XRP Stolen in GateHub Hack

Hackers have reportedly compromised nearly 100 XRP Ledger wallets on cryptocurrency wallet service GateHub. The incident was announced by GateHub in a preliminary statement on June 6. In the statement, GateHub reveals that it was notified by some of its customers and community members that funds on their wallets had been stolen. The company estimates […]

15 Crypto Community Members Targeted As SIM-Port Hack Trend Spikes

Last week, NewsBTC put a spotlight on the increasing need for account security for crypto investors, due to an emerging trend of SIM-port hacks that have resulted in investors having their accounts completely drained by cyber criminals. These cyber criminals gain access to a crypto investor’s phone number with the goal of intercepting SMS-based authentication […]

Crypto Bulls Wrestle Back Control of BNB after Binance’s $40 Million Hack

By CCN: Binance, the leading cryptocurrency exchange in terms of volume, suffered a massive blow on May 7 when hackers ran away with 7,000 bitcoins. At the time, the total haul was valued at roughly $40 million. Binance CEO Changpeng “CZ” Zhao was quick to reassure their user base by stating that the exchange will cover […]

Still Reeling From $54 Million Bitcoin Hack, Binance Sues Sequoia Capital

By CCN: Binance CEO Changpeng Zhao — who is still reeling after a $54 million bitcoin hack — is suing Sequoia Capital China, a unit of California-based venture capital firm Sequoia Capital. In his May 20 legal filing with the High Court in Hong Kong, Zhao claims Sequoia Capital China prevented him from raising capital […]