Tag: hack

Hackers Steal 7,000 Bitcoins from Binance

  • The malicious actors used a variety of tactics, including phishing and viruses, to get access to users' API keys and two-factor authentication codes.
  • The loss will be covered by the exchange's Secure Asset Fund for Users (SAFU fund), which was created in July 2018 as a type of emergency insurance.

Crypto Exchange Zaif Resuming Full Services Under New Owner Seven Months After Hack

  • Previously hacked Japanese crypto exchange Zaif is transferring its management from Tech Bureau to Fisco Digital Asset Group (FDAG).
  • Right after the September hack, Fisco made an initial agreement with the Zaif exchange to offer 5 billion Yen in support of Zaif's compensation plan, and in exchange receive a major stake in the platform.

Crypto Exchange Bithumb Hacked Once Again

  • Cryptocurrency exchange Bithumb has lost around $19 million in a hack suspected to be an insider job, marking the second major hack the exchange has experienced in under a year.
  • According to crypto news outlet The Block Crypto, around 3 million EOS (worth close to $13 million), and around 20 million Ripple (worth about $6.2 million) were lost in the hack.

Cryptopia – a Refreshing Example of Good Crisis Management

  • In a sea of bad company management, Cryptopia have shown that blockchain ventures can also be transparent in their operations, even in crisis.
  • The exchange will refund people who suffered as a direct result of the hack.

Cryptopia Sheds Light on the Amount of Funds Stolen by Hackers

  • More than six weeks have passed since the Christchurch-based exchange was hacked, with plenty of speculation about the severity of the situation.
  • Elementus estimated that the stolen cryptocurrencies were worth around $16,000,000, less than 20% of which was in Ethereum.

Localbitcoins Suffers Security Breach

  • Users were quick to comment on social media that apparently navigating to the site's forum page during the attack led users to a phishing page which also requested two factor authentication data.
  • Thus given a prompt reaction from the hackers, 2FA was unable to protect the users.