Tag: hacks

Oct 14 2020

Hackers send fake “update” to steal $22 million from Bitcoin wallets

Oct 14 2020 Published at CryptoSlate under tags  hacks

Crypto-hunting hackers have stolen more than $22 million from the users of Electrum, a popular Bitcoin wallet, in the past two years using a “simple technique” involving fake updates, as per a ZDNet r...

Oct 06 2020

How an unfortunate Ethereum yield farmer lost $140,000 in UNI overnight

Oct 06 2020 Published at CryptoSlate under tags  defi ethusd hacks uniusd

For many, yield farming has been a profitable activity: there have been stories of users turning small accounts into a large amount of capital, simply by swapping from projects like Yam Finance and SushiSwap. But, for some, it's been rather unprofitable. Alex Manuskin, a researcher at crypto wallet startup ZenGo, recently...

Oct 05 2020

$1.5 billion worth of Bitcoin from Mt. Gox hack might spook crypto markets

Oct 05 2020 Published at CryptoSlate under tags  hacks

Victims of the infamous Mt. Gox hack in 2014 are set to receive a record 150,000 Bitcoin reimbursement in the coming months. But that may cause selling pressure as some might cash out their gains. A brief Mt. Gox story As a brief background, the Japan-based Mt. Gox was once the largest crypto exchange on the planet:...

Sep 30 2020

Bitcoin traders aren’t safe using basic Tor features, says security expert

Sep 30 2020 Published at CryptoSlate under tags  btcusd hacks privacy

A recent vulnerability in privacy browser Tor allowed hackers to access users’ Bitcoin funds but using additional features can help avoid those concerns, according to one cybersecurity researcher. Activate encryption Tim Ismilyaev, the CEO and founder of international enterprise security firm...

Sep 29 2020

Synthetix founder speaks on Kucoin hack of $2.5m in SNX, millions in other DeFi coins

Sep 29 2020 Published at CryptoSlate under tags  defi exchanges hacks people snxusd

Late last week, KuCoin, a notable Singapore-based exchange known for its large offering of altcoins, bit the dust. Blockchain analysts recorded a series of suspicious withdrawals from the company's hot wallets that suggested the crypto exchange was hacked. Around eight hours after the withdrawals, it was revealed that a hack had happened, through which millions were lost in...

Sep 28 2020

Decentralized much? Crypto projects take drastic steps after $200 million hack

Sep 28 2020 Published at CryptoSlate under tags  exchanges hacks

The bad actors behind the estimated $150-$200 million hack of crypto exchange KuCoin managed to proven two aspects of the young market in their wake: 1. Cryptocurrencies are susceptible to hacks on even the best exchanges, and 2. True decentralization isn’t around just yet....

Sep 21 2020

Ethereum Classic is partnering with security firms to prevent further 51% attacks

Sep 21 2020 Published at CryptoSlate under tags  hacks

Ethereum Classic (ETC) Labs — the code maintainer and non-profit behind the Ethereum fork — announced its partnership with two cybersecurity firms to prevent the repeated 51% attacks that the Ethereum Classic network suffers from. Repowering Ethereum Classic In a blog post, the ETC Labs said the ETC Core Dev Team...

Jul 23 2020

Was The CryptoForHealth Twitter Hack Good For Bitcoin?

Jul 23 2020 Published at Bitcoin Magazine under tags  cryptoforhealth hacks scams twitter

This article originally appeared in our Weekly Bits newsletter. If you want our news and analysis before anyone else, make sure you subscribe now! As I prepared to send this newsletter out last week, something strange happened. In the afternoon of July 15, a colleague alerted a Bitcoin Magazine Slack channel that the Twitter accounts for major cryptocurrency exchange Binance and its...

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