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Baltimore Resists Bitcoin Ransom to Enter Second Week of Lockdown

Baltimore City continues to resist the demands of hackers who have managed to infiltrate and lock its government systems, ensuring that the city has essentially remained in lockdown mode since 7 May 2019. The ransomware attack has shut down systems essential for completing home sales, halting property deals in Baltimore during one of the busiest times of the year. https://t.co/znfzgXyJvJ …


Bithumb Resumes Post-Hack Operations

South Korea cryptocurrency exchange has announced today on a blog post that it will resume partial operations following a hack in March, in two days’ time on 17 May, this Friday. The exchange will begin operations with only three cryptocurrencies for the time being, allowing trading for Ripple (XRP), Bitcoin Cash (BCH) and EOS. This was intended to “minimize the …


Binance Withdrawals, Deposits to Resume Tomorrow Following Hack

Binance Withdrawals, Deposits to Resume Tomorrow Following Hack

Hacked cryptocurrency exchange Binance plans to have deposit and withdrawal services up and running again by tomorrow, CEO Changpeng Zhao revealed. In a company blog update, Zhao claimed the team had made ”significant overhauls” to the system, adding or restructuring the architecture of the exchange’s advanced security features. Upgrading the system requires a trading halt, he noted, with the exact …


Binance Apologizes for Rollback Idea, Provides Hack Updates

Binance Apologizes for Rollback Idea, Provides Hack Updates

Binance CEO Changpeng Zhao has apologized for causing concern among the crypto community when he openly spoke about the possibility of a rollback for the Bitcoin blockchain following confirmation of a hack leading to the theft of USD 40 million worth of bitcoins on its platform. The rollback had caused a sharp backlash, particularly among Bitcoin-only communities, aghast at the very …


Bitcoin Rollback on the Cards Following $40 Million Binance Hack

Bitcoin Rollback on the Cards Following $40 Million Binance Hack

Leading cryptocurrency exchange Binance is now considering a rollback of the Bitcoin blockchain after a hack was confirmed earlier today, resulting in the loss of USD 40 million worth of Bitcoin. CEO Changpeng Zhao was hosting an Ask Me Anything session to respond to community questions, including inquiries into the theft of BTC 7,000 hours earlier. Asked if they would …


Research: Cryptojackers Targeting Consumers Virtually Extinct

cryptojacking

A fresh report by computing security firm MalwareBytes has declared that cryptojacking specifically targeting consumers “is essentially extinct“. The report, Cybercrime Tactics and Techniques Q1 2019, focused on cryptojacking, which is the illicit hijacking of consumer devices to secretly mine cryptocurrency using their computing power. This was typically done by infecting users’ browsers with a script that would tap into …


Bitfinex Alleged Missing $850 Million Puts Pressure on Crypto Markets

Bitcoin took an unexpected dive on markets overnight with pundits pointing at the New York State Attorney General’s investigations into a Bitfinex cover-up of missing Tether. Major exchange Bitfinex allegedly attempted to cover missing funds totaling USD 850 million by raiding its Tether reserves in order to pay out customers. Between May 2015 and August 2016, Bitfinex was reportedly attacked …


Crypto Companies Should Focus on Insurance for Value in Flight

Crypto Companies Should Focus on Insurance for Value in Flight_ Crypto Companies Should Focus on Insurance for Value in Flight

Cryptocurrency market as an emerging risk market requires insurance on multiple layers, according to a blog post by Coinbase chief information security officer Philip Martin. As the cryptocurrency industry matures, so does the need for increased financial security. One way to achieve this is through a contingency system like an insurance program. Martin explained Coinbase’s approach in securing the confidence …


Typosquatters: Today’s Most Successful Crypto Thieves?

Typosquatters_ Today's Most Successful Crypto Thieves_

A news article published on Bitcoin.com Australia today referenced “typosquatters”, a new breed of cryptocurrency thieves successfully stealing people’s digital assets online. Typosquatting is a recognized term in cybersecurity. As the name suggests, it refers to a mix of using typos for popular domain names and then cybersquatting. The Wikipedia definition for the latter is as follows: “Cybersquatting, according to the United …


Bithumb Loses Almost $19 Mln in EOS, XRP ”Insider” Theft

bithumb

South Korean cryptocurrency exchange Bithumb suffered an attack that allegedly led to the theft of USD 19 million in EOS and XRP. The exchange addressed the circumstances of the hack on Twitter, on Saturday 30 March. Bithumb details that suspicious activity was first detected at 10:15 on 29 March in the manner of abnormal withdrawals. All funds following this detection …


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