Home » Tag Archives: Hack

Tag Archives: Hack

Crypto Week In Review: Bancor Hack, Coinbase Add Tokens, Price Drop

Despite seeing bearish price action, with the market moving down by 10%, the past week was still rife with news about cryptocurrency exchanges. This Week’s News Headlines Hedge Fund Investor Takes Step Into An Unfamiliar Space Steven Cohen, a well-known hedge fund manager, recently made an investment into Autonomous Partners, a new hedge fund that is focused on the acquisition ...

Read More »

Bancor Creates Crime-fighting ‘Crypto Defenders’ as Scorn Over $12 Mln Hack Escalates

Self-styled “decentralized” exchange platform Bancor pledged to tackle cybercrime threats to cryptocurrency entities in a blog post July 12 as it resumed operations following a $12 mln hack this week. Summarizing the platform’s future plans in the post, co-founder Guy Benartzi also announced that Bancor’s internal tools that helped tracked its hacked funds would be made available to a wider audience. ...

Read More »

The $40 Million Dollar Bitcoin Hack That Never Was

2018 may be remembered in the end as a stellar year for crypto hacks. With still five months to go there has been at least a billion USD stolen in digital assets according to CNBC and for anyone who’s been paying attention, that number seems light. The year started off with the $530 million NEM token heist from Japanese exchange ...

Read More »

Bancor Hack | Crypto Exchange suffers $23.5 Million Theft

Bancor hack: On Monday, the cryptocurrency world saw another hack. Crypto exchange Bancor — an Israel-Switzerland company — had $23.5 million worth of three different cryptocurrencies stolen. Its services include a wallet with a built-in exchange service and according to Bancor, no wallets were compromised but “a wallet used to upgrade some smart contracts was.” The breakdown of the Bancor hack looks like ...

Read More »

Bancor Urges Industry Players to Collaborate After $23.5 Million Hack

On July 9, the decentralized crypto platform Bancor was compromised. The hackers managed to drain over $23 million worth of crypto, part of which has allegedly already been converted into fiat via the instant exchange service Changelly. While the Bancor team is collaborating with other industry players to track the stolen funds, the recent security breach shows how decentralized platforms ...

Read More »

Another MyEtherWallet Hack | Twice in Three Months

It’s only been four months since the last MyEtherWallet hack, but the crypto wallet platform is at the center of yet another security breach. This time, however, the breach involves the Hola VPN. As a result, if you use Hola’s Chrome extension, MyEtherWallet has warned that you should move your funds to a new account.  MyEtherWallet Hack: What We Know ...

Read More »

MyEtherWallet Warns of [Another] Hack, Urges Hola VPN Users to Move Funds

Popular Ethereum wallet interface and token wallet MyEtherWallet is – yet again – at the center of a significant security breach and has warned its users utilizing a popular VPN to move their funds. MyEtherWallet (MEW) is now reeling from its second major security compromise in under three months after claiming hackers compromised Hola, a free virtual private network (VPN) ...

Read More »

The Common Tactics Used to Hack a Cryptocurrency Exchange

A lot of amateur cryptocurrency traders and retail investors are starting to lose interest in this booming industry because of the lengthy and painful decline on the market of digital currencies. Few of those who purchased Bitcoin for $20,000 believe they can sell their funds at the same rate, not to mention any chance of profit. That’s because brokers still ...

Read More »

Bithumb Has Recovered Nearly Half of Funds Stolen in Last Week’s Hack

Cryptocurrency exchange Bithumb claims that it has recovered nearly half of the funds stolen in a recent high-profile hack at the South Korean trading platform. As CCN reported, hackers breached Bithumb’s online hot wallets on June 20, making off with approximately 35 billion KRW (~$31 billion) before the exchange operator was able to transfer its remaining hot wallet assets to ...

Read More »

Bithumb Hack | $14 million worth of BTC, ETH, BCH, and XRP Stolen

Bithumb hack: Last week, the world’s 11th largest cryptocurrency exchange by its 24-hour trade volume, Bithumb, announced that it had been hacked. The initial reports suggested that close to 35 million Korean won ($31 million USD) had been taken from its platform. Several cryptocurrencies were stolen, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Bitcoin Cash (BCH). The original translated tweet ...

Read More »