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Tag Archives: theft

Japan Cryptocurrency Theft Cases Tripled in H1 2018, $530 Million Stolen: Police

Barely before the ink had dried on the news that Japanese cryptocurrency exchange Zaif had been hacked and slightly less than US$60 million stolen, the National Police Agency (NPA) of Japan has released a report highlighting the vulnerability of Japan’s crypto space. According to the NPA, the number of incidents involving the theft of funds from cryptocurrency exchanges and individual ...

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Licensed Crypto Exchange Zaif Plans Compensation after 6,000 Bitcoins, $60 Million Crypto Theft

In the second major hack of a Japanese cryptocurrency exchange this year, some 6.7 billion yen ($60 million) in cryptocurrencies were stolen from the wallets of Zaif of which 4.5 billion yen ($40 million) belonged to customers. Tech Bureau, operator of cryptocurrency exchange Zaif, confirmed the hack occurred between 1700 and 1900 local time on September 14 wherein attackers managed ...

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Chinese Police Arrest Hackers Behind $87 Million Cryptocurrency Theft

Chinese police have reportedly arrested three suspected hacked alleged to have stolen bitcoins and other cryptocurrencies worth $87 million. According to a report in Xinhua, China’s state-owned press agency, police in the city of Xi’an in northern China first began investigating a complaint by a victim who alleged hackers had compromised his computer to steal 100 million yuan (approx. $15 ...

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US Investor Files Lawsuit Against AT&T Over Cryptocurrency Theft

A U.S.-based cryptocurrency investor and entrepreneur has filed a multi-million-dollar lawsuit against telecommunications firm AT&T. Michael Terpin believes that he became the victim of a theft in which a large amount of digital currency was taken from him due to the company’s negligence. Terpin Believes He Was the Victim of a SIM Swap Fraud Michael Terpin has brought legal action ...

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Bitcoin Investor Sues AT&T for $224 Million after Mobile-Linked Theft

A bitcoin investor has sued telecommunications giant AT&T for $224 million after losing millions of dollars worth of cryptocurrency in a theft that he says is the cellular service provider’s fault. According to CNBC, California resident Michael Terpin has filed a 69-page complaint against AT&T in U.S. District Court in Los Angeles, in which he alleges that he lost $24 ...

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Kairos Seeks to End Cryptocurrency Theft With Facial Recognition

Despite major growth across the cryptocurrency industry, some key problems have remained unaddressed. The theft of cryptocurrencies is still a very lucrative venture after so many years. Kairos wants to end this problem once and for all by introducing facial recognition software. Kairos Has Big Plans for Cryptocurrency Any company looking to make cryptocurrency a safer industry needs to be applauded ...

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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 ...

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Blockchain Innovator Unites with Global Social Network to Battle Digital Theft in the Creative Industry

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. Shanghai ...

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Coinsecure [Finally] Reveals Claims Process for $3 Million Bitcoin Theft

After delays, Indian cryptocurrency exchange Coinsecure outlined its compensation process for customers impacted by the theft of 438 bitcoins in April, worth approximately $3 million at the time. In an announcement on its website on Tuesday, Delhi-based cryptocurrency exchange Coinsecure revealed it will begin processing customer claims for compensation in rupees, India’s fiat currency. Customers who were affected by the ...

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