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Tag Archives: theft

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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Chinese Police Seize 200 Bitcoin, Ethereum Mining Rigs Over Electricity Theft

Chinese police have reportedly seized over 200 computers used to mine bitcoin and ethereum in a crypto-mining operation that allegedly stole electricity. According to a report by China’s state-owned press agency Xinhua, police in the Anhui Province of eastern China confiscated the equipment after being alerted to abnormally high electricity usage by the local power grid’s operator. The suspect, identified ...

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Bithumb Confirms $30 Million Cryptocurrency Theft, Investors Will be Fully Compensated

On June 20, Bithumb, South Korea’s biggest cryptocurrency exchange, retracted its announcement that $30 million was hacked from its exchange, leading investors to panic. Today, on June 21, Bithumb confirmed that $30 million was stolen and the amount could decrease after various recovery efforts. Bithumb Could Recover a Portion of Stolen Cryptocurrency Yesterday, the Bithumb team stated on several social ...

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EOS Block Producers Freeze User Funds to Prevent Theft, Resulting in Twitter Backlash

EOS has frozen seven accounts compromised by the registration process through phishing scams, according to a Steemit post by EOS42, an EOS block producer (BP) candidate. The news, published on June 17, has led to backlash based on allegations that the BPs have violated their own constitution. After the public learned of the account freezings, crypto enthusiast Nick Szabo referred ...

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Korean Cryptocurrency Exchange Coinrail Suffers $40 Million Theft

Get exclusive fiat and cryptocurrency analysis on Hacked.com for just $39 per month. Click here now! South Korean cryptocurrency exchange Coinrail said it was the victim of a hack on Sunday, with reported losses of about 40 billion won ($37.2 million) in cryptocurrency. In a blog post on Monday, Coinrail confirmed it had suspended its services following a “cyber intrusion” ...

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Binance User Loses 2 BTC After Hacker Steals Password, How to Prevent Theft

Amidst the brutal market conditions, a Reddit user, BeanThe5th, has somehow managed to get in more trouble than the market is currently in, reportedly losing two Bitcoin in a hack.  Reddit User Loses Two Bitcoin In Binance Hack Yesterday, BeanThe5th made a thread in the popular /r/cryptocurrency subreddit, regarding a theft that has occurred on his or her Binance account. Many ...

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