Blog

All Blog Posts

Security Consultant Reveals Coinomi Wallet Vulnerability, $60,000+ in Crypto Allegedly Hacked

Security Consultant Reveals Coinomi Wallet Vulnerability, $60,000+ in Crypto Allegedly Hacked

Cryptocurrency wallet Coinomi has once again become involved in a security scandal, with a security consultant claiming to have found a vulnerability in the service. Allegedly, the service would send wallet seed phrases, the backup information needed to recover a crypto wallet, to servers unencrypted—allowing hackers to potentially intercept the data and steal a user’s funds. Al Maawali, a “cryptocurrency […]

Continue Reading

Cryptocurrency Wallet Hacks Spark Dustup

Cryptocurrency Wallet Hacks Spark Dustup

Cryptocurrency wallets Trezor and Ledger are vulnerable to a number of different type attacks, researchers say.  LEIPZIG, GERMANY – Hardware based cryptocurrency wallets may not be as secure as promised. That’s the judgement of Dmitry Nedospasov, Thomas Roth and Josh Datko who together presented their research at a session here at the 35c3 conference called “wallet.fail.” […]

Continue Reading

‘Blockchain Bandit’: How a Hacker Has Been Stealing Millions Worth of ETH by Guessing Weak Private Keys

‘Blockchain Bandit’: How a Hacker Has Been Stealing Millions Worth of ETH by Guessing Weak Private Keys

arlier this week, United States-based security consulting firm Independent Security Evaluators (ISE) published a report on private keys for the Ethereum blockchain. Despite establishing around 700 weak private keys that are being regularly used by multiple people, the researchers found a “blockchain bandit” who has managed to collect almost 45,000 ether (ETH) by successfully guessing those frail private keys. Cointelegraph interviewed […]

Continue Reading

Over $100 Million Missing: CoinBene Claims Maintenance, a Month of Questions Point Toward a Hack

Over $100 Million Missing: CoinBene Claims Maintenance, a Month of Questions Point Toward a Hack

Remember CoinBene, the cryptocurrency exchange platform that denied being hacked at the end of March 2019, and instead saying it was undergoing maintenance? Well, it turns out the platform is still under maintenance, or so the company says. Meanwhile, Cointelegraph has received exclusive details from stakeholders reportedly affected by the situation. These reports, for the […]

Continue Reading

RIP: Bitcoin Exchange Cryptopia Begins Liquidation After $15 Million Hacking

RIP: Bitcoin Exchange Cryptopia Begins Liquidation After $15 Million Hacking

By CCN: It may not have sounded the death knell immediately but the January hacking of New Zealand-based cryptocurrency exchange Cryptopia changed everything forever. Now the crypto exchange which lost NZD$ 23 million (approximately $15 million) in the security breach five months ago has appointed liquidators. In a statement, Cryptopia admitted that the hacking had a […]

Continue Reading

With Bithumb hack, total stolen from crypto exchanges tops $1.3 billion — here are the 10 biggest hacks ever

With Bithumb hack, total stolen from crypto exchanges tops $1.3 billion — here are the 10 biggest hacks ever

There’s no question that exchange hacks continue to plague the nascent digital currency market, and over the weekend the amount of funds pilfered from such venues surpassed a total of $1.3 billion, according to The Block’s research. The most recent hack, which occurred at Bithumb, resulted in the loss of $19 million worth of EOS […]

Continue Reading

Hackers steal over $40 million worth of bitcoin from one of the world’s largest cryptocurrency exchanges

Hackers steal over $40 million worth of bitcoin from one of the world’s largest cryptocurrency exchanges

Hackers have stolen over $40 million worth of bitcoin from Binance, one of the world’s largest cryptocurrency exchanges, the company said on Tuesday. Binance said the hackers ran off with over 7,000 bitcoin and used a variety of attack methods to carry out the “large scale security breach” which occurred on Tuesday. They also managed to get […]

Continue Reading

This Ethereum Wallet is Targeted by More Attackers than Fortune 500 Banks

This Ethereum Wallet is Targeted by More Attackers than Fortune 500 Banks

Popular Ethereum wallet MyEtherWallet (MEW) has recorded more attempted attacks by hackers than Fortune 500 banks, according to reports from leading cybersecurity firm Segasec. Segasec has been responsible for defending MEW from malicious attacks. Such attempted attacks don’t come as a surprise, knowing the amount of valuable Ethereum tokens accessed through the MEW platform. As […]

Continue Reading