Category: Repost

Round-Up of Crypto Exchange Hacks So Far in 2019 — How Can They Be Stopped?

Round-Up of Crypto Exchange Hacks So Far in 2019 — How Can They Be Stopped?

This article was updated to reflect that Bitrue has now acknowledged the hack of its platform. Throughout the past six months, seven crypto exchanges have reportedly seen large-scale hacking attacks to the tune of tens of millions of dollars, with the most recent platform to suffer a security breach being GateHub. As the global crypto exchange market continues to see an […]

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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 […]

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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.” […]

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‘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 […]

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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 […]

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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 […]

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