Category: Hacks

Creditors of Mt. Gox Bitcoin exchange to vote on draft refund plan

February 25, 2021

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Mt. Gox creditors will vote on a proposed draft compensation plan in October. 2995 Total views 15 Total shares The trustee of hacked, now-defunct cryptocurrency exchange Mt. Gox has posted another update on the long-running process of refunding the exchange clients. Nobuaki Kobayashi, a Tokyo attorney appointed to act as civil rehabilitation trustee to manage […]

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10 Arrested Over SIM-Swap Hacks That Stole $100M in Crypto From Celebrities: Europol

February 10, 2021

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The alleged international criminal network targeted online influencers, sports stars, musicians and their families in the U.S. Feb 10, 2021 at 12:35 p.m. UTC 10 Arrested Over SIM-Swap Hacks That Stole $100M in Crypto From Celebrities: Europol Crime-fighting agency Europol says 10 people have been arrested for SIM-swap attacks that stole over $100 million in […]

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UN Says North Korea Funded Nuclear Weapons With Crypto Hacks in 2020: Report

February 9, 2021

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U.N. experts estimate that over $316 million in crypto was stolen by North Korea-linked hackers last year. Feb 9, 2021 at 3:19 p.m. UTCUpdated Feb 9, 2021 at 3:33 p.m. UTC UN Says North Korea Funded Nuclear Weapons With Crypto Hacks in 2020: Report Cryptocurrency hacks worth hundreds of millions of dollars were used to […]

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Yearn.Finance puts expanded treasury to use by repaying victims of $11M hack

February 9, 2021

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DeFi protocol Yearn.Finance repaid victims of its $11M hack by opening a Maker vault with YFI tokens from its newly expanded treasury. 4618 Total views 16 Total shares Major decentralized finance protocol Yearn.Finance (YFI) has restored its yDAI vault in the aftermath of a $11 million exploit by hackers. Yearn announced Tuesday that they opened […]

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Crypto Exchange 2gether Says It Can’t Fully Reimburse 9% of Users After 2020 Hack

January 27, 2021

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After a successful fundraising effort, the company said it can now reimburse most, but not all users. Ramon Ferraz, CEO of 2gether(2gether) Jan 27, 2021 at 1:43 p.m. UTCUpdated Jan 27, 2021 at 3:05 p.m. UTC Crypto Exchange 2gether Says It Can’t Fully Reimburse 9% of Users After 2020 Hack Crypto exchange 2gether said it […]

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The impact of Bitcoin hacking incidents in the crypto market

January 24, 2021

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In the 2013–2017 period, 29 hacks occurred in the Bitcoin market where a total of 1.1 million Bitcoin were stolen. Noting that the average price for Bitcoin (BTC) in December 2020 exceeded $20,000, the corresponding monetary equivalent of losses is more than $22 billion, which strongly highlights the societal impact of this criminal activity.  What […]

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Livecoin Exchange Announces Closure After December Hack

January 18, 2021

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Following an alleged December breach, the trading platform now says it will close and repay users any remaining funds. Jan 18, 2021 at 12:54 p.m. UTC Livecoin Exchange Announces Closure After December Hack Cryptocurrency exchange Livecoin announced Saturday it will shut down after a claimed attack on the platform last month. The Russia-based exchange said […]

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Ledger Adds Bitcoin Bounty and New Data Security After Hack

January 13, 2021

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Ledger was also targeted by hackers in Shopify’s data breach. Ledger wallet(Ledger) Jan 13, 2021 at 3:00 p.m. UTCUpdated Jan 13, 2021 at 4:15 p.m. UTC Ledger Adds Bitcoin Bounty and New Data Security After Hack Matt Johnson, Ledger’s new Chief Information Security Officer (CISO), had no choice but to hit the ground not just […]

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A crypto New Year’s resolution: Modernize security infrastructure

December 31, 2020

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It’s safe to say that 2020 has been a banner year for the digital-asset space. Bitcoin (BTC) soared past its previous high, and many other prominent cryptocurrencies reached their highest levels since the heyday of 2017 and early 2018. Across the financial services industry, institutional voices are expressing reinvigorated interest in digital assets. The growth […]

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Roundup of crypto hacks, exploits and heists in 2020

December 26, 2020

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Unlike in previous years, crypto news in 2020 has not been dominated by major exchange hacks and million dollar Bitcoin thefts. However, there have still been quite a few and most of them have originated from the nascent decentralized finance sector. DeFi has been one of the main drivers of crypto market momentum in 2020 […]

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