Tag Archives: cryptocurrency hack

Coincheck Back in News, Trading License Approved by Japan’s FSA To Re-start as Crypto Exchange Agency

Financial Service Agency (FSA) has finally approved the license for hacked crypto exchange, Coincheck to resume their operations as reported by local media agencies. Japan might look cryptocurrency with a new perspective this year. Coincheck registered as cryptocurrency exchange Coincheck which was once the largest cryptocurrency exchange in Japan suffered a $533 million hack in January 2018. The… Read More »

BitPay Warns Users to Move Funds to New Wallets Amid Malicious Code Outbreak

Global Bitcoin payment service BitPay has warned customers of a vulnerability on a third-party NodeJS package used by the Copay and BitPay apps which could be used to capture users’ private keys. The company said the malicious code was deployed on versions 5.0.2 through 5.1.0 of its Copay and BitPay apps. BitPay recommended users to move funds to new wallets immediately… Read More »

“Target” The American Retail Giant Hacked to Promote Bitcoin Scam

The meteoric rise in price and awareness of cryptocurrency has awakened the mainstream interest among folks worldwide. Investing in bitcoin has been mounting but with consequences. Consequently, an American retail giant, Target was allegedly being used by Bitcoin scammers. According to reports, the official twitter account of Target was hacked, looks more like promoting bitcoin giveaways. The account… Read More »

Cryptocurrency Exchanges Lost $882 Million to Hackers in Two Years, Report Finds

A recent report by cybersecurity company found that over the past two years cryptocurrency exchanges have lost $882 million to hackers. The report also warns that the trend is likely to increase in the future as hackers direct more of their attention to exchanges. $1.3 Million Lost Every Day Moscow-based cybersecurity company Group-IB has released a report on… Read More »

Entrepreneur Uses $67 Million Life Savings to Acquire a Cryptocurrency Exchange

Earlier this month, it was revealed that Eric Cheng, a Singaporean entrepreneur, spent all of his life savings and sold his properties including two Rolls Royces, Lamborghini, Ferrari, and a Porsche to acquire a 100 percent stake in a Japanese cryptocurrency exchange called BitTrade. Why Cheng was Willing to Take the Risk Less than a week ago, Bithumb,… Read More »

Is South Korean Exchange Hack Responsible for Bitcoin Price Plunge?

Bitcoin price plunge over the weekend is generally being linked to another cryptocurrency exchange hack in South Korea. This time it was a smaller exchange called Coinrail that was breached by blackhats who made off with over $40 million in altcoins which may have caused the massive sell-off on Sunday leaving a trail of red all through the… Read More »

Hacked: $1.35 Million Stolen from Taylor Cryptocurrency Trading App

Osato Avan-Nomayo · May 29, 2018 · 10:30 pm Taylor, the cryptocurrency trading app, reportedly suffered a cyber attack on May 22nd. According to a post on the app’s Medium account, a hacker stole all of the funds raised by the project’s ICO as well as the native TAY tokens. There are indications that the same hacker was… Read More »