Hacks

Crypto Management App Denies Being Hacked

Plutus, a crypto finance app founded in 2015, denied social media reports that its database was compromised by a hacking attack launched by alleged threat actors. On July 9, Israel-based threat intelligence firm, Sixgill, published an alert through their official Twitter account which stated that hackers have been sharing a database stolen from the crypto …

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Successful Ransomware Attacks Decline in 2020

The number of successful ransomware attacks witnessed a decrease between January and April 2020 in the U.S. public sector amid the COVID-19 crisis. However, researchers have recently noticed that trend reversing, with incidents now starting to increase. According to the study by the malware lab, Emsisoft, the figures show a decline in comparison to the …

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Ledger Crypto Wallet Claims Purported Vulnerability Is User Experience Flaw

Leading crypto hardware wallet producer Ledger has denied that its product’s transaction management software featured a double-spend vulnerability. According to Ledger’s CTO Charles Guillemet, the vulnerability recently revealed by software wallet ZenGo is — in fact — nothing more than a user experience flaw. He illustrated the nature of its hardware wallet companion software Ledger …

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The Five Most Malicious Ransomwares Demanding Crypto to Watch Out For

As interconnectivity turns the world into a global village, cyberattacks are expectedly on the rise. According to reports, the tail end of last year saw a spike in the average amount of payments made to ransomware attackers, as several organizations were forced to pay millions of dollars to have their files released by malware attackers. …

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Researchers Say New Lightning Network Attack Could Create ‘Chaos’

A study published on June 29 revealed a way to drain Bitcoin (BTC) wallets’ funds on the Lightning Network by exploiting a bottleneck in the system. According to the “Flood & Loot: A Systemic Attack On The Lightning Network” paper, Jona Harris and Aviv Zohar from the Hebrew University in Israel evaluated a systemic attack …

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New hack runs homebrew code from DVD-R on unmodified PlayStation 2

A demo from CTurt shows an SNES emulator running on a PS2 from a burned DVD-R. Nearly 20 years after its initial release, a hacker has found a way to run homebrew software on an unmodified PlayStation 2 using nothing but a carefully burned DVD-ROM. Previous efforts to hack the PS2 relied on internal modifications, …

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Australian Beverage Giant Faces Monero Ransom Demand of Nearly $1M

Another ransomware attack has hit the Australia-based drinks manufacturer, Lion. This is the second attack on the company in less than one week. The cybercriminals behind the attack are threatening to double the ransom amount if Lion does not pay by the specified date. The currency of choice for the particular attack is Monero (XMR). …

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Bancor Discovers Critical Vulnerability, Hacks Itself to Prevent Theft

The newest release of the Bancor decentralized exchange appears to be vulnerable to a very serious bug that can result in a significant loss of user funds. According to the tweet posted by Bancor on June 18, the vulnerability affects the latest version of the BancorNetwork smart contract, which was launched on June 16. Users …

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Ether Mining Pool Decides to Pocket One of the $2.6M Fee Transactions

Ether (ETH) mining pool Etherchain decided to distribute the $2.6 million in fees it received as part of the abnormal string of transactions seen last week. According to a tweet published on June 15, the pool will distribute the windfall to all miners who participated in that block, according to a snapshot taken at the …

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Michigan State University Hit by Ransomware, Refuses to Pay Criminals

In early June, media outlets reported that the NetWalker ransomware gang had attacked Michigan State University, or MSU. At the time, the gang threatened to leak students’ records and financial documents. The university’s officials now have said that they will not pay the ransom. According to Detroit Free Press, the unspecified bounty requested in crypto …

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