Hacks

North Korean Hackers Threatened Bithumb Exchange With a $16M Ransom Amid the 2017 Data Breach, Says Report

<div class=”featured_image_container”> </div> <strong>A new report commissioned by the U.S. secret services unveiled what happened behind the attack launched by North Korean hackers against a South Korean crypto exchange. The case is about a breach on June 29, 2017, which exposed data tied to over 30,000 customers stemming from Bithumb.</strong> Hackers Threatened to ‘Destroy’ Data …

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FORCE token sees volatile 24 hours following coordinated attack on ForceDAO

Hackers made off with 183 Ethereum (ETH), worth roughly $386,000 at the time of writing, following a coordinated attack on DeFi platform ForceDAO Sunday. Following an initial selloff, ForceDAO’s native FORCE token was in recovery mode on Monday, capping off a highly volatile 24 hours for the newly launched project.  ForceDAO detailed the Sunday exploit …

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Default auditing for DeFi projects is a must for growing the industry

The radical opportunity presented by decentralized finance has garnered significant attention from investors and speculators alike. The total value locked in DeFi protocols grew over 2,500% in 2020, from around $700 million in January 2020 to over $20 billion in December 2020. TVL is a more useful metric than market capitalization when it comes to …

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Furucombo to issue iouCOMBO tokens to repay victims of $15M attack

Decentralized finance transaction combination tool Furucombo will compensate the victims of a recent “evil contract” exploit that cost the protocol $15 million in stolen funds. Following an internal call with affected users last week, Furucombo released a compensation plan Tuesday, announcing that they will issue 5 million iouCOMBO tokens to the victims of the breach. …

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How wallet platforms are taking on exchanges

One of the biggest trends in recent months has seen Bitcoin flow out of exchanges into wallets. Generally, this is interpreted as a bullish sign — indicating that investors are optimistic about further growth in cryptocurrency prices.  But delve deeper, and there’s more to this than meets the eye. The crypto industry has grown immeasurably …

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US Government Expands Charges Against North Korean Hackers- Authorities Describe Them as The ‘World’s Leading Bank Robbers’

<div class=”featured_image_container”> </div> <strong>The U.S. Department of Justice (DOJ) unsealed new charges against the North Korean state-sponsored Lazarus Group. The hackers are allegedly responsible for stealing over $1.3 billion in cryptocurrencies and fiat during coordinated cyber-heists.</strong> North Korean Hackers Also Developed and Deployed Malicious Crypto Apps According to the announcement, law enforcement expanded charges to …

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Florida city attacked by a hacker trying to poison its drinking water

The FBI is investigating an attempt by an individual or group of hackers to poison a city’s water supply. As reported by Reuters and the Tampa Bay Times, public officials from Oldsmar, Florida, a community located about 25 minutes north of Tampa, said someone gained unauthorized access to one of the computers in the city’s …

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The impact of Bitcoin hacking incidents in the crypto market

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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Ledger owners report chilling threats after 20K more records leaked

Ledger users are receiving threatening emails in the wake of the hardware wallet manufacturer reporting that 20,000 more of its customers have been affected by another massive data breach. One or more extortionists using the names Darrin Burlew and Denni Hornig have reportedly sent emails to users who say their personal information was released as …

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SolarWinds hack may have been much wider than first thought

REUTERS/Sergio Flores The scope of the SolarWinds hack keeps growing. The New York Times has conducted interviews indicating that the allegedly Russia-backed campaign was much further-reaching than initially believed. Where the intruders allegedly scouted ‘just’ a few dozen government and corporate networks, it now looks like up to 250 networks fell victim to the hack. …

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