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2807, 2019

Bitcoin ransomware attacks on the rise

|28 Jul 2019|News|

Companies and governments around the world are being targeted by ransomware attackers. The hackers encrypt data and disable IT systems before demanding payment in exchange for the decryption key.

407, 2019

Cryptopia liquidator updates stakeholders

|4 Jul 2019|News|

Liquidators Grant Thornton New Zealand have released an update for Cryptopia account holders and other creditors following the hacked exchanges receivership announcement in May.

1505, 2019

Hacked Cryptopia exchange calls in liquidators

|15 May 2019|News|

Almost two months after announcing in late March that it was “100% committed to reopening the exchange, bigger and better and to continue trading”, hacked exchange Cryptopia has decided instead to call in the liquidators.

310, 2018

Why is Asia the epicentre of crypto exchange hacks?

|3 Oct 2018|News|

While exchanges in Europe and the U.S. have not been immune from cyber attacks, the majority of the largest cryptocurrency exchange hacks have occurred in Asian markets, with South Korea and Japan leading the scoreboard. The question is why?

1902, 2018

NEM hack returns security spotlight to crypto infrastructure

|19 Feb 2018|News|

After the Coincheck exchange hack and admissions by its management of remarkably lax security, questions are again being asked about whether the security infrastructure around cryptocurrencies is as secure as it ought to be — and what can be done to prevent further large-scale thefts.

2610, 2017

Stopping DDos attacks with blockchain

|26 Oct 2017|News|

In a recent report released by multinational cybersecurity providers Kaspersky Lab, the duration and sophistication of DDoS attacks companies have faced so far in 2017 is increasing — with attacks on crypto infrastructure evolving in their sophistication. As the digital economy continues burgeoning, the need for increased cybersecurity is obvious.

1608, 2017

MtGox, BTC-e, and the Missing Coins: A living timeline of the greatest cyber crime ever

|16 Aug 2017|News|

This time a year ago, one might have been forgiven for thinking that Bitcoin had exhausted its fair share of newsworthy scandals. But the past several months have proven that this technology, although no longer nascent, shows no signs of becoming boring any time soon. With the recent hardfork and the creation of the first alt-bitcoin, Bitcoin Cash (BCH), the news of developments in the MtGox saga late last month was relegated to the status of mere background noise among media outlets covering the crypto space. This is understandable, given that increasingly few players in today’s crypto ecosystem have been around long enough to remember the theft, or to have been affected by it. However, for those who have been following Bitcoin since the earlier days, any progress in solving the mystery of the MtGox heist is still considered big news.

312, 2016

Bank customers extorted for ten percent of balances

|3 Dec 2016|News|

The clientele of a privacy-focused bank in the tiny European country of Liechtenstein, Valartis Bank, received an email on Wednesday demanding that ten percent of their account balances be liquidated and sent to a hacker, via Bitcoin.

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