Russian-American Hacker Sentenced in Historic $4.5 Billion Bitcoin Laundering Case
A federal judge sentenced Ilya Lichtenstein to five years in prison for his role in laundering billions in stolen cryptocurrency, marking a significant milestone in one of the largest digital asset seizures in U.S. history.
Crypto Casino Platform MetaWin Hacked
On November 3, crypto casino platform MetaWin suffered a devastating exploit, leading to a theft of approximately $4 million
Following a wallet hack, the IOTA Foundation hits turbulence
The past year was a pretty good one for IOTA. Until last month, when the nascent crypto asset project was impacted by a significant hack event that brought the network to its knees. Can it recover?
Bitcoin ransomware attacks on the rise
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.
Cryptopia liquidator updates stakeholders
Liquidators Grant Thornton New Zealand have released an update for Cryptopia account holders and other creditors following the hacked exchanges receivership announcement in May.
Hacked Cryptopia exchange calls in liquidators
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.
Illicit mining rigs commonplace at universities and small businesses
A new CISCO report finds that malicious crypto-mining related traffic increased 19x in the last nine months of 2018, with much of the activity focused on the hotspots of college campuses and small businesses.
65% of hacked crypto ends up in N.Korea
New report shows cryptocurrency hacks continue to be lucrative for North Korea, with over half a billion stolen since January 2017.
Why is Asia the epicentre of crypto exchange hacks?
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?
Shock hack of ‘licensed’ Japanese exchange Zaif
Japan has suffered its 2nd major exchange hack of the year, as popular low-fee exchange Zaif has announced today that it was hacked for $60 million on September 14th.
Report says cyber-crime driving demand for crypto laundering
Historically, the pace of technological innovation has often left institutions struggling to adapt fast enough, and the same is now proving true with cryptocurrency.
Ether wallet hack exploited weakness in the internet’s infrastructure
The rerouting of user traffic to Myetherwallet which led to $150,000 of cryptocurrency being taken from customer wallets may not have been the most significant hack in crypto terms but it certainly is notable for its meticulous execution.
Why distressed digital exchanges are ideal takeover targets
Coincheck and Poloniex, the recently-hacked crypto exchanges that lost millions to cyber theft, were recently acquired by other financial companies, one of them a listed Japanese firm. Are distressed crypto exchanges becoming attractive acquisition targets?
NEM hack returns security spotlight to crypto infrastructure
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.
Stopping DDos attacks with blockchain
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.
MtGox, BTC-e, and the Missing Coins: A living timeline of the greatest cyber crime ever
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.
