Baltimore’s Bitcoin Ransom Attack Amounts to $18 Million, Hackers’ $80,000 Demand Gets Unfulfilled

2019-6-7 05:05

It has been recently revealed that Baltimore’s latest crypto ransom attack resulted in nearly $18 million spent on recovery. The attack, which supposedly took place on Tuesday, May 7, 2019, not only had the city scrambling to get the effects eliminated to the best of their abilities, but also left them deciding on whether hackers’ […] origin »

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Binance Relaunches With $1.2M Giveaway Following System Upgrade

Cryptocurrency exchange Binance is preparing to leave its $40 million hack behind it, confirming it had relaunched most of its service May 15. Binance Goes Live (Again) Only around one week after hackers managed to circumvent security mechanisms in what CEO Changpeng Zhao said was a coordinated attack, Binance is finishing its last checks before going fully live.

2019-5-15 16:30


Breaking: Binance exchange gets compromised; 7000 BTC worth $40 million withdrawn by hackers

Binance’s official blog spoke about a security breach in Binance that allowed hackers to get away with 7000 BTCs, a large number of user API keys, 2FA codes, and potentially other info. The blog further added that the targetted attack was on a hot wallet and that only 2% of the total funds in that wallet […] The post Breaking: Binance exchange gets compromised; 7000 BTC worth $40 million withdrawn by hackers appeared first on AMBCrypto.

2019-5-8 03:48


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Inside North Korea’s evil masterplan to siphon Southeast Asia’s cryptocurrency

North Korea might be posturing to attack Southeast Area’s growing cryptocurrency sector, and experts say it demands international response to reduce the threat. British defense think-tank Royal United Services Institute (RUSI) has warned countries like Singapore, Thailand, Malaysia, and Vietnam could soon become targets of state-sponsored hackers intent on skirting international economic sanctions, CNBC reports.

2019-4-15 12:56


The Hacking of Dragonex: What’s The New Call for Better Exchange Security Look Like?

Security breaches to online cryptocurrency exchange platforms is not new. Infact, many hackers specifically devote their time, energy and resources in targeting exchange with big assets to attack and this act calls for improved awareness and cryptographic innovations that would protect blockchain platforms from such malicious attacks. As encrypted as the blockchain system is, it […]

2019-4-5 01:05


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Lazarus Hacker Group Continues to Target Crypto Using Faked Trading Software

This article was originally published by 8btc and written by Lylian Tang. The Chinese security service provider 360 Security has issued a warning that a large number of crypto exchanges have been targeted by the North Korean hacker group Lazarus and that the number is still rising after the recent hacks of crypto exchanges DragonEx, Etbox and BiKi.

2019-4-2 21:54


The Proof-of-Stake Pandora’s Box—A “Rich Get Richer” Formula?

It has been six days since Constantinople had to be forcefully put off because of a bug. Chain Security sniffed out the vulnerability just before miners upgraded gifting hackers—who appear to be on the prowl, to not only siphon out hard earned funds but revive the memories of 2016 DAO attack that as well all […] The post The Proof-of-Stake Pandora’s Box—A “Rich Get Richer” Formula? appeared first on Ethereum World News.

2019-1-22 15:30


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Almost $1 Million Stolen in Phishing Attack on Electrum Wallet

Popular cryptocurrency wallet Electrum is in the midst of an ongoing hack which saw almost $1 million in Bitcoin stolen so far, Reddit users discovered on December 27, 2018. 250 BTC Stolen in Electrum Wallet Hack It seems that hackers aren’t lying idle during Christmas time, as a popular cryptocurrency wallet has reportedly experienced one of the largest thefts of.

2018-12-30 00:00


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AI ransomware is on the rise as attackers scale up: Report

TRM Labs identified nine new ransomware groups that extensively use AI to scam their victims. Since the latest AI tools emerged, scammers have been using them in their attacks. On Monday, Oct. 6, blockchain analytics platform TRM Labs published a…

Ransomware kits built with AI are behind a 70% surge in attacks

Attackers are increasingly deploying AI tools to execute ransomware attacks at scale With the increased availability of AI tools, scammers are deploying ransomware at scale. According to a report by OutreachX, automation and AI are contributing to a significant increase…

US charges developer in LockBit group, paid in crypto

The U.S. Department of Justice has charged Rostislav Panev, a dual Russian and Israeli national, for his alleged involvement with the LockBit ransomware group.  Panev, 51, is accused of working as a developer for the group, earning over $230,000 in…

Crypto CEO kidnapped in Toronto, $1m ransom paid for release

Toronto police are investigating the kidnapping of Dean Skurka, CEO of WonderFi. Skurka was abducted in downtown Toronto during rush hour on Wednesday, Nov. 6. He was later released after a $1 million ransom was paid electronically, per CBC. The…

Cencora paid $75m in Bitcoin ransomware: Bloomberg

Cencora, a healthcare solutions provider, paid a total of $75 million to a ransomware group earlier this year, according to Bloomberg. The publicly traded drug distributor, formerly known as AmerisourceBergen, reportedly sent Bitcoin (BTC) worth $75 million to cyberattackers following…