Coinmama, one of the largest crypto brokerages in the global market with 1.3 million active users, suffered a security breach on February 15. The official statement of the exchange disclosed that 450,000 email addresses and passwords were leaked in a massive global hacking attack involving 24 websites and some 747 million records. The Coinmama team said: Today, February 15, 2019 Coinmama was...
Binance CEO Changpeng Zhao has claimed all fraudulent trades that occurred on Wednesday have been reversed. Suspicions were high earlier this week regarding strange occurrences on the Binance exchange. Multiple users took to Reddit to express concern at highly unusual unauthorized trades happening on their accounts. Clarification has come today with an official release from the exchange and...
Yesterday, on March 8, the price of bitcoin has dropped below $9,500 briefly, triggered by Binance hack rumors, the Japanese government’s issuance of penalty on local exchanges, and the sell-off of a massive amount of bitcoin by the Mt. Gox trustee. Binance Hack Rumors Refuted From over $10,600, the price of bitcoin dropped by more than $1,100 within a span of several hours, reaching $9,400...
The US securities regulator has charged the now-shuttered BitFunder with attempting to hide information about a major hack. Meanwhile, the US Attorney's Office for the Southern District of New York simultaneously charged BitFunder founder, 37-year old Jon E. Montroll of Texas who also ran digital wallet service WeExchange Australia, with two counts of perjury and obstruction of justice. He faces...
Investors have opened legal proceedings against embattled Japanese cryptocurrency exchange Coincheck. The Tokyo based platform was the victim of a major hack last month, with a reported loss of $530 million worth of XEM. The platform quickly closed both fiat and cryptocurrency withdrawals following the breach, in an attempt to prevent further possible loss. Whilst Yen withdrawals reopened on...
The Tether Treasury wallet has been hacked, leading to the loss of $31 million in USDT, a crypto-token which pegs its value to the US dollar through an inflationary monetary policy. In an official announcement, the development team of Tether stated: “Yesterday, we discovered that funds were improperly removed from the Tether treasury wallet through malicious action by an external attacker...
Earlier this week, as CCN reported, a bug in the Parity software of Ethereum was discovered, effectively freezing hundreds of millions of dollars in Ether as a consequence. Initially, many speculative reports were made on social media, to which the Parity development team responded: “Update: To the best of our knowledge the funds are frozen & can't be moved anywhere. The total ETH circulating...
On July 20, as reported by CCN, hackers managed to seize $32 million in Ethereum after breaching Parity Technologies’ popular multi-signature wallet software. The hacker, according to blockchain data, managed to steal over 153,000 Ether, part of which he has now managed to cash out. At the time, Swarm City confirmed they lost over 44,000 Ether, and Edgeless Casino and Aeternity have also fallen...