"Exchange hacks" refer to situations where cryptocurrency exchanges (platforms where people buy, sell, and store digital currencies) are hacked and unauthorized individuals gain access to users' funds, resulting in the loss of those funds.
Full definition
These arrests are part of a wider initiative by the government to clean house after a
recent exchange hack.
About confidence, he stated that more robust bounce - backs from issues such
as exchange hacks are a major step forward compared to how the community behaved in the past.
For instance, if there is a
large exchange hack or some government ruling in the short term you can probably guess bitcoin's price will go down a touch.
When it comes to vulnerabilities that can affect cryptocurrency users, most think
about exchange hacks, malware infections and wallet vulnerabilities.
Do you think it will help ease the tension both within and outside crypto communities regarding criminal activities such
as exchange hacks?
Monex, a leading online trading company based in Tokyo, has offered to take over Coincheck, the
cryptocurrency exchange hacked in January, for several billion yen.
The
Coincheck exchange hack sent shockwaves through the crypto community, and analyst Nicholas Colas says to expect more such hacks in the future.
Cyber security researchers have determined that the country's Lazarus Group has been behind a number of bank and crypto
exchange hacks in recent months.
One OTC trader said that high -
profile exchange hacks help increase business for cryptocurrency trading firms, according to Reuters.
Cryptocurrency storage and protection is still relatively in its infancy, and since the launch of cryptocurrency exchanges, there have been several
notable exchange hacks — resulting in billions lost.
Along with
Bitcoin exchange hacks and coins thefts, the ethics of keeping Bitcoins secure is one of the most discussed issues within the Bitcoin community.
This occurrence is only one of
countless exchange hacks that have cost investors the homogeneous of hundreds of millions of dollars in cryptocurrencies.
Coincheck, the cryptocurrency
exchange hacked on January the 26th announced that it will refund the investors that lost their NEM.
Cryptocurrency markets have dropped in value considerably due to multiple factors including increased regulatory scrutiny and a recent
Japanese exchange hack.
In September 2017, security research firm FireEye revealed in a threat research paper that it has found evidence to link various cryptocurrency
exchange hacking attacks to North Korea by analyzing the tools that were used to hack into South Korean cryptocurrency platforms.
Various theories have surfaced regarding South Korea's
exchange hacking issues, with North Korea increasingly suspected as a major perpetrator of cybercrime in order to amass cryptocurrency.
On November 28, 2017, the Gemini exchange site showed «504 Gateway Timeout» and crashed for several hours, but this was a technical glitch rather than a
Gemini exchange hack.
So although he would not be surprised to see a short - term «backfill,» he believes that, barring an «about - face» from regulators or a
major exchange hack, the markets will recover and continue to climb rapidly throughout the coming year.
Featured The half billion dollar
Coincheck exchange hack is still working its way through the ecosystem, carrying implications of all sorts.
To avoid the risks
of exchange hacks and price slippage, some wealthy cryptocurrency investors are turning to firms that facilitate over-the-counter (OTC) trade.
Some 500 million XEM were stolen from Japanese cryptocurrency exchange Coincheck last week in what some observers have called the
largest exchange hack to date.
There have been
numerous exchange hacks in the lifetime of Bitcoin with the most famous one being Tokyo based Mt.Gox where approximately 850,000 bitcoins belonging to customers and the company were missing and likely stolen from their hot wallet.
The study was released in an effort to bring more transparency to the country's cryptocurrency space in light of the
recent exchange hack of Coincheck, where $ 530 million worth of cryptocurrency was stolen by hackers.
«Yesterday as
the exchange hack developed, bitcoin broke a key technical level that led to a collapse to its next support level [around] $ 9,400,» he said.
After all, securing your tokens and coins for a small cost far exceeds the alternative — losing them to
an exchange hack.
Leaving your LTC on an exchange is incredibly risky, especially given the sheer volume of cryptocurrency stolen from cryptocurrency
exchange hacks to date.
Market Overview Bitcoin and other cryptocurrencies have ascended at a steady pace over the last 3 weeks and it appears that Bitcoin has developed an impressive immunity against the usual correction triggers of tax selling, regulatory fears,
exchange hacks and other FUD that have plagued crypto - markets since Q1 2018.
The Japanese finance firm says Coolbitx's wallet has received positive attention due to the recent cryptocurrency
exchange hacks.
But with every new blockchain glitch and
exchange hack, useful cryptocurrency investors see a need for financier protections that might only be probable with larger supervision oversight.
Those who have been involved with cryptocurrency for some time are likely familiar with the Mt. Gox incident of 2014, one of the most infamous cryptocurrency
exchange hacks of all time.
However, a monkey wrench in the form of yet
another exchange hack or even hearsay of a blanket ban in China, for example, could send the price on a downward spiral below $ 700.
Exchange hacks and cryptocurrency heists have seen an unprecedented rise in the recent months, and as hundreds of millions get lost in these digital robberies, investors are turning wary of crypto investing.
NEM has been lately in the news because of the Coincheck
exchange hack.
«[C] rypto investors and speculators have been through a number of
exchange hacks by now, likely recognizing that an exchange hack involves a vulnerability in the application on top of a protocol, as opposed to a vulnerability within the crypto - protocols involved... the fundamentals of crypto assets have not weakened, though we have yet another example of the need for further professionalization in crypto application - infrastructure.»
For Example, MtGox, Bitfinex plus other recent
exchange hacks and theft.
Though true in some instances, considering the recent BitGrail exchange failure and Coincheck
exchange hack, recommended practices typically include storing cryptocurrency on wallets to which each individual controls his or her own private keys, and opting for hardware wallets for an added security layer.
The half billion dollar Coincheck
exchange hack is still working its way through the ecosystem, carrying implications of all sorts.
Many people have lost their money in
Exchange hacks.