Sentences with phrase «hacked exchange hacks»

Not exact matches

Recorded Future, a cybersecurity firm, published an analysis Tuesday laying out evidence that North Korean hackers — the same group, known as Lazarus, blamed for the infamous hack of Sony Pictures Entertainment in 2014 — were systematically targeting and plundering South Korean cryptocurrency exchanges.

Indeed, the sudden halt of Bitconnect drew parallels to Mt. Gox, a major cryptocurrency exchange that shuttered in 2014 after losing virtually all its Bitcoins — largely through a massive hack, but also through the alleged embezzlement and mismanagement of its CEO.

And worries «that the prices of Bitcoin and other digital tokens have been artificially propped up by a widely used exchange called Bitfinex, which has a checkered history of hacks and opaque business practices,» the New York Times reported.

An obscure Italian cryptocurrency exchange called BitGrail claims that it was hacked late last week and lost roughly $ 195 million worth of customers» cryptocurrency.

Over one stretch of 2013, its price surged 85-fold; it crashed the following year after a hack of the exchange Mt. Gox shook the confidence of many early devotees.

«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.

In the same month, Yapian, the owner of South Korea's Youbit exchange, filed for bankruptcy following a hack that saw 17 percent of its cryptocurrency holdings stolen.

The price of Bitcoin has seen a roughly 5 % bump in the last day, and the cause appears to be a potential rescue for the hacked cryptocurrency exchange Coincheck — from financial services company Monex.

Japan's Financial Services Agency told Coincheck to get its systems in order after the hack — the exchange had been storing customer assets in an internet - connected «hot wallet,» which is something of a security no - no.

Another person summarized: ``: fire:: fire:: fire:: fire: NOBODY PANIC: fire:: fire:: fire:: fire:» Many drew comparisons to Mt. Gox, a Japanese virtual - currency exchange — once the largest of its kind — that had collapsed in a catastrophic $ 460 million hack two years prior.

The SEC complaint said the Saginaw, Texas, resident failed to disclose a cyberattack on his exchange's system and a bitcoin theft that followed that hack.

The more than $ 500 million cryptocurrency heist at a major Japanese exchange last week is unlikely to be the last such hack, according to a Wall Street analyst.

The exchange later said in a blog post on Sunday that it would be making reparations to roughly 260,000 affected users, adding that it offered its apologies for the «immense distress» caused to customers following the hack.

Japanese cryptocurrency exchange Coincheck confirmed that some $ 524 million worth of digital coins had been stolen — likely making it the largest single hack on an exchange, even outweighing the Mt. Gox breach of 2014.

Yes, hacking into Bitcoin exchanges is a full - time job for some people.

What may also be keeping crypto markets relatively more propped up today than they were following the Mt. Gox hack is the fact that there are more players in the market today, with Coincheck being just one of many exchanges, and NEM being only one of many cryptocurrencies.

She is hopeful, she said, that regulators will warm up to the sector as they did in Japan, now one of the most cryptocurrency - friendly environments, despite being home to Tokyo - based Mt. Gox, once the world's biggest Bitcoin exchange before its disastrous hacking in 2014.

The trading hype has persisted despite a massive hack of Tokyo - based exchange Coincheck in January that resulted in losses of about 58 billion yen ($ 533 million) worth of virtual currency, according to Coindesk.

Since then, Fortune has spoken with more than a dozen victims, including tech CEOs and well - known blockchain proponents, whose Coinbase accounts have been targeted and hacked in almost exactly the same fashion; still more have been attacked on other exchanges.

Sensitive, confidential information belonging to major U.S. stock exchanges was at risk of being hacked this year, thanks to an oversight by Securities and Exchange Commission staffers, according to a new Reuters report.

There were scandals such as the hacking and bankruptcy of Mt. Gox, one of the largest bitcoin exchanges in the world.

At the start of the month, Bithumb, the fourth largest cryptocurrency exchange in the world was hacked.

The lack of detail that Bitfinex provided about the hacking drove away some large customers, such as Arthur Hayes, the founder of Bitmex, a Hong Kong - based virtual currency exchange.

Even so, exchanges can and have been hacked, and regulators could always, in theory, determine at any time that an exchange is unlawful.

A leading South Korean insurance firm has rejected a claim from the cryptocurrency exchange Youbit, which was seeking a $ 2.8 million payout following a hack in December 2017 that caused it to declare bankruptcy.

The South Korean cryptocurrency exchange Youbit has been hacked a second time, allegedly by North Korean actors, and has since announced that it will file for bankruptcy.

The company spread out the losses to all customers — even those who were not holding bitcoin at the time of the hacking — by forcing customers to take a 36 - per - cent haircut or loss on any money at the exchange.

A group of 16 cryptocurrency exchanges in Japan have decided to create a self - regulating body in the country to safeguard investors following the massive Coincheck hack last month that cost about $ 530 million, according to Reuters.

Cryptocurrency exchange Coinsecure has suffered a hack leading to a loss of 438.318 bitcoins worth Rs 19 crore ($ 2.9 million), the Delhi - based company said.

One OTC trader said that high - profile exchange hacks help increase business for cryptocurrency trading firms, according to Reuters.

A $ 530 million hack of Japanese cryptocurrency exchange Coincheck late last week has also weighed on the market, along with a subpoena U.S. regulators sent to two of the world's biggest cryptocurrency players, Bitfinex and Tether.

Many in Japan feared its cryptocurrency market would grind to a halt following the hack of the Tokyo - based exchange, Coincheck.

That inspection came in the wake of a January 26 hacking incident: the exploit saw $ 530 million worth of NEM tokens stolen from the exchange.

And last week, in particular, with the continuation of the hack attacks and closures of the exchanges and the devaluation of said Bitcoin, well, let's just say that it wasn't the best of weeks for that cryptocurrency.

WizSec also believes Vinnik was involved in laundering money from other hacked cryptocurrency exchanges — Bitcoinica, Bitfloor, and some other currently unnamed platforms.

In several forums and social media websites, bitcoin enthusiasts expressed confusion as to how the exchange's cold wallet was hacked.

The digital currency exchange later updated the message, revealing it had been hacked.

Hacks have plagued centralized cryptocurrency exchanges from their inception and continue to do so.

For the Enigma Project hack, the attackers used the following Ethereum address, currently holding 1,487.9 Ethereum, which is just over $ 475,000 at today's exchange rate.

It also means that funds are never in control of the company, removing the third - party risk of the exchange running off with money or being hacked.

Besides bitcoin, the exchange also facilitated the trade of a basket of altcoins but has not revealed whether their altcoin wallets were affected by the hack.

However, history has shown that attacks are unpredictable and even reputable exchanges are vulnerable to hacking.

One of the largest exchanges in the world, Bitfinex, has been hacked numerous times and provides little transparency about where it is keeping its money.

After Japan's second largest cryptocurrency exchange, Coincheck, was hacked, the Japanese government began to place even more emphasis on security measures for the cryptocurrency market.

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.

Leaving your LTC on an exchange is incredibly risky, especially given the sheer volume of cryptocurrency stolen from cryptocurrency exchange hacks to date.

The much - touted privacy is turning into a liability as the exchanges that facilitate the use of Bitcoin have been repeatedly hacked and hundreds of millions of dollars worth of bitcoin have been stolen.

Cryptocurrency exchange Coinsecure has suffered a hack leading to a loss of 438.318 bitcoins worth Rs 19 crore ($ 2.9 million),...

But Japan has chosen to seize the opportunity and regulate exchanges, setting up a licensing system last year, although experts say such measures are no guarantee against hacking and cybercrime.

Five other exchanges, including Coincheck, targeted in the massive hacking, were ordered to improve their operations.