When it comes to vulnerabilities that can affect cryptocurrency users, most think
about exchange hacks, malware infections and wallet vulnerabilities.
Not exact matches
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.
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.
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.
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.
[16] Less than one year after the collapse of Mt. Gox, United Kingdom - based
exchange Bitstamp announced that their
exchange would be taken offline while they investigate a
hack which resulted in
about 19,000 bitcoins (equivalent to roughly US$ 5 million at that time) being stolen from their hot wallet.
Some people are skeptical
about the security of cryptocurrencies due to the fact that mainstream media will report on
hacks that happen to cryptocurrency
exchanges.
The security of blockchain technology should not be confused with news
about hacks, such as those carried out on cryptocurrency
exchanges.
Last week we reported
about the EtherDelta DNS
hack that saw attackers compromise the DNS servers of the
exchange and take users to a malicious server.
Here we
exchange news
about creative success & accomplishments placing the results of the following work: translations, mod
hacks, utilities, documentation, reviews, etc..
The most recent issue includes an ad featuring an email
exchange and blog post
about a contraception «
hack» for those who are unable to get ahold of the morning after pill, while another is just a blank page with «Sabbatical 2015 - 2016» printed in the top left corner of the page.
This very «anti-social network,» as The Age calls it, was run on a website called GhostMarket.net, and allowed as many as 8,000 members to
exchange details
about thousands of stolen credit cards and
hacked bank accounts.
The emails that leaked after the Sony
hack included some from former Sony Pictures Entertainment CEO and chairman Michael Lynton, who was also a board member of Snap at the time, and who had
exchanged emails with a Snap executive
about the company's acquisitions and product road map.
With dozens of stories coming out in recent weeks
about exchanges getting
hacked or losing user funds, many are looking for another place to trade their coins.
In Japan, a large virtual currency
exchange, Coincheck, was
hacked in late January and lost nearly $ 500 million worth of a virtual currency known as NEM, raising questions
about the relatively untested security practices of virtual currency
exchanges.
That means there are no fears
about the
exchanges being
hacked or shut down.
Bitcoin prices have recovered following the Bitfinex
hack earlier this week, but worries are beginning to grow
about the future of the
exchange.
BTC - e didn't make it clear on why the
hacking attempts on the
exchange have increased recently, however, there was a report on reddit just a few weeks ago
about how a two year old
hack on the popular BitcoinTalk forum has just been published on the haveibeenpwned security website.
As of now, the South Korean government remains secretive
about the whereabouts of the
hacked exchanges.
BitGrail, the Italy - based cryptocurrency
exchange that experienced a theft of 17 million NANO (XRB)--
about $ 153 million at current
exchange rates, has posted an update today regarding the
hack.
Negative reports
about Bitcoin and other cryptocurrencies are virtually everywhere, from
hacks crypto
exchanges to sudden price drops.
Tuesday's breach triggered a slump in bitcoin prices and was reminiscent of events that led to the 2014 collapse of Tokyo - based
exchange Mt Gox, which said it had lost
about $ 500 million worth of customers» Bitcoins in a
hacking attack.
Bitfinex is a Hong Kong - based cryptocurrency
exchange that has been
hacked multiple times.9 Most recently,
about 400 days ago, $ 65 million dollars» worth of bitcoins were stolen.
We have heard a lot
about cryptocurrency
exchanges being
hacked and Bitcoin / Ethereum being stolen.
Because as good as
exchanges are, they are young and unregulated, and even today we still hear
about internal theft and external
hacks.
The Tokyo - based cryptocurrency
exchange Coincheck is reportedly «considering a capital tie - up to strengthen its financial base and regain trust following a massive cryptocurrency theft from the
exchange in a
hacking incident
about a month ago,» Jiji Press reported, citing an informed source.
With its withdrawal problems and fears
about its safety (thanks to the 2014
hacking), Poloniex is often compared to the other popular
exchanges.
When asked
about the security of cryptocurrencies, Herjavic doesn't think that crypto
exchanges themselves are «prone to great security,» referencing the
hack of over $ 500 mln in NEM from the Japanese - based crypto
exchange Coincheck last month, but that cryptocurrency transactions are secure.
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.
Coincheck's plan for reimbursements comes amid a wider effort by the FSA to more closely scrutinize cryptocurrency
exchanges in Japan to bring
about improved services and security following the
hack.
Cointelegraph.com writes: «Bithumb, which is the largest
exchange globally at $ 2.85 [billion] daily trading volume as of press time, was
hacked in February 2017, losing
about $ 7 [million] in mostly Bitcoin and Ether.
Everybody in crypto world heard
about these horrid stories of cryptocurrency
exchanges being
hacked and people losing money.
With dozens of stories coming out in recent weeks
about exchanges getting
hacked or losing user funds, many are looking for another place...
, I've also worried
about the large number of reports we've had in recent months and years of Bitcoin
exchanges (the online sites that handily keep hold of your wallets) being
hacked or simply folding... (continued)
The FSA has stated that it had warned the
exchange about its security loopholes before the
hack, which also explained why Coincheck has yet to obtain a formal approval from the agency.
Two days after Coincheck was
hacked, and digital currency NEM worth
about $ 530 million was stolen, the Tokyo - based cryptocurrency
exchange announced a reparation policy Saturday, which involved paying back all customers affected by the
hack.
Another recent news report says that at least $ 7 million in digital money was stolen as North Korea
hacked the cryptocurrency
exchange in South Korea, together with the personal information of
about 30,000 people.
Last week we reported
about the EtherDelta DNS
hack that saw attackers compromise the DNS servers of the
exchange and take users to a malicious server.
But for those who don't know
about the Mt. Gox case, was the
exchange was
hacked in 2014 with the majority of bitcoins were
hacked and in the company had announced the
hack of 850,000 bitcoins.
Featured Mt. Gox Mark Karpeles» release on bail has produced a new radio program examining the historic
hack and heist, but is also raising questions
about sister
exchanges such as BTC - e and their role...
The new information
about ongoing
hacking attacks on South Korean crypto
exchanges, reportedly sponsored by the North, comes days before the official start of Pyeongchang 2018 (9 — 25 February).
Other news of the possibly successful
hacking of a Hong Kong - based
exchange alongside a statement issued by the U.S. Securities and Exchange Commission (SEC) about proactively extending its regulatory authority to cryptocurrency exchanges have also dampened
exchange alongside a statement issued by the U.S. Securities and
Exchange Commission (SEC) about proactively extending its regulatory authority to cryptocurrency exchanges have also dampened
Exchange Commission (SEC)
about proactively extending its regulatory authority to cryptocurrency
exchanges have also dampened spirits.
During a press conference following the suspension of activity, CoinCheck executives revealed several details
about the
hack and specifically the infrastructure of the Coincheck cryptocurrency
exchange.
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.