In the recent months, there have been a few large - scale hacker
attacks on cryptocurrency exchanges worldwide.
Just last week, they were accused by South Korea's spy agency as being behind
attacks on cryptocurrency exchanges this year, stealing about $ 6.99 million worth of cryptocurrencies.
reached out to Bisq developer Chris Beams for comments on government
attacks on cryptocurrency exchanges, likely attack vectors and the impact of decentralized exchanges.
According to Kaspersky Lab, compared to the second quarter, the number of DDoS
attacks on cryptocurrency exchanges has risen 15 %.
A report in Nikkei Asia on North Korea's cyber activities sheds light on the rash of
attacks on cryptocurrency exchanges in Asia, including the recent hack of Coincheck in Japan.
South Korea's spy agency said North Korean hackers were behind
attacks on cryptocurrency exchanges this year in which some 7.6 billion won ($ 6.99 million) worth of cryptocurrencies were stolen, a newspaper reported on Saturday.
Actors tied to the isolated nation have been involved in
attacks on cryptocurrency exchanges in South Korea, FireEye, a prominent cybersecurity firm, said in a report today.
According to KeepKey, while hacker
attacks on cryptocurrency exchanges and wallets are widespread, such an integration brings traders additional security.
Throughout the young history of the industry, millions of dollars have been lost due to numerous
attacks on cryptocurrency exchanges.
Last year's
attack on cryptocurrency exchange Bithumb resulted in roughly 8 billion won being stolen, along with the personal information of some 30,000 customers, as previously reported by CoinDesk.
Not exact matches
It relates that in light of
cryptocurrency price fluctuations, the
attack on the South Korean
exchange Youbit, and that platform's consequent decision to declare bankruptcy, «It is necessary... to be vigilant about virtual currency trading.»
We last saw this play out following the Paris
attacks which led to demands to further curtail anonymity
on European
cryptocurrency exchanges, despite no evidence that it was related to the event in any way.
On May 9, 2017, Berns Weiss LLP announced that it was investigating potential claims on behalf of cryptocurrency exchange users who may have incurred losses due to recent DDoS attacks on the Poloniex and Kraken sit
On May 9, 2017, Berns Weiss LLP announced that it was investigating potential claims
on behalf of cryptocurrency exchange users who may have incurred losses due to recent DDoS attacks on the Poloniex and Kraken sit
on behalf of
cryptocurrency exchange users who may have incurred losses due to recent DDoS
attacks on the Poloniex and Kraken sit
on the Poloniex and Kraken site.
Los Angeles, CA,
On May 17, 2017 — Berns Weiss LLP announced that it was seeking further information about losses being reimbursed by
cryptocurrency exchanges to its users who may have incurred losses due to recent DDoS
attacks.
Los Angeles, CA, May 9, 2017 — Berns Weiss LLP announces that is investigating potential claims
on behalf of
cryptocurrency exchange users who may have incurred losses due to recent DDoS
attacks.
South Korea's spy agency beileves a recent run of hacking
attacks on domestic
cryptocurrency exchanges is linked to North Korea.
Reports said that the North has launched several cyber
attacks on South Korean
cryptocurrency exchanges, starting in May this year.
In the wake of the
attack, Japanese regulators announced they would conduct
on - site expectations at unlicensed
cryptocurrency exchanges.
Several Japanese
cryptocurrency exchanges have joined forces to form a self - regulatory body in an effort to better protect investors following last month's
attack on Coincheck, which resulted in the loss of hundreds of millions of dollars.
2017 saw significant hack
attacks on financial institutions, the banking sector, and even the
cryptocurrency exchanges.
No sooner had the price of bitcoin started to soar in November than DDoS
attacks started hammering
on the bitcoin
exchange Bitfinex and the new Bitcoin Gold (BTG)
cryptocurrency site in attempts to profit from bitcoin price fluctuations caused by the denial of service.
One U.S. senator thinks the Trump administration isn't doing enough to deter North Korean
attacks on cryptocurrency users and
exchanges.
Los Angeles, CA, May 9, 2017 — Berns Weiss LLP announces that is investigating potential claims
on behalf of
cryptocurrency exchange users who may have incurred losses due to recent DDoS
attacks.
Because of their reliance
on a single point of failure, centralized
cryptocurrency exchanges and wallet platforms are vulnerable to hacking
attacks.
«We've seen DDoS
attacks against them; we've seen different groups targeting
cryptocurrency exchanges trying to steal the currencies they hold; trying to garner information
on how they operate, particularly how they operate their KYC processes for anti-money laundering; we also see them try and understand who are the insiders, who are the people that might work there to conduct other crimes,» he explained.
2017 saw significant hack
attacks on financial institutions, the banking sector, and even the
cryptocurrency exchanges.
Crypto assets are in a broad consolidation phase following China's regulatory
attack on initial coin offerings (ICOs) and
cryptocurrency exchanges.
South Korea's spy agency beileves a recent run of hacking
attacks on domestic
cryptocurrency exchanges is linked to North Korea.
CoinDesk South Korea's spy agency beileves a recent run of hacking
attacks on domestic
cryptocurrency exchanges is linked to North Korea.
North Korea is believed to have a large stake in
cryptocurrencies and its state - sponsored hackers are often blamed for
attacks on exchanges and spreading ransomware that seeks payment through digital cash.
North Korea shows no signs of letting up
on its cyber war against South Korea with state - sponsored
attacks against users of
cryptocurrencies and
exchanges that also are taking aim at new targets — college students, research released Tuesday by Recorded Future found.
The Binance
cryptocurrency exchange temporarily halted trading and withdrawals
on Thursday, but assured investors that the shutdown was routine and not related to any
attack.
The past few months have seen three major
attacks on South Korea's leading
cryptocurrency exchanges by suspected Kim's cyber army.
Last year hackers from the notorious Lazarus Group, believed to be linked to the communist state, were implicated in
attacks on South Korean
cryptocurrency exchanges.
Cyber
attacks on cryptocurrencies, startups, wallets, and
exchanges are well - known possibilities.
Several Japanese
cryptocurrency exchanges have joined forces to form a self - regulatory body in an effort to better protect investors following last month's
attack on Coincheck, which resulted in the loss of hundreds of millions of dollars.
In the wake of the
attack, Japanese regulators announced they would conduct
on - site expectations at unlicensed
cryptocurrency exchanges.
The sudden drop of bitcoin mining difficulty from 213.5 to 201.9 billion happened
on 2 August and went almost unnoticed because
on the same day Bitfinex, the third most popular
cryptocurrency exchange, suspended its services after a hacker
attack.
Hackers from the notorious Lazarus Group were implicated in the 2017
attacks on South Korean
cryptocurrency exchanges, Korean media reported in mid-January.