Coincheck, the cryptocurrency
exchange hacked on January the 26th announced that it will refund the investors that lost their NEM.
Not exact matches
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
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.
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.
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 $ 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.
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.
Leaving your LTC
on an
exchange is incredibly risky, especially given the sheer volume of cryptocurrency stolen from cryptocurrency
exchange hacks to date.
OKEx, a Bitcoin
exchange based in China, issued a statement over the weekend, denying it was
hacked and blaming recent thefts
on careless users who didn't secure their accounts.
The Japanese government is slapping penalties
on several cryptocurrency
exchanges in the country, after 58 billion yen ($ 530 million) of virtual coins were lost earlier this year from
hacking.
South Korea's spy agency beileves a recent run of
hacking attacks
on domestic cryptocurrency
exchanges is linked to North Korea.
On Feb. 24, 2014, the
exchange went offline, and a document was leaked that outlined a years - long $ 450 million (Approx. 850,000 coins)
hack of bitcoins that went completely undetected.
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.
Capital flowed back into bitcoin
on Tuesday amid reports that a major Japanese
exchange was planning to make a bid for Coincheck, the Tokyo - based crypto platform that was recently
hacked.
This additional proves that centralized
exchanges are susceptible to
hacks and if exploited can have an effect
on 1000's, if not tens of millions of individuals.
This message was brought home clearly earlier this year in Asia when
on February 6, the South Korean Intelligence Agency reported to the Parliamentary Intelligence Committee that it deemed North Korea responsible for the
hacking of the Japanese Bitcoin
exchange centre.
The statement highlighted the security and privacy issues surrounding centralised
exchanges, which conduct billions of trades per day, collecting personal user data and storing most of their users» funds
on their servers, which are vulnerable to
hacks.
The document also requests information
on each
exchange's risk management mechanisms and its level of internal control to combat market manipulation and
hacking attempts.
Prices of major cryptocurrencies tumbled more than 9 percent Wednesday
on a new round of regulatory crackdowns in the U.S. and Japan and rumors that popular cryptocurrency
exchange Binance has been
hacked.
Security breaches and
hacks on exchanges and wallets are becoming too common.
Inchain's platform will insure investors» assets stored
on an
exchange or wallet which will reduce risks in the event of
hack.
Bitcoin prices are in freefall Wednesday
on speculation that major crypto
exchange Binance has been
hacked.
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.
Similarly to normal
hacks, the underlying vulnerability allowing for
hacks on exchanges stem from centralisation.
On the one hand
exchanges often have better security than your day - to - day desktop so the
exchanges would probably be harder to
hack than your own wallet.
The company has been carefully considering the timing of its
exchange's full launch based
on the
hack of Coincheck and the subsequent change in the business environment.
In the past, we have experienced massive
hacks on cryptocurrency
exchanges, with the most recent being
2017 saw significant
hack attacks
on financial institutions, the banking sector, and even the cryptocurrency
exchanges.
The head of Binance has officially denied rumors that the
exchange was
hacked on Wednesday, claiming that «irregular trades» have now been fixed.
Nassau police have found no evidence that County Executive Edward Mangano
exchanged sexually suggestive text messages with marketing executive Karin Murphy Caro nor that either of their phones was
hacked, investigators announced
on Thursday, Feb. 25, 2016.
ANEWDOMAIN - Sep 14 - Avid has planned a $ 200M IPO
on the London Stock
Exchange, which the recent Ashley Madison
hack supposedly waylaid.
With all the interest in alleged misdeeds of the Intergovernmental Panel
on Climate Change and
hacked email
exchanges among climate scientists, it is easy to lose track of the compelling strands of scientific evidence that have led almost all climate scientists to conclude that mankind is altering climate in potentially dangerous ways.
In Climategate,
hacked e-mail
exchanges between prominent climate scientists advising world leaders
on climate policy exposed the scientists behaving badly.
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.
According to Reuters: «Japan's financial regulator said
on Friday it had ordered all cryptocurrency
exchanges to submit a report
on their system risk management, following the
hacking of over half a billion dollars of digital money from Coincheck.»
The perpetrators will
hack the law firm's computer system in order to get information that could benefit a competitor or to purchase shares
on a stock
exchange to make a significant amount of money.
Bitcoin shed some of its recent gains today, dropping over 10 %
on the back of rumors that Binance, one of the world's largest crypto
exchanges by trading volumes, has been
hacked.
There has also been the incidence of
hacks on exchanges, the latest being the theft of roughly $ 532.9 million in digital money from Tokyo - based cryptocurrency
exchange Coincheck a few weeks ago.
In recent months, the FSA has been clamping down
on cryptocurrency
exchanges in Japan following the January
hack at Tokyo - based
exchange Coincheck, resulting in the theft of $ 530 million worth of NEM.
Japanese online brokerage firm Monex Group said
on Friday it would buy
hacked cryptocurrency
exchange Coincheck for $ 33.59 million.
Coincheck, the Tokyo - based cryptocurrency
exchange that has been struggling to get back
on its feet since it suffered a devastating
hack on January 26, 2018, has agreed to accept a takeover bid by Monex Group, a Japanese online...
1.3.0: - Added Clock position options
on the Status bar (Right, Center, Left, Hide)- Improved Torch response (it still takes a few delay to acquire a wake - lock and load the Camera modules)- Updated Email &
Exchange hack - Minor fixes
On the one hand
exchanges often have better security than your day - to - day desktop so the
exchanges would probably be harder to
hack than your own wallet.
Because of their reliance
on a single point of failure, centralized cryptocurrency
exchanges and wallet platforms are vulnerable to
hacking attacks.
The
exchange has been struggling to get back
on its feet after it suffered a massive
hack attack
on January 26, this year.
Following a notable
hack, Japanese regulators are moving to increase the frequency of
on - site cryptocurrency
exchange inspections.
Finally, Japan's demand for stronger security
on exchanges actually bodes well for Bitcoin, since it may help restore Japanese investors» faith in cryptos following the $ 530.0 - million Coincheck
hack.
The Binance
hack, SEC's new regulations for
exchanges, and penalties
on exchanges issued by the Japanese regulatory body have all jointly served to spark a widespread sell - off in crypto markets.