Sentences with phrase «exchange hacks in»

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.

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.

There have been numerous exchange hacks in the lifetime of Bitcoin with the most famous one being Tokyo based

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.

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.

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 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.

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.

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.

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.

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.

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.

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.

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.

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.

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

The sales seem to have further shaken a market already in a downward trend following regulatory crackdowns, hacked exchanges, and fraud.

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.

The Financial Services Agency (FSA) have recently developed new strategies and requirements for cryptocurrency exchanges to follow, in the wake of the devastating Coincheck hack in January, evidence that the government are keen to facilitate cryptocurrency activity within its borders but are equally keen to ensure that trading remains above board, legal and safe.

The exchange is currently attempting to refund investors the majority of the funds stolen in the hack, and also faces several lawsuits over the heist.

In January, the Japanese cryptocurrency exchange Coincheck was hacked in what has been described as the biggest digital currency theft in history, affecting 260,000 customerIn January, the Japanese cryptocurrency exchange Coincheck was hacked in what has been described as the biggest digital currency theft in history, affecting 260,000 customerin what has been described as the biggest digital currency theft in history, affecting 260,000 customerin history, affecting 260,000 customers.

However, the recent 30 % dump in the price of BTC in just 2 days, after Hong Kong BTC exchange Bitfinex was hacked and nearly 120,000 BTCs were stolen, deftly illustrates that there is no substitute for physical gold and physical silver.

There's a lot of concerns, even in Japan, because one of their biggest exchanges got hacked into and has now been bought out by another company in an effort to bring that back to an even keel.

There have been hacks of widespread exchanges, essentially the most well - known in all probability being Mt. Gox, however this nonetheless doesn't expose any weak point within the decentralization mannequin.

Wall Street boasts of 3,000 vendors and over 400,000 customers who visit the marketplace who purchase recreational substances, banking accounts, and hacking software in exchange for bitcoin and monero.

It is unlucky for CoinCheck to get hacked so shortly after getting a digital exchange license by Japan's FSA in September 2017.

Concerns are swirling around even legitimate digital currency platforms, after Coincheck — one of Japan's biggest exchanges — lost some $ 530 million in an apparent hack last week.

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.

There have been numerous examples of exchanges being hacked, with the hacking of the Mt Gox exchange in 2013 being one of the most prominent examples.

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.

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.

[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.

With hacks of exchanges and wallets common in the cryptocurrency world, investors have gravitated to Exmo for its security.

Tokyo - based Coincheck, which was the target of the biggest hack in January that resulted in the loss of $ 530 million worth of NEM, had handled all three digital currencies before the exchange was hacked.

Around $ 6.2 million - worth of cryptocurrency was hacked from exchange accounts and wallet services in 2017, Japan's National Police Agency says.