What do you think about North Korean hackers
targeting Bitcoin exchanges?
One of the more notable black hats in this regard is Kim Jong - un and North Korea, who security experts say are
targeting Bitcoin exchanges due to the digital currency's increased demand.
Facebook bans monetization of hate, porn, drugs and violence on its platform, some shake - ups happen at Baidu and WhatsApp, and North Korea is allegedly
targeting bitcoin exchanges.
Hackers
targeting bitcoin exchanges is nothing new.
The decision was brought about by transaction malleability issues, which indirectly led to a massive DDoS attack
targeting bitcoin exchanges on Monday.
In a denial of service attack, an attacker bombards a Bitcoin Exchange with a large quantity of external requests, thus precluding
the targeted Bitcoin Exchange from processing requests from genuine users.
IRS
Targets Bitcoin Exchange Discretion is one of the core appeals of Bitcoin and other blockchain currencies, but that freedom is coming under attack by government forces such as the Internal Revenue Service (IRS).
The routine of North Korean hackers trying to
target Bitcoin exchanges is likely to only increase.
The reports of a travel ban on Chinese bitcoin exchange executives have surfaced following announcements confirming that the Chinese government will extend its cryptocurrency crackdown to
target all bitcoin exchanges operating in China.
Not exact matches
As the
exchange rate of
Bitcoin is significantly higher today, many early adopters of
Bitcoin may have experienced an unexpected increase in wealth, making them attractive
targets for fraudsters as well as promoters of high - risk investment opportunities.
Several factors contributed to the drop, including a fresh warning from the SEC
targeting digital currency
exchanges and the unloading of $ 400 million worth of
bitcoin by a renowned Tokyo whale.
According to X-Force research, attackers
target applications that facilitate coin
exchanges, including applications for
bitcoin, Bitcoin Cash, Ethereum, Litecoin, Monero and other digital
bitcoin,
Bitcoin Cash, Ethereum, Litecoin, Monero and other digital
Bitcoin Cash, Ethereum, Litecoin, Monero and other digital assets.
New
bitcoin exchanges don't tend to get much fanfare these days in the mainstream media, however, the launch of BTXCapital, a trading platform
targeting the Iranian market, bucked this trend.
The report shows that cryptocurrency operators and
Bitcoin exchanges are favorite
targets of...
Regulators in India have repeatedly
targeted cryptocurrency
exchanges and commented that
bitcoin and digital currencies are not «legal tender.»
This result is potentially encouraging as hot wallet vulnerabilities have been a persistent issue among major
bitcoin exchanges this year, with defunct Japan - based
bitcoin exchange Mt. Gox providing perhaps the most noteworthy example of how connected wallets can be
targeted by hackers.
Paybis offers the ability to
exchange fiat for BTC through credit card, buy
bitcoin with Advanced Cash, PayPal, PerfectMoney, Payeer, Payza, BTC - e, WebMoney, Yandex.Money, OKpay, Epay, SEPA Bank Transfer, Bank Wire, Amazon Gift Card, Walmart Gift Card,
Target Gift Card, MoneyGram, Western Union, and Cash locally within Riga.
Also read:
Bitcoin Criminals
Target Australian Financial Sector Guaranteeing Total Anonymity While
Exchanging Bitcoin It
It's possible that accounts from that hack are being
targeted on
Bitcoin exchanges now.
The volume of the malformed transactions forced the
targeted exchanges to spend most of their time recalculating fund balances to match the official
Bitcoin blockchain, and while the integrity of the official ledger wasn't compromised, the sites were forced to cease processing withdrawal requests until they could get a handle on things, which left many users fuming.
Bitcoin endures week from hell as
exchanges hit by DDOS attacks
targeting «transaction malleability,» leading to suspension of withdrawals.
Several factors contributed to the drop, including a fresh warning from the SEC
targeting digital currency
exchanges and the unloading of $ 400 million worth of
bitcoin by a renowned Tokyo whale.
«The big
exchanges that hold customer deposits are a big
target for hackers,» said ShapeShift's Voorhees, «and unfortunately most
bitcoin exchanges store user funds.»
The report shows that cryptocurrency operators and
Bitcoin exchanges are favorite
targets of distributed denial of service (DDoS) attacks.
The
target receives a message from a purported Nigerian prince and is asked to wire local fiat currency in
exchange for
bitcoin.
As per the latest reports published by the National Police Agency of the Republic of Korea (South Korea), it has been confirmed that hacker from other side of the border have been
targeting the local South Korean
Bitcoin Exchanges with multiple attempts to steal the cryptocurrency.
Other
targets of the country have included
bitcoin exchanges in South Korea.
With the pressure from sanctions and the price growth in cryptocurrencies like
Bitcoin and Ethereum — these
exchanges likely present an attractive
target.»
Bitcoin exchanges have a history of being targeted, especially in a bullish crypto market where bitcoin and altcoins are gaining more tr
Bitcoin exchanges have a history of being
targeted, especially in a bullish crypto market where
bitcoin and altcoins are gaining more tr
bitcoin and altcoins are gaining more traction.
The privacy advice and security website, Comparitech, showed that there is a phishing scam that is now
targeting bitcoin and scamming it from
bitcoin users who are new to the cryptocurrency.On top of this and if all of this wasn't enough, South Korea's
bitcoin exchange was successfully
targeted and hit by what some think were North Korean hackers.
It should come as no surprise in the
Bitcoin - sphere that accounts on
Bitcoin exchanges are being
targeted by hackers.
«As more money goes into cryptocurrency
exchanges and more people buy
bitcoin and ethereum,
exchanges become larger
targets for this group,» said McNamara.
The spike of interest enjoyed by
bitcoin and other cryptocurrencies based on blockchain technology attracted a huge number of new investors, and that influx of cash has made cryptocurrency
exchanges an appealing
target for hackers.
The National Police Agency of South Korea claims that their unfriendly neighbor may be specifically
targeting domestic
bitcoin exchanges.
News.
Bitcoin.com Veteran Japanese cryptocurrency
exchange Btcbox has announced that it will be establishing a subsidiary to
target the Hong Kong
bitcoin markets.
Given that GMO Group's
exchange targets high profile investors and institutional investors, DMM
Bitcoin will directly compete against the GMO cryptocurrency
exchange.
The Internal Revenue Service (IRS) has also begun to cast its eye on
Bitcoin's financial potential — as of 2014, cryptocurrency is treated like property under US tax laws — and thousands of customers who did not report profits made from
Bitcoin currency
exchange are now being
targeted for tax collection.
Dumbfoundingly, FluffyPony's statement became a reality in Kiev, Ukraine, as Lerner became a direct
target of an armed gang with a pre-established plan of extorting ransom in
Bitcoin from the
exchange operator.
The European Council and European Parliament agreed on Friday to impose stricter rules
targeting exchange platforms for
bitcoin and other cryptocurrencies to prevent the financing of terrorism and money laundering.
While Exmo is a small
Bitcoin exchange with only 94,000 active investors and a $ 125 mln daily trading volume, less than one percent of leading
exchanges like Bithumb, Coinbase's GDAX and Bitfinex, both the company and Ukrainian authorities believe that Lerner became a
target of the armed gang because of his involvement in a
Bitcoin venture.
With smaller
Bitcoin exchanges, their history and reputation is generally not as well known, and they also make less attractive
targets for
Bitcoin hackers.
While Square is
targeting a head start in the
bitcoin exchange business, more services are expected to crop up making it even easier to buy and sell other cryptocurrencies.
Hackers from North Korea have long been active in seeking to cause mischief, and their current
targets are a number of
Bitcoin exchanges in South Korea.
A report from FireEye states that hackers from North Korea (who are extremely likely to be agents of that rogue state) have
targeted the personal email accounts of those working at various
Bitcoin exchanges in South Korea using tax - themed lures and deploying malware.
«While
Bitcoin and cryptocurrency
exchanges may seem like odd
targets for nation - state actors interested in funding state coffers, some of the other illicit endeavors North Korea pursues further demonstrate an interest in conducting financial crime on the regime's behalf.
«The
target benchmark's value will be calculated as the last sale price published by the CME or the CBOE or any other US
exchange that subsequently trades
bitcoin futures contracts on or before 11 a.m. E.T.»
Notably, the news comes during a relative flurry of activity for US - based
bitcoin exchanges that are
targeting institutional investors and businesses.
The fact that
bitcoin exchanges hold so much
bitcoin as one, centralized entity makes them an obvious
target for hackers.
Cryptocurrency
exchanges have been a frequent
target of hackers and victim of outages amid a trend of light regulation among these platforms and last year's skyrocketing prices among the digital coins that trade, notably
bitcoin.
Given that the adoption of
Bitcoin as a store of value and a medium of
exchange within the global finance market is increasing exponentially, $ 60,000 remains as a viable mid-term price
target.