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John Kiff

Singapore-Based Crypto Exchange DragonEx Has Been Hacked - CoinDesk - 0 views

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    "Singapore-based exchange DragonEx says it has been hacked for an undisclosed amount in a number of cryptocurrencies."
John Kiff

Cryptocurrency platforms DragonEx and CoinBene disclose hacks | ZDNet - 0 views

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    Two cryptocurrency exchange portals, DragonEx and CoinBene, have disclosed hacks this week and have both gone into maintenance mode to investigate and improve their infrastructure. DragonEx is believed to have lost over $1 million worth of cryptocurrency, while CoinBebe's losses are estimated at over $45 million, according to industry observers
John Kiff

QuadrigaCX Crypto Scandal Would Never Happen Here: Bermuda's Leader - 0 views

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    What happened with Canadian crypto exchange QuadrigaCX would not have happened if it had been licensed under the Bermuda Monetary Authority, because it has rules regarding the custody of master keys and making sure they're not held by a particular individual.
John Kiff

QuadrigaCX Crypto Exchange Could Soon Be Placed in Bankruptcy - CoinDesk - 0 views

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    "Ernst and Young (EY), the court-appointed monitor for collapsed Canadian crypto exchange QuadrigaCX, has proposed transitioning the company from a restructuring process to bankruptcy proceedings."
John Kiff

Fed preps draft white paper on cyber risk - Risk.net - 0 views

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    "The US Federal Reserve has launched a project to find a common way of classifying and modelling cyber risk, amid continued fears over banks' collective readiness to meet the existential threat it poses to the financial system."
John Kiff

Privacy 'poisoning' poses threat to companies using blockchain - 0 views

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    A "privacy "poisoning" the cyber attack involves loading private data, such as names, addresses and credit card numbers, or illegal material, such as child pornography, into a blockchain, therefore putting the network in conflict with local laws, making the affected chain and its data useless.
John Kiff

World Economic Forum: Three things you need to know about securing a blockchain - 0 views

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    Blockchain technologies are revolutionary in many ways, but the simple fact that blockchain is different need not require a wholly new security paradigm.
John Kiff

What Happened When The DEA Demanded Passwords From LastPass - 0 views

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    The US Drug Enforcement Administration demanded a suspected drug dealer's passwords from LastPass (an encrypted vault for storing passwords). LastPass told them to take a hike although it did hand over IP addresses used by the suspect and information about the account's creation and usage.
John Kiff

The Blockchain Bandit - Ethercombing: Finding Secrets in Popular Places - 0 views

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    Someone is stealing millions of dollars worth of Ethereum by guessing users' private keys. Normally this should be impossible, but lots of keys seem to be very weak. Researchers are unsure how those weak keys are being generated and used.
John Kiff

Binance CEO Addresses Concerns Live After $40 Mln BTC Hack, Rejects Blockchain Reorg Idea - 0 views

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    Binance decided against responding to the hack with a rollback: i.e. aiming to incentivize miners to form a consensus to wield 51% of the network's hashing power to reorganize the blockchain's transactions after the loss.
John Kiff

Bitfinex's Private Token Sale Raised $1 Billion in 10 Days, Exec Says - 0 views

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    "Bitfinex was able to raise $1B in 10 days, in a private sale. Private companies made investments for > $100M each, and a legion of inside and outside users made investments for > $1M each."
John Kiff

Hackers Steal 7,000 Bitcoin Worth $40 Million From Binance - 0 views

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    Binance, one of the world's largest cryptocurrency exchanges, said hackers withdrew 7,000 Bitcoins worth about $40 million via a single transaction in a "large scale security breach," the latest in a long line of thefts in the digital currency space.
John Kiff

Six hackers charged over SIM swapping attacks - 0 views

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    Six individuals from 'The Community' hacking group have been charged with stealing over $2.4 million in cryptocurrency using the SIM swapping method.
John Kiff

Inflation Bug Still a Danger to More Than Half of All Bitcoin Full Nodes - 0 views

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    More than half of the full nodes in the bitcoin network are still running client software vulnerable to an inflation bug that could allow miners to inflate the total bitcoin supply beyond the 21 million BTC.
John Kiff

Hackers Are Shuffling Binance's Stolen Bitcoin - 0 views

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    The Binance hackers are moving their stolen BTC into smaller and smaller wallets in an effort to hide their tracks.
John Kiff

New report makes case for greater regulatory oversight of crypto asset sector - 0 views

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    CipherTrace found that losses due to cryptocurrency thefts, scams and fraud tally more than $1.2 billion in A1 2019. This includes $356 million stolen from exchanges and the loss of $850 million by major exchange Bitfinex
John Kiff

Wave of SIM swapping attacks hit US cryptocurrency users - 0 views

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    SIM swapping, also known as SIM jacking, is a type of ATO (account take over) attack during which a malicious threat actor uses various techniques (usually social engineering) to transfers a victim's phone number to their own SIM card.
John Kiff

Hackers Infect 50,000 Servers With Sophisticated Crypto Mining Malware - 0 views

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    Hackers have breached over 50,000 servers across the world to mine cryptocurrency using unusually sophisticated tools, according to Guardicore Labs. The large-scale "Nansh0u​ campaign" malware effort has been ongoing since February, mostly targeting firms in the healthcare, telecoms, media and IT sectors.
John Kiff

Google: Here's what caused Sunday's big outage - 0 views

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    The root cause of last Sunday's Google outage was a configuration change for a small group of servers in one region being wrongly applied to a larger number of servers across several neighboring regions.
John Kiff

Desjardins, Canada's largest credit union, announces security breach - 0 views

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    Canada's largest credit union and one of the world's biggest banks, announced a security breach caused by a former employee. The bank said a bank employee had taken the data of 2.7 million home users and 173,000 businesses and associated contacts from its database, without authorization.
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