By CCN Markets: Japanese crypto exchange Coincheck was dealt a significant blow in January 2018, losing $ 530 million worth of New Economy Movement (NEM) tokens to an unknown group of hackers. It is widely believed that North Korean hackers were behind the biggest crypto exchange theft ever. But Japanese newspaper Asahi Shimbun reports that Russian hackers were the ones who orchestrated the attack. Russian breadcrumbs in the Coincheck crypto exchange hack The Japanese newspaper says that the examination of a Coincheck employee’s personal computer revealed a malware associated with Russian hackers. The hack was a result of the crypto exchange’s
A number of Bitcoin Cash detractors and media publications have recently been spreading a false narrative that the BCH network was ‘51% attacked.’ In reality, however, honest nodes used their hashrate to stave off attacker nodes that were attempting to steal funds on the network.
By CCN.com: Suspects in the “Big Bitcoin Heist” of 2018 have been sentenced to various prison terms based on their level of involvement in the much-publicised theft of more than three-quarters of a million dollars worth of crypto mining equipment. Crypto Mining Thieves Jailed in Iceland Ringleader Sindri Stefanson bagged the longest sentence with a
The post ‘Big Bitcoin Heist’ Ringleader Jailed for Massive Crypto Mining Rig Theft appeared first on CCN
Embattled crypto exchange Coincheck has announced the resumption of trading pairs for XRP and FCT tokens effective Monday, November 26. In a statement on its website signed by company President Toshihiko Katsuya, it was revealed that starting from Monday, deposits and sales of the two cryptocurrencies will be partially restored alongside a few ancillary services.
The post Coincheck Resumes XRP Trading, 10 months On From Infamous $ 530 Million Theft appeared first on CCN
Chinese mining giant Bitmain is suing an anonymous hacker that allegedly stole $ 5.5 million in cryptocurrency last April from the company’s account on the digital exchange Binance.
The hacker’s identity is still unknown, and he’s described only as “John Doe” in official court documents, which were filed in accordance with the lawsuit on November 7, 2018, with the U.S. District Court for the Western District of Washington in Seattle. The documents state that the hacker managed to take over the company’s Binance account, then use bitcoin stored in the account to purchase ether tokens. These tokens were utilized to buy and manipulate the price of an altcoin known as MANA coin (MANA).
The cybercrime unit of the Turkish police has detained 11 people suspected of hacking into emails, user accounts and cryptocurrency wallets. The operation was launched after law enforcement received a number of complaints from victims who lost digital cash.
Hackers Steal $ 80,000 Worth of Cryptocurrency
According to Turkish media, 14 people have informed authorities about their compromised cryptocurrency wallets. The coins have been transferred to other wallets and subsequently sold for fiat. Investigators discovered the hackers had stolen “bitcoins worth 437,000 Turkish lira” (over $ 80,000), the Daily Sabah reported.
A gang of Call of Duty players is suspected of masterminding a plan to steal more than $ 3 million in cryptocurrency. Citing unsealed court documents, the Chicago Sun-Times reports that the group — which includes a Dolton, IL man and a man from Bloomington, IL — is alleged to have hacked into cryptocurrency wallets after
The post Call of Duty Players Linked to $ 3 million Cryptocurrency Theft appeared first on CCN
Tech Bureau, operator of Japanese cryptocurrency exchange Zaif, is yet to reveal a compensation strategy for customers who suffered losses from an infamous $ 60 million theft three weeks ago. Osaka-based Tech Bureau has already halted new user registrations to focus on reimbursing customers who collectively lost ¥4.5 billion ($ 40 million) from the ¥6.7 billion ($ 60
The post Zaif Delays Customer Compensation Plan after $ 60 Million Crypto Theft appeared first on CCN
How can I steal thee? Let me count the ways.
The recent theft of more than one billion Crowd Machine (CMCT) tokens is a real-time case study of whether or not law enforcement in multiple jurisdictions can coordinate with exchanges and other crypto firms to prosecute and convict sophisticated criminals who steal difficult-to-track cryptocurrencies.
On Sept. 22, CMCT’s price dropped 84% to $ 0.0021 when investors learned that a large number of tokens had been stolen and sent to various exchanges including IDEX and Bittrex.
Oklahoma police have arrested two men who reportedly stole millions of dollars from a California-based cryptocurrency company, local media reported. Fletcher Robert Childers, 23, and Joseph Harris, 21, of Missouri, were arrested on suspicion of grand theft, a first-degree felony, and identity theft, a Class C misdemeanor. If charged for both, the duo could receive
The post Oklahoma Duo Arrested for $ 14 Million Cryptocurrency Theft appeared first on CCN
Barely before the ink had dried on the news that Japanese cryptocurrency exchange Zaif had been hacked and slightly less than US$ 60 million stolen, the National Police Agency (NPA) of Japan has released a report highlighting the vulnerability of Japan’s crypto space. According to the NPA, the number of incidents involving the theft of funds
The post Japan Cryptocurrency Theft Cases Tripled in H1 2018, $ 530 Million Stolen: Police appeared first on CCN
In the second major hack of a Japanese cryptocurrency exchange this year, some 6.7 billion yen ($ 60 million) in cryptocurrencies were stolen from the wallets of Zaif of which 4.5 billion yen ($ 40 million) belonged to customers. Tech Bureau, operator of cryptocurrency exchange Zaif, confirmed the hack occurred between 1700 and 1900 local time on
The post Licensed Crypto Exchange Zaif Plans Compensation after 6,000 Bitcoins, $ 60 Million Crypto Theft appeared first on CCN
The growing incidence of bitcoin multi-level marketing (MLM) scams in countries like India is a two-pronged wake-up call. First, has a small town investor become more gullible than ever? Second, and more scary, is bitcoin – with all its complexity and novelty mixed with explosive growth – making it easy for vampires to confuse newborns?
Chinese police have reportedly arrested three suspected hacked alleged to have stolen bitcoins and other cryptocurrencies worth $ 87 million. According to a report in Xinhua, China’s state-owned press agency, police in the city of Xi’an in northern China first began investigating a complaint by a victim who alleged hackers had compromised his computer to steal
The post Chinese Police Arrest Hackers Behind $ 87 Million Cryptocurrency Theft appeared first on CCN
Mobile phone service providers AT&T have allegedly been sued a grand total of $ 240 million over a cryptocurrency theft that has seen one customer, Michael Terpin lose around $ 24 million worth of cryptocurrency at the hands of the mobile phone network provider. Terpin is best known as the CEO of Transform Group and is a notorious figure within cryptocurrency and the blockchain industry.
Terpin believes that the theft occurred as a result of a visit to an AT&T shop in Connecticut.
A bitcoin investor has sued telecommunications giant AT&T for $ 224 million after losing millions of dollars worth of cryptocurrency in a theft that he says is the cellular service provider’s fault. According to CNBC, California resident Michael Terpin has filed a 69-page complaint against AT&T in U.S. District Court in Los Angeles, in which he … Continued
The post Bitcoin Investor Sues AT&T for $ 224 Million after Mobile-Linked Theft appeared first on CCN
The alleged organizer of a string of computer thefts in Iceland has been arrested in Amsterdam after going on the run from an Icelandic prison. The computers in question were used for cryptocurrency mining operations.
Escaping from prison tends to conjure up images of blueprints tattooed on your body, or perhaps using a teaspoon to slowly tunnel through the ground and eventually crawl out to freedom. For Sindri Thor Stefansson, however, he just had to climb out of a window and walk away.
Indian cryptocurrency exchange Coinsecure has announced the theft of nearly $ 3.3 million in bitcoin.
Japan has decided to set up a new agency to better address cybercrime. The Tokyo-based center gathers 500 analysts and investigators who will also combat cryptocurrency theft. Over 3 million attempts to steal digital information have been registered last year. Hackers have stolen funds worth over 17 billion Japanese yen.
$ 6.3 Million Worth of Cryptocurrency Stolen Before Coincheck
The new law enforcement unit is expected to streamline efforts to combat cybercrime. The center will operate from Tokyo. Over 500 analysts and investigators from different branches of Japanese police and other security services will work at the new agency, Kyodo reported. Authorities hope to address the internet security issues in a more efficient way.