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The U.S. Department of Justice (DoJ) on Wednesday announced the arrest of Anatoly Legkodymov (aka Gandalf and Tolik), the cofounder of Hong Kong-registered cryptocurrency exchange Bitzlato, for allegedly processing $700 million in illicit funds. The 40-year-old Russian national, who was arrested in Miami, was charged in a U.S. federal court with “conducting a money transmitting […]
Cryptocurrency trading platform BitMart has disclosed a “large-scale security breach” that it blamed on a stolen private key, resulting in the theft of more than $150 million in various cryptocurrencies. The breach is said to have impacted two of its hot wallets on the Ethereum (ETH) blockchain and the Binance smart chain (BSC). The company […]
Malta-based cryptocurrency exchange Binance has become a victim of a ransom demand from a scammer who claimed to have hacked the KYC (Know Your Customer) data of thousands of its customers. The unknown attacker threatened the world’s largest cryptocurrency exchange by volume to release KYC information of 10,000 users if the company did not pay […]
These days, hackers are not after 15 minutes to a day of fame with their actions, they are fully motivated to earn a profit. They started with virus infections demanding for ransom payment to unlock the encrypted user files, then they are now exploring cryptocurrency as a new platform to target, in order to amass […]
Binance, one of the largest cryptocurrency exchanges in the world, confirmed today that the company lost nearly $41 million in Bitcoin in what appears to be its largest hack to date. In a statement, Binance’s CEO Changpeng Zhao said the company discovered a “large scale security breach” earlier on May 7, as a result of […]
Canadian cryptocurrency exchange QuadrigaCX is unable to access most of its funds and owes around $190 million to its customers after the death of its founder Gerald Cotten. According to a report by CoinDesk, a court filing suggests that crypto exchange owes $250 million CAD as most of the funds were kept in a cold […]
Worlds thirteenth largest cryptocurrency exchange Bittrex has decided to delist the Bitcoin Gold(BTG) from this blockchain after they Bitcoin Gold declined to pay 12,372 BTG. Bitcoin Gold is one the leading cryptocurrency with $374,203,766 USD market cap (50,768 BTC) and its holding rank 29. May 19th, Malicious hackers attempting a largest double-spend attack on Bittrex and few cryptocurrency exchanges and stolen the Bitcoin Gold, using rented power from […]
A cyber espionage APT group called Lazarus hits the cryptocurrency exchanges using fake installer and macOS malware using variously sophisticated techniques. Lazarus group widely known for cyber attacks against various financial institutions and they have successfully compromised several banks and other financial sectors. In this case attackers targeting various platform and developing malware based on […]
Bitfinex (the world’s biggest cryptocurrency exchange by volume) was forced to shut down its continuous operations after experiencing a distributed denial of service (DDoS) attacks on Tuesday, December 12th. DDoS attack is an attempt to make an online service unavailable by flooding it with traffic from various origins. While Bitcoin’s price goes higher and higher, […]