Latest Hack Sparks Concern Whatsapp Will Never Be Secure

Latest Hack Sparks Concern Whatsapp Will Never Be SecureFacebook’s popular messaging app with 1.5 billion users in over 180 countries has another major vulnerability. Hackers were able to covertly install spyware on iOS and Android smartphones using Whatsapp with just a phone call. “All of their security issues are conveniently suitable for surveillance, and look and work a lot like backdoors,” said Telegram’s […]

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Top 5 Cryptocurrency Exchange Hacks of 2019

TheMerkle LiteBit HackedAlbeit the year 2019 has been off to a good start price-wise, there have already been numerous incidents casting a dark shadow over this industry. The number of exchange hacks is quite worrisome already and it seems unlikely there won’t be further incidents. The following trading platforms have all noted a breach and loss of funds in one way or another. Cryptopia Lost Over 9% of its Holdings In the month of January, everything seemed fine and dandy for cryptocurrency enthusiasts. That situation changed for the worse one the Cryptopia exchange confirmed they had suffered from a major breach. Although

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Major Players Discuss BTC Rollback Following Exchange Hack

Major Players Discuss BTC Roll-Back Following Exchange HackThe idea of rolling back the clock on cryptocurrency transactions to reverse a situation people are unhappy with is highly contentious. As such, many were shocked to hear that a number of major players in the industry had even discussed a rollback of BTC following the Binance exchange hack. Also Read: Keys4coins Lets You Buy […]

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The Monappy and Monacoin Web Wallet Hacker is a Japanese Teenager

TheMerkle Hacking Sex RobotsIt appears a major breakthrough has occurred regarding one of the most recent cryptocurrency-related hacks. A Japanese teenager has been arrested for stealing over $1250,000 in cryptocurrency. During his attack, he exploited the Monappy social media network and the web-based Monacoin wallet in 2018. It is good to see this investigation yield results. Monacoin Hack Perpetrator is Caught A lot of people were surprised to learn the web-based Monacoin wallet suffered from unauthorized third-party access several months ago. This turned out to be part of an ongoing hack of Monappy, a somewhat popular social network in Japan. While both incidents

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In the Daily: $4K Bitcoin, Grin Fund Grows, Cryptopia Wallets Return

In the Daily: $4K Bitcoin, Grin Fund Grows, Cryptopia Wallets ReturnIn the first weekend despatch of The Daily, we share some of the exuberance that’s greeted BTC passing the symbolic $4K threshold. We also check up on how the Grin developer fund is going and the progress that Cryptopia exchange is making in returning to full strength in the wake of its hack. Also read: […]

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Bitcoin Exchange Gatecoin Shuts Down Citing Financial Difficulty

Bitcoin Exchange Gatecoin Shuts Down Citing Financial DifficultyHong Kong-based bitcoin exchange Gatecoin has said it is shutting down citing financial difficulty. The exchange suffered a $2 million hack in 2016 and hasn’t been able to recover the funds. However, Gatecoin blames a registered French payment service provider for paralyzing its operations. The payments company allegedly duped the exchange out of an unspecified […]

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Cryptopia Lost Almost a Tenth of Its Assets in January Hack

Cryptopia Estimates 9.4% of Total Assets Stolen During January HackNew Zealand cryptocurrency exchange Cryptopia has published a series of tweets detailing the extent of the losses it suffered during an attack by hackers in January. It said: “We have calculated that worst case 9.4 percent of our total holdings was stolen.” Also read: 125-Year Old Swiss Bank Julius Baer Enters Cryptocurrency Market ‘Securing Individual […]

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Bitfinex Recovers $106,000 of Stolen BTC With US Government Help

Bitfinex Recovers $106,000 of Stolen BTC With U.S. Government HelpBitfinex has recovered 27.7 bitcoin stolen by hackers in August 2016, the company said on Monday. The coins, worth around $106,000 at the time of writing, represent only a small fraction of the total BTC stolen. U.S. federal law enforcement agencies recovered the bitcoin and returned it to the cryptocurrency exchange. Also read: State Treasurer: […]

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New Cryptopia Update Confirms Users Will not Access Funds for a While

TheMerkle Cryptopia Exchange CompromisedThe cryptocurrency industry is still reeling from the recent Cryptopia debacle. When the exchanges confirmed someone stole funds, there was a lot of public outrage. Several weeks later, the investigation is still ongoing and customers are waiting to access their funds. A recent update allegedly shared by the team offers an insight as to how things are going right now. Cryptopia Update Shows Some Progress has Been Made Whenever a cryptocurrency exchange gets breached or hacked, it is rather unlikely affected users will ever see their money returned to them. In the case of Cryptopia, the actual reports regarding what

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