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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Hacked NZ Exchange Cryptopia Allowed to Reopen

Hacked NZ Exchange Cryptopia Allowed to ReopenDigital asset exchange Cryptopia has been given the green light to open again after New Zealand police announced they have almost completed their investigation at its offices. The crypto trading platform suffered a security breach last month when, according to one estimate, as much as $16 million worth of cryptocurrency was stolen. Also read: Brazilian […]

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Coincheck Registers 1.7M New Users Since Resuming Operations Last October

Coincheck Registers 1.7M New Users Since Resuming Operations Last OctoberCoincheck has reported 1.73 million downloads of its mobile app since the Japanese cryptocurrency exchange resumed new account signups, withdrawals, deposits and limited trading in October. By the end of December, more than 900,000 of the new users had gone on to confirm their identities, in what looks like a remarkable comeback for an exchange […]

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The Daily: Fidelity Crypto Custody Update, Cryptopia Hack Continues

The Daily: Fidelity Crypto Custody Update, Cryptopia Hack ContinuesIn today’s edition of The Daily we feature a number of stories about financial companies adding cryptocurrency-related services including a custody solution from Fidelity and new CFDs for trading BCH vs precious metals. We also cover the latest update about the ongoing Cryptopia hack. Also Read: Report: Two Hacker Groups Stole $1 Billion From Crypto […]

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The Daily: Crypto Wallet Raises $15 Million, Localbitcoins Suffers Vulnerability

The Daily: Crypto Wallet Raises $15 Million, Localbitcoins Suffers VulnerabilityIn today’s edition of The Daily we feature another recent example of venture capital infusion into the cryptocurrency space as Japan’s SBI invests in the BRD wallet. We also cover a recent security vulnerability that was detected on the P2P exchange Localbitcoins, and a new AML/KYC compliance solution for stablecoins. Also Read: Galaxy Digital Is […]

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