New Trojan Attack Targets Mac Users to Steal Cryptocurrency
Researchers discovered a new trojan targeted at crypto traders using trading applications on macOS. Go to Source Powered by WPeMatico
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IT Contractor Stole $38,000 of Crypto While Fixing Company’s Computers
A man hired to fix a business’s IT systems for $1,700 was jailed for 20 months after stealing $38,000 of cryptocurrency he found while in the company network. Go to Source Powered by WPeMatico
IOTA Network Still Down: How the Next Bitcoin Killer Screeched to a Halt
On February 13, the IOTA network came to a screeching halt and the IOTA Foundation reports that $1.6 million worth of the native currency was stolen. The following day, the IOTA network status page still shows the mainnet is “not operational” and the development team has found an “exploit related to the Trinity Wallet.” Also … Read more
French Businessman Detained for Stealing €1.2 Million in Crypto From His Partners
An investigation launched on the request of a French startup has led to the indictment of a 37-year-old entrepreneur accused of stealing 182 BTC from the company he cofounded. Embezzlement of money is one the charges brought against him by the public prosecutor’s office in Paris. Also read: Russia’s Supreme Court Recognizes Tokens as Assets … Read more
Nearly 1% of the Dash Supply Allegedly Gets Stolen by an Israeli Hacker
In the cryptocurrency world, there has never been a lack of nefarious projects, theft, and hacking attempts. In Israel, it would appear as if a recent indictment is making a fair bit of attention. One citizen has been indicted for stealing nearly 1% of the entire Dash supply to date. A very interesting claim which … Read more
Bithumb Blames new Crypto Theft on “Insiders”
It would appear the cryptocurrency exchange industry is far from drama-free at this time. Although there are numerous companies operating without problems, the same cannot be said for Bithumb. Once South Korea’s largest exchange, it has now become a seemingly prone target for hackers and criminals. The company confirmed a new heist which will spark … Read more
The Recent $7.7m EOS Theft can Make the Ecosystem Better
In the cryptocurrency world, stealing funds is nothing new under the sun whatsoever. While most of these thefts involve hacking exchanges or scamming users, it seems the recent $7.7m worth of EOS theft is a bit different. An internal mishap involving the 21 block producers has caused a very unfortunate incident to materialize. The $7.7m … Read more
Bitgo Obtains $100M Insurance Policy to Cover Crypto Assets
Cryptocurrency wallet service provider Bitgo has secured a $100 million policy through Lloyd’s insurance to cover crypto assets that are completely under the company’s control, such as those held in its business wallet and custody offerings. The policy covers issues like insider theft by employees, loss or damage of private keys and hacks. Also read: Survey … Read more
Crypto-Stealing SIM Swapper Pleads Guilty, Gets 10 Years in Prison
Joel Ortiz, a college student who allegedly stole cryptocurrency worth over $5 million, has pleaded guilty and accepted a 10-year prison sentence. Ortiz was arrested last year and accused of hijacking the phone numbers of around 40 people. He is now the first person to be sentenced for the crime, commonly known as SIM swapping. … Read more
Italian Court Orders Bitgrail Founder to Refund $170M of ‘Missing’ Cryptocurrency
An Italian court has ruled that Francesco Firano, founder of defunct cryptocurrency exchange Bitgrail, was at fault for the disappearance of $170 million worth of the nano digital currency on his exchange last year. Firano, who called himself “The Bomber,” is now “required to return as much of the assets to his customers as possible. Also … Read more