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More than $150,000 Worth of Ethereum Stolen Through MyEtherWallet Vulnerability
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More than $150,000 Worth of Ethereum Stolen Through MyEtherWallet Vulnerability
A recent MyEtherWallet vulnerability allowed hackers to reroute traffic to a phishing site, which led to a loss of around $150,000 worth of tokens. Whilst this, in part, highlighted weaknesses on the MyEtherWallet website, it is also symptomatic of inherent failings in how the internet fundamentally works. It is therefore hard for websites such as MyEtherWallet to fully prevent similar hacks, as it would require changing how DNS servers and…
Twitter Verified Profile Fraudster Impersonates Numerous Crypto-Related Accounts
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Twitter Verified Profile Fraudster Impersonates Numerous Crypto-Related Accounts
 It looks like Twitter still has no clue of how to combat the ever-present crypto scams on its platform as the latest of them has hit the social network. The “blue badge” (that indicates a verified profile) scams have been going unchecked in the crypto-Twitter for a while now and the most recent of them has affected several well-known names within the industry. On Wednesday reports have surfaced that a…
Another Hit and Run ICO Scam - Savedroid
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Another Hit and Run ICO Scam – Savedroid [UPDATED]
Update: The company has apparently claimed that the whole fiasco about scamming investors was a PR stunt. The CEO of Savedroid has posted a video on Youtube claiming that this terrible event will push for “high-quality ICO standards.” The investors of Savedroid can now breathe a sigh of relief!  Initial Coin Offerings are slowly gaining popularity, but what happens when an ICO scams their investors? The founders of Savedroid have…
damn ship
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Mark Karpeles Abandoning the Ship of the Damned
 It has been four long years since MtGox, ran by the former CEO Mark Karpeles, filed for civil rehabilitation, and became bankrupt, because of large amounts of bitcoins disappearing. Now, after being arrested for almost a year, and released under bail, Mark Karpeles is trying to get MtGox into civil rehabilitation again. This four years long creditor nightmare appears to continue, as the entire community has mixed feelings for this. On…
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Over 400,000 Crypto Jacking Attempts Was Blocked By Microsoft Just In One Day
  A Microsoft blog post, released on March 7, 2018, describes that more than 400,000 attempts to infect users with cryptocurrency mining malware over a span of 15 hours were blocked by Microsoft’s Windows Defender Antivirus. Based on the data from Windows Defender, on March 6, 2018, the antivirus began identifying advanced trojans, which are new variants of an application called Dofoil, making an effort to insert cryptocurrency mining software…
Coincheck Exchange Will Refund Hacked Users And Restart Its Services Next Week
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Coincheck Exchange Will Refund Hacked Users And Restart Its Services Next Week
In an announcement, published on March 8th, 2018, Coincheck, a hacked Japanese cryptocurrency exchange, stated, that it will return seized funds to clients by the end of next week. In January of 2018, Coincheck lost $534 mln. in NEM tokens to hackers. According to a blog post from Cointelegraph Japan, Coincheck will not only pursue to restore the stolen funds but also attempt to restart its services by the same…
Binance Placed $250,000 Bounty For Arresting Hackers
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Binance Placed $250,000 Bounty For Arresting Hackers
In an announcement, published on March 11, 2018, The Binance cryptocurrency exchange offered a $250,000 bounty on the apprehension of the hackers who were involved in the March 7th incident. The announcement indicates that the first person to provide information about the hackers, which will result in legal imprisonment, in any jurisdiction, will receive the premium in Binance Coin (BNB). If multiple references lead to final arrests, the bounty may…