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VeChain Loses $6.6M in VET Tokens to Hacker in Attack on Buyback Wallet

VeChain Foundation’s wallet has been compromised in a hacker attack targeting funds earmarked for the foundation’s buyback program. Per a VeChain Foundation announcement on Dec. 13, an unknown hacker has redirected 1.1 billion VET tokens — valued at approximately $6,600,000 at press time — from the VeChain Foundation’s buyback wallet to a personal wallet address. Security breach is likely […]

Cyber Criminals Netted $4.3B From Crypto-Related Crime in 2019: Study

Cyber criminals have netted $4.3 billion from digital currency exchanges, investors and users in 2019.  Blockchain security company CipherTrace gave its summary crypto-related theft in its Anti-Money Laundering report that it shared with Cointelegraph on Aug. 12. According to CipherTrace, outright thefts, scams and other kinds of misappropriation of funds from digital currency holders and […]

Japan: Hacker Involved in 15 Mln Yen Crypto Theft Referred to Prosecutors

An 18-year-old hacker was referred to prosecutors in the Japanese city of Utsunomiya for stealing cryptocurrency, local news outlet Japan Today reported on March 14. The cybercriminal allegedly hacked Monappy, a digital wallet which can be installed on a smartphone, and stole 15 million yen ($134,196) of cryptocurrency between Aug. 14 and Sept. 1 of last year. The hack reportedly […]

Chainalysis: Two Probably Still Active Groups Account for $1 Billion in Crypto Hacks

A report outlined by blockchain analytics company Chainalysis has revealed that two hacker groups have reportedly stolen $1 billion in cryptocurrency, the Wall Street Journal (WSJ) reports on Jan. 28. According to the new report shared with the Wall Street Journal, the two entities — which Chainalysis calls Alpha and Beta — have received the majority of the money lost in […]

EOS DApps Lose Almost $1 Million to Hackers Over the Last Five Months

Decentralized apps (DApps) based on the EOS blockchain have lost up to $1 million to hacks since July, Chinese crypto media Blockchain Truth reports Tuesday, Dec. 4. The report cites data by PeckShield, a blockchain security company that monitors different ecosystems. According to the report, the DApps on EOS have seen 27 breaches from July to late November, losing up to 400,000 EOS, or 8 […]

North Korean Hackers Move Onto Attacking Individuals After Exchanges Boost Security

The CEO of cybersecurity firm Cuvepia declared that his company detected over 30 attacks on crypto-bearing individuals probably carried out by North Korean hackers, English-language media site South China Morning Post reports Nov. 29. Kwon Seok-Chul, the CEO of the aforementioned South Korean cybersecurity company, said that the new targets of the suspected North Korean cyberattacks “are […]