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Singaporean Exchange Bitrue Gets Hacked, Losing $5 Million in XRP, Cardano

Singapore-based crypto exchange Bitrue has suffered a major hack, losing 9.3 million XRP and 2.5 million cardano (ADA) from its hot wallet. The news was revealed in an official statement from the exchange published as a twitter thread on June 26. At the time of the breach — 1 a.m. GMT+8 June 27 — the stolen […]

Chainalysis: 64% of Ransomware Attackers Launder Proceeds via Crypto Exchanges

United States-based blockchain intelligence firm Chainalysis claims that 64% of ransomware attack cash-out strategies involve the laundering of funds via cryptocurrency exchanges. The data was revealed in a Chainalysis webinar attended by Cointelegraph on May 30. A ransomware attack involves the infection of a target with malware and the demand of a ransom payment — […]

Singapore: Crypto Exchange DragonEx Reports Hack of Both Platform, User Assets

As the CoinTelegraph announced, Singapore-based cryptocurrency exchange DragonEx has notified its users that it suffered a hack, according to an official announcement on the platform’s Telegram Channel on March 25. The incident— described as “attacks from hackers” that resulted in the transfer and theft of both “users’ […] and Platform crypto assets,” reportedly occurred on March […]

New Zealand: Hacked Exchange Cryptopia Expects to Resume Trading by End of March 2019

Cryptopia, the recently hacked New Zealand crypto exchange, has posted an update on March 17 concerning its plan to resume trading on its platform, which is expected by the end of March, the CoinTelegraph writes.. In the post, Cryptopia’s co-founder Rob (Hex) Dawson stated that the company is entirely committed to reopening the exchange. Hex provided Cryptopia customers with […]

Electrum Wallet Attack May Have Stolen As Much as 245 Bitcoin

As the CoinDesk reported,the phishing attack on the Electrum wallet network has possibly managed to steal around 245 bitcoins, worth over $880,000 at today’s prices. Warning of the attack on Thursday, the firm tweeted: “There is an ongoing phishing attack against Electrum users. Our official website is https://electrum.org Do not download Electrum from any other source.” The bad actor […]