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Crypto Exchange Bithumb Reportedly Hacked

Today, March 30, crypto exchange Bithumb posted on Twitter that their cryptocurrency withdrawals and deposits have temporarily been paused. In an explanation linked to the tweet, the exchange writes that at 10:15 (time zone unknown) on the 29th, they detected what they describe as abnormal withdrawals through their monitoring system. The exchange continues that they have “secured all the cryptocurrency […]

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 […]

Official Google Account Hacked in Latest Twitter Crypto Scam

An official, verified Twitter account owned by Google has become the latest to be hacked to host a crypto “giveaway” scam, the CoinDesk reported on November 14. Twitter user @B_u_r_t_o_n spotted the promoted tweet on the account of Google’s productivity and collaboration tools line, G Suite, on Tuesday, and managed to post a screenshot before it was deleted by the […]

Report: North Korea-Sponsored Hacks Comprise 65 Percent of Total Crypto Stolen

Hacker group “Lazarus,” reportedly funded by North Korea, has stolen a staggering $571 million in cryptocurrencies since early 2017, a study conducted by cybercrime company Group-IB reveals. Key takeaways from the study were published Tuesday, Oct. 16, alongside the full annual report, entitled “Hi-Tech Crime Trends.” The report, dedicated to hacks in 2017 and 2018, identifies the allegedly state-sponsored […]

Nearly $1 Billion Stolen In Crypto Hacks So Far This Year: Research

The losses related to crypto hacks continue to rise sharply, with nearly $1 billion stolen so far this year, new research suggests. In the first nine months of 2018, hackers stole $927 million from the cryptocurrency exchanges and other platforms, according to a recent report from blockchain security firm CipherTrace. The document, titled “Cryptocurrency Anti-Money Laundering 2018 Q3,” […]