Archive | hacked

Nicehash Mining Pool Allegedly Hacked — Accused of Losing 4449 BTC (US$60M)

According to reports circulating on the web, the mining pool Nicehash was hacked today for allegedly 4,449 BTC or US$60M at current prices. The Nicehash pool has confirmed the organization was breached but did not disclose how many bitcoins were stolen. Also read: Japan Increases Lead – Approves Another Four New Cryptocurrency Exchanges The Mining Pool […]

Drive-by Crypto Miners Want Your Computer

The rise in popularity and prices of cryptocurrencies will bring an inevitable rise in cyber-crime and those trying to steal it. This last week has seen the crypto top three; Bitcoin, Litecoin and Ethereum, all reach record price highs of $11,400, $100 and $500 respectively. Big bucks bring bad guys and they are finding ever […]

Alabama County Succumbs to Bitcoin Ransomware Demands

Yet another incident of hackers using Bitcoin as a payment method for ransomware attacks has surfaced. One of the largest counties in Alabama was the victims this time, and the security breach and subsequent encrypting of sensitive information cost the local government a not-inconsequential $37,000. The figure sounds a lot, but when you consider that […]

Are Cybercriminals Using Your Computer to Mine Crypto?

Security vendor ESET reports of a new technique cybercriminals are utilising to generate funds. By purchasing traffic from an advertising network, they’re able to distribute malvertising (malicious ads) that utilise many victims’ computers to mine crptocurrency. By combining JavaScript and cryptocurrency mining, those perpetrating such attacks are able to operate without actually hacking any machines […]

Could North Korea Be Harbouring an Army of Crypto-Hackers?

Strong evidence is emerging that an elite team of hackers operating out of Pyongyang are stealing Bitcoin. It’s thought that the totalitarian nation is hoping to negate the effect of recent global trade embargos levied against them. As the UN sanctions tighten around the rogue state, it seems North Korea is turning to cybercrime to […]

Good Hackers and Where They Can Work

Being a hacker means a lot of opportunities for a person — Access to secured data, respect, money, and reputation. The only thing which is forgotten is the threat of violating the law and regulations, or in simple words, responsibility for committed actions. It could take different forms – fines, restrictions or even imprisonment. Do […]

Genesis Mining Restores Service after Experiencing a Security Breach

Last week, one of the leading cryptocurrency cloudmining service provider Genesis Mining experienced a security breach. Following the attack, users faced a brief disruption in payouts, which according to the company stands resolved. The details about the security breach were announced Genesis Mining in its recent blog post. According to the post, the platform witnessed […]

South Korean Bitcoin Exhange Platform Issues IOUs In The Aftermath Of Hack Attack

South Korean Bitcoin exchange platform Yapizon suffers over $5.5 million loss from hacker attack, issues IOUs to users. With Bitcoin and other cryptocurrencies on the rise for a while now, it comes as no surprise that hackers and cyber-criminals are shifting their attention to exchange platforms. A relatively unknown South Korean exchange platform, Yapizon, was […]

Bitcoin Ransomware Makes Global IT Infrastructure “WannaCry”

One Bitcoin Ransomware attack on a global scale has literally lived up to its name “WannaCry.” The ransomware which is said to have compromised systems in more than 78 countries, including few vital networks like the ones belonging to UK’s NHS has received worldwide coverage. Based on the available reports, the ransomware worm also known […]