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“# A crypto New Year’s resolution: Modernize security infrastructure ” It’s safe to say that 2020 has been a banner year for the digital-asset space. Bitcoin (BTC) soared past its previous high, and many other prominent cryptocurrencies reached their highest levels since the heyday of 2017 and early 2018. Across the financial services industry, institutional…
“# Cover Protocol suffers infinite minting attack, price tanks 97% ” A suspected hacker has exploited the Cover staking protocol, inflating the token supply by printing over 40 quintillion “coins” However, in a surprising move, the suspected attacker returned the funds with a note saying: “Next time, take care of your own shit.” Cover Attacker…
“# Roundup of crypto hacks, exploits and heists in 2020 ” Unlike in previous years, crypto news in 2020 has not been dominated by major exchange hacks and million dollar Bitcoin thefts. However, there have still been quite a few and most of them have originated from the nascent decentralized finance sector. DeFi has been…
“# Livecoin exchange goes offline after Bitcoin price reportedly exceeds $320K ” Livecoin, a lesser-known Russian cryptocurrency exchange, has abruptly halted operations in the aftermath of an alleged hacker attack on Christmas day. According to Livecoin’s main page, the exchange has suffered a “carefully planned attack” causing the platform to lose control of all of…
“# Exmo hackers withdraw part of stolen funds via Poloniex, exchange confirms ” Hacked cryptocurrency exchange Exmo is not able to recover a large amount of stolen funds as hackers withdrew millions of dollars in crypto through the Poloniex crypto exchange. On Dec. 21, Exmo announced a major hack causing the platform to freeze all…
“# DeFi data manipulation is too easy — and current oracle solutions aren’t helping much ” It seems like every week we hear news of another DeFi project being hacked or exploited. The latest crop of victims includes such projects as Harvest Finance, Akropolis, Value DeFi, Origin and of course Compound. When exploits do occur,…
“# Bitgrail’s founder contributed to $150M loss, Italian authorities allege ” Italian authorities have found Bitgrail’s founder responsible for fraudulent activity related to the platform’s $150 million hack in 2018. Francesco Firano, the sole director of now-defunct cryptocurrency exchange Bitgrail, is accused of taking over customer funds prior to reporting the theft of crypto from…
“# Doxxed Ledger users in danger of physical harm ” While the affected users are threatening legal action in the Ledger data dump, some wallet owners might be at the risk of being visited by criminals. According to a Redditor named “u/relephants,” some users have begun received threatening emails demanding a $500 payment or risk…
“# Exmo crypto exchange suffers hack, halts all withdrawals ” Exmo, a cryptocurrency exchange headquartered in the United Kingdom, has suffered a major security breach causing the platform to freeze all withdrawals. According to a Dec. 21 security notice, Exmo detected suspicious withdrawal activity on Monday, with large amounts of major coins like Bitcoin (BTC)…
“# Ledger users threaten legal action after hacker dumps personal data ” The hacker that breached hardware wallet provider Ledger’s marketing database earlier this year has released personal data for thousands of users, prompting many to threaten the firm with a class-action lawsuit. According to a tweet from network security firm Hudson Rock’s Alon Gal,…