The cryptocurrency industry and those responsible for securing it are still in shock following Friday’s heist, likely by North Korea, that drained $1.5 billion from Dubai-based exchange Bybit, making the theft by far the biggest ever in digital asset history. Bybit officials disclosed the theft of more than 400,000 ethereum and staked ethereum coins just… Read More »
Hackers pocketed as much as $155,000 by sneaking a backdoor into a code library used by developers of smart contract apps that work with the cryptocurrency known as Solana. The supply-chain attack targeted solana-web3.js, a collection of JavaScript code used by developers of decentralized apps for interacting with the Solana blockchain. These “dapps” allow people… Read More »
reader comments 70 Cryptocurrency has always made a ripe target for theft—and not just hacking, but the old-fashioned, up-close-and-personal kind, too. Given that it can be irreversibly transferred in seconds with little more than a password, it’s perhaps no surprise that thieves have occasionally sought to steal crypto in home-invasion burglaries and even kidnappings. But… Read More »
Flavio Coelho/Getty Images reader comments 52 Two years ago when “Michael,” an owner of cryptocurrency, contacted Joe Grand to help recover access to about $2 million worth of bitcoin he stored in encrypted format on his computer, Grand turned him down. Michael, who is based in Europe and asked to remain anonymous, stored the cryptocurrency… Read More »
Getty Images | Andriy Onufriyenko reader comments 85 Billy Restey is a digital artist who runs a studio in Seattle. But after hours, he hunts for rare chunks of bitcoin. He does it for the thrill. “It’s like collecting Magic: The Gathering or Pokémon cards,” says Restey. “It’s that excitement of, like, what if I… Read More »
Enlarge / A BATM sold by General Bytes. General Bytes reader comments 68 with Share this story Hackers drained millions of dollars in digital coins from cryptocurrency ATMs by exploiting a zero-day vulnerability, leaving customers on the hook for losses that can’t be reversed, the kiosk manufacturer has revealed. The heist targeted ATMs sold by… Read More »
Eugene Mymrin/Getty Images reader comments 38 with 0 posters participating Share this story For years, the cryptocurrency economy has been rife with black market sales, theft, ransomware, and money laundering—despite the strange fact that in that economy, practically every transaction is written into a blockchain’s permanent, unchangeable ledger. But new evidence suggests that years of… Read More »
Enlarge / Holding up corporations, utilities, and hospitals for malware-encrypted data used to be quite profitable. But it’s a tough gig lately, you know? ifanfoto/Getty Images reader comments 44 with 0 posters participating Share this story Two new studies suggest that ransomware isn’t the lucrative, enterprise-scale gotcha it used to be. Profits to attackers’ wallets,… Read More »
Getty Images reader comments 43 with 0 posters participating Share this story Federal authorities on Wednesday arrested the founder of Bitzlato, a cryptocurrency exchange they said has been a financial haven for Russia-aligned criminals engaged in ransomware and illicit drug sales on the dark web. Anatoly Legkodymov, a 40-year-old Russian national residing in Shenzhen, China,… Read More »
Getty Images reader comments 90 with 0 posters participating Share this story One of the prominent developers behind the Bitcoin blockchain said he has asked the FBI to assist him in recovering $3.6 million worth of the digital coin that was stolen from his storage wallets on New Year’s Eve. Luke Dashjr is a developer… Read More »