Posts

Showing posts with the label hackers

Monero: something strange is going on

Image
CEO of Lunar Digital Assets, Han Yoon wrote an article, warning that Monero network possibly showing signs of an imminent attack. The main point is the strange increase in hashpower. Starting from January 1st, 2019 it"s constantly growing - from 322,7Mh/s up to 781 Mh/s (February 5th). It"s an enormous growth and, in fact, the hashpower was never that high since the April 5th, 2018 - the day when Cryptonight V8 algorithm was implemented during the Lithium Luna update. You can check the actual hashpower here. The whole situation doesn"t seem to be strange and dangerous now. But considering the fact that Monero is an ASIC-resistant coin, there"s less space for the explanation of such a strange behavior. Another fact - Monero ... Read more about " Monero: something strange is going on " on coinatory.com

WSJ: Two groups of hackers can stand behind 60% of all known thefts in cryptoindustry

Image
The new exclusive report of the analytical company Chainalysis says that only two groups of highly skilled cybercriminals cause theft of more than $ 1 billion in cryptocurrency (60% of all known hacks). The Wall Street Journal writes about this. It is expected that Chainalysis will publicly announce the results of the study later, as there is still a possibility that the analysis is incorrect, and the company is “not 100% sure” in the identification data of these two groups. In its report, the company mentions them as Alpha and Beta. Experts say that Alpha is “a giant, strictly controlled organization, at least partially driven by non-monetary goals,” while Beta is “a small and less organized group that is completely focused on money. ... Read more about " WSJ: Two groups of hackers can stand behind 60% of all known thefts in cryptoindustry " on coinatory.com

Over $4 million earned on hacked SEC database

Image
The dreadful American regulator, the Securities and Exchange Commission (SEC), found itself in the unusual role of a victim. According to the lawsuit, the international criminal group managed to earn more than $ 4 million in securities transactions, thanks to the data stolen from the Commission. This is about hacking Edgar, the Commission"s database containing official information. According to the claimant, hackers illegally gained access to 157 messages from various companies containing information not intended for publication. The data stolen from the regulator was used to obtain unlawful benefits in operations with securities of these companies. SEC estimates the income received in this way at $ 4.1 million. In addition, the ... Read more about " Over $4 million earned on hacked SEC database " on coinatory.com

SlowMist representatives are actively looking for initiators of the Ethereum Classic 51% attack

Image
Chinese security firm SlowMist said it could soon locate the initiators of the recent 51% attacks on Ethereum Classic (ETC). In an article on Medium of January 9, SlowMist points to three wallet addresses and a hash of four transactions, due to which, presumably, a lengthy attack was launched on the ETC blockchain. The company also confirmed the data published Coinbase cryptographic. Both companies said that as a result of attacks that began on January 5 at 19:58 UT, there was a double spend. According to SlowMist, seven transactions were rolled back from the network in the amount of 54,200 ETC (almost $ 270,000). SlowMist also reported that the attacks have already stopped, and the last one was recorded at 4:30 am UT on January ... Read more about " SlowMist representatives are actively looking for initiators of the Ethereum Classic 51% attack " on coinatory.com

Disappointed by crypto jacking, hackers returned to ransomware

Image
Malwarebytes experts believe that the ransomware became the favourite method of crypto hackers once again, although in the recent past they preferred crypto jacking. Experts believe that the reason for the change of tactics was a prolonged decline in the cryptocurrency market, as well as new measures to protect against hidden mining. Yet another reason for that might be The Monero Malware Response, initiated by Monero community as this coin was mostly used in crypto jacking because it makes hackers almost impossible to find. Fbot might ... Read more about " Disappointed by crypto jacking, hackers returned to ransomware " on coinatory.com

Monero: new challenges

Image
The study showed that the Monero transactions, despite their intricacies, cannot be called completely anonymous. The specialists managed to establish the regularity by which data about addresses and the sum of coins are mixed. Since Monero declares to be completely secure, private and untraceable, this statement is being continuously challenged. It"s always been a race between hackers and developers. This time a bug was found in their network. Such news was reported by the users themselves. In response, the development team quickly ... Read more about " Monero: new challenges " on coinatory.com

Bitcoin ATMs can be attacked with the help of the program for $ 25,000

Image
According to security researchers, malicious software designed for bitcoin ATMs is already being sold in the "black" markets. For $ 25,000, malware that exploits a vulnerability in the service allows users to raise the price of bitcoin in euros, US dollars, or British pounds. Researcher Fernando Merke explained: "Unlike conventional ATMs, there is no single set of verification or security standards for ATMs. For example, instead of requiring a credit or debit card for transactions, the ATM bitcoin uses mobile numbers and identity cards to ... Read more about " Bitcoin ATMs can be attacked with the help of the program for $ 25,000 " on coinatory.com

Chinese police arrested the suspects in the theft of the cryptocurrency for 600 million yuan

Image
Xi"an, Aug. 19 - Police in Xi"an City, the administrative center of Shaanxi Province in northwest China, arrested three suspected of stealing cryptocurrency in the amount of about 600 million yuan (about $ 87 million). In March of this year, a man turned to the Xi"an police, who reported that hackers had illegally penetrated his computer and stole from him cryptocurrency (bitcoins and ether) for 100 million yuan. An investigation was launched, during which the police found that the suspects remotely hacked accounts with ... Read more about " Chinese police arrested the suspects in the theft of the cryptocurrency for 600 million yuan " on coinatory.com

AT&T sued due to theft of the cryptocurrency

Image
Co-founder of BitAngels and BitAngels / Dapps Fund, Michael Terpin filed a lawsuit against AT&T telecom giant in Los Angeles court. He accuses the company of negligence, which led to a major theft of the cryptocurrency. The employees of the call center copied his phone number to intruders who stole from the crypto investor digital assets worth $ 24 million. The lawsuit says that over the past six months hackers have repeatedly cracked his mobile phone. Michael Turpin believes that it is either a criminal negligence or collusion of ... Read more about " AT&T sued due to theft of the cryptocurrency " on coinatory.com

Hackers Hijacked Canadian Banks to Steal Data, Demand $1 Million in XRP

Image
Two Canadian banks - Bank of Montreal and Simplii Financial - say hackers stole customers’ information, demanded $1 million worth of Ripple to return the data. The bullish trend of the digital currencies is continuously attracting hackers and scammers to the crypto space. A group of hackers has reportedly hijacked the personal data of thousands of customers from two Canadian banks. The fraudsters are demanding for a ransom $1 million in Ripple (XRP) before they will safely return the stolen information and would publish them online if th ... Read more about " Hackers Hijacked Canadian Banks to Steal Data, Demand $1 Million in XRP " on coinatory.com