QuadrigaCX Granted Creditor Protection After CEO’s Death Makes $190 Million Inaccessible

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Following the sudden death of the 30-year-old founder Gerald Cotten, one of Canada’s largest cryptocurrency exchanges was granted an order for creditor protection in the Nova Scotia Supreme Court while the company looks to recover $190 million in investor funds. On Jan. 28, Quadringa, through a statement from Jennifer Robertson, wife and partner of Cotten, announced…

Binance Freezes Hacked Cryptopia Funds, Raises Questions Around Cryptocurrency Fungibility

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Part of the funds from the Cryptopia hack were recently sent to the Binance cryptocurrency exchange. In response, Changpeng Zhao (CZ), the CEO of Binance froze the funds, raising questions around cryptocurrency’s anonymity and fungibility. Cryptopia is a tiny exchange with a daily trading volume averaging around $2 million. The exchange was hacked on the…

Cryptopia Suffers Catastrophic Hack, Evidence Suggests $2.5 Million Ethereum Stolen

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New Zealand-based Cryptopia is the first cryptocurrency exchange to get hacked in 2019. Estimates of the damage range between $2.5 to $3.5 million; The attack was confirmed in the late hours of Jan. 13th after the company announced emergency “maintenance.” Cryptopia is a tiny exchange with daily trading volume averaging approximately $2 million. The evening of…

Google Play Store Hosted App Found Hacking Crypto Login Credentials

Google Play Store Hosted App Found Hacking Crypto Login Credentials

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A video published Thursday by security researcher Lukas Stefanko exposed a malicious app hosted on the Google Play store that distributes malware onto unsuspecting user’s mobile devices. Harvesting Your Passwords The app, called Easy Rates Converter, markets itself as a currency conversion tool. In reality, it infects devices with malware designed to harvest their login…

Is Delayed Proof of Work the Answer to 51% Attacks? [INTERVIEW]

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Earlier in October, an ethical hacker who goes by the handle GeoCold on Twitter announced the live-streaming of a 51% attack on the alt coin Einsteinium. The plan was to gain control of the network and expose vulnerabilities that exist in conventional proof-of-work blockchains which allow for double-spending attacks. Only it didn’t go quite as planned.…

SpankChain Smart Contract Compromised, Hackers Take $38,000 in Ethereum (ETH)

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Blockchain-based adult entertainment protocol SpankChain revealed the theft of 165.8 ether (ETH), worth $38,000 at the time. The move occurred after hackers exploited a smart contract bug on the protocol, according to an official release on Oct.9. SPANK is “Spanked” As stated, the hack took place on Oct.6 when the SpankChain team was investigating multiple…

Total of 7 Crypto Exchanges and 158 Wallets Hacked in South Korea, Police Find

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The South Korean National Police Agency has produced a report of all hacking incidents of crypto exchanges and wallets in the country during the past three years. According to local media, there were seven hacking cases of crypto exchanges and 158 cases of wallet hacks, 91 of which happened this year. However, only six arrests…

Payfone Wins SIM Swap Attack-Prevention Patent to Deter Cryptocurrency Hacks

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SIM swap fraud and cryptojacking have increasingly become popular methods of cryptocurrency theft among hackers worldwide. In an attempt to deter such attacks, digital identity company Payfone has won a technology patent for SIM swap prevention. Payfone Looks to End SIM Swap Fraud Digital identity authentication company Payfone has won a patent for an anti-SIM…