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BuyUCoin initially denied the reports of a data breach, but added that all user funds are safe.
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Hackers News
A computer hacker is any skilled computer expert that uses their technical knowledge to overcome a problem. While "hacker" technically has a neutral connotation, the term was changed by popular culture, which defines a hacker as someone with technical knowledge who uses bugs or exploits to break into computer systems.
The recent outburst of interest in cryptocurrencies triggered some hackers to begin looking through different crypto exchange services. The latest news on hackers show that no one is protected from their interventions. There were already several cases of exchanges hacks. For example, in January 2018 cryptocurrency exchange service Coincheck was hacked and approximately 500 million NEM tokens were removed from exchange, amounting about $385 million stolen. Although Coincheck was capable to compensate all users with its own capital, there is no confidence that bigger incidents won’t take place.
- Expert Take
Studying the question of how Bitcoin hacking incidents affect the uncertainty in the overall crypto market.
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Investigators reportedly identified the individuals by tracing the crypto exchange accounts used to launder the funds.
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Co-founder Josh Fraser said he hopes the compensation plan will help build trust among users as the project moves forward.
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Successful applicants can use the funds to buy a ticket to the company's headquarters.
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Russian cryptocurrency exchange Livecoin has announced a full shutdown following an alleged hack in December 2020.
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“Are you able to imagine all the possible consequences that can occur to you and your loved ones?” said the scammer.
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But to be fair, they're a long way behind remote-controlled junk cages.
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Russian crypto exchange Livecoin claims that it has suffered a “carefully planned attack,” but some in the community suspect an exit scam.
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About $4 million of crypto stolen in Exmo hack was allegedly withdrawn through Poloniex, the exchange said it froze several accounts.
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Bitgrail’s founder, Francesco Firano, is accused of fraud related to the massive hack back in 2018.
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Major cryptocurrency exchange Exmo lost 5% of its total assets due to an apparent hacking attack.
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A cybersecurity expert claimed the affected users would be targeted online and in person now that their personal information had been made public.
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In a promising sign for the DeFi space, another project devotes itself to complete user compensation following an exploit
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"Bitcoin means trusting a SHA256 algorithm more than the U.S Treasury," quipped Blockfolio.
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