Russian cryptocurrency exchange Livecoin has announced a full shutdown following an alleged hack in December 2020.
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.
“Are you able to imagine all the possible consequences that can occur to you and your loved ones?” said the scammer.20374
But to be fair, they're a long way behind remote-controlled junk cages.28529
Russian crypto exchange Livecoin claims that it has suffered a “carefully planned attack,” but some in the community suspect an exit scam.67674
About $4 million of crypto stolen in Exmo hack was allegedly withdrawn through Poloniex, the exchange said it froze several accounts.10966
Bitgrail’s founder, Francesco Firano, is accused of fraud related to the massive hack back in 2018.7500
Major cryptocurrency exchange Exmo lost 5% of its total assets due to an apparent hacking attack.11673
A cybersecurity expert claimed the affected users would be targeted online and in person now that their personal information had been made public.61661
In a promising sign for the DeFi space, another project devotes itself to complete user compensation following an exploit8105
"Bitcoin means trusting a SHA256 algorithm more than the U.S Treasury," quipped Blockfolio.27043
Once a user identifies a phishing attempt, spreading the word online can assist in the security of everyone’s funds.24825
If the vote passes, the claim will move to a validity committee to approve a possible payout of $340,000.7835
After a crippling hack, KuCoin looks to return to normalcy — but what's next for the troubled exchange?10123
The attackers used social engineering to defraud the GoDaddy staff.8380
The perils of decentralized finance in the spotlight yet again after the latest major DeFi exploit24937