cryptocurrency exchange

FAIL: Nomad DeFi Bridge ‘Loses’ $190M of Worthless Tokens
Richi Jennings | | API exploit, blockchain, Crypto, cryptocurrencies, cryptocurrency, cryptocurrency exchange, DeFi, Ethereum, imaginary money, Moonbeam, Nomad, One step closer to ridding the world of web3 nonsense, Ponzi scheme, SB Blogwatch, smart contracts, Web3
Cryptocurrency startup Nomad claimed its “optimistic bridging” protocol would “would keep users’ funds safe.” We take a closer look ...
Security Boulevard

Crypto.com: Fortune Favors the Hacker—$16M ‘Stolen’
Richi Jennings | | Crypto, cryptocurrencies, cryptocurrency, cryptocurrency exchange, DeFi, Ethereum, imaginary money, it’s not creating any new value in the way that regular economic activities do, SB Blogwatch
DeFi exchange Crypto.com got hacked yesterday, sources say. Users reported imaginary money missing from their accounts—as researchers watched it get laundered ...
Security Boulevard

Cryptomixers Enable Ransomware Payment Laundering
While cryptomixers aren’t illegal in and of themselves, they have become “a linchpin in ransomware schemes,” according to a report from Intel 471. As the name implies, cryptomixers, typically standalone services, mix ...
Security Boulevard

Treasury Sanctions SUEX Exchange for Laundering Ransoms
The Biden administration fired another shot in its battle against ransomware Tuesday as the U.S. Treasury Department took steps to disrupt the financial infrastructure behind ransoms, designating for sanctions the SUEX OTC, ...
Security Boulevard

Coinbit Seizure: Why New Cryptocurrency Exchanges Conduct Wash Trading
Mriganka Pattnaik | | Bitcoin, Coinbit, cryptocurrency, cryptocurrency exchange, online currency, wash trading
On Aug. 26, the South Korean newspaper Seoul Shinmun published a report stating that 99% of transaction volume was faked through wash trading on Coinbit, one of the largest cryptocurrency exchanges in ...
Security Boulevard

Hackers Steal $150 Million from Asian Cryptocurrency Exchange
KuCoin, a Singapore-based cryptocurrency exchange, has disclosed a security incident that resulted in the unauthorized transfer of roughly $150 million in digital assets. In a notice published last week, KuCoin notified clients that it ...

U.S. Treasury Sanctions Russian Hackers for Stealing $17 Million in Crypto Cash
Filip Truta | | Crypto, cryptocurrency, cryptocurrency exchange, FBI, indictment, Industry News, Russia
This week, U.S. authorities sanctioned two Russian nationals for defrauding several cryptocurrency exchanges of a combined $17 million. The duo, who had several other accomplices, used phishing schemes to meet their goals, ...

Cryptocurrency Exchange Eterbase Loses $5.4 Million to Hackers Overnight
Filip Truta | | Bitcoin, Crypto, cryptocurrency, cryptocurrency exchange, cryptocurrency exchange hacked, eterbase, hot wallet, Industry News, slovakia, tezos, tron, XRP
A group of hackers on Monday night compromised cryptocurrency exchange Eterbase and raided six hot wallets to steal $5.4 million in Bitcoin, Ethereum, XRP, Tezos, Algorand, and TRON. The criminals transferred the ...

Coincheck cryptocurrency exchange targeted by hackers, customer emails exposed
Graham Cluley | | Coincheck, Coincheck breach, Coincheck Hack, cryptocurrency exchange, cryptocurrency exchange hack, Industry News
Japanese cryptocurrency exchange Coincheck has announced that earlier this week hackers managed to access some emails sent to the firm by its customers. Reading (with a little help from Google Translate) press ...

Bad actor steals $250,000 from Bisq users after faulty security patch
Alina Bizga | | Bisq, Bitcoin, cryptocurrency, cryptocurrency exchange, Cyber-attack, Industry News, vulnerability
Bisq, a decentralized crypto exchange network, was forced to disable trading on Tuesday after the discovery of a critical security vulnerability. The open source peer-to-peer application allows Bitcoin aficionados to buy or ...