In a stunning announcement made earlier today, Tokyo-based cryptocurrency exchange Coincheck revealed that the company was the victim of the largest cryptocurrency heist in history. According to a report published by Japanese newspaper Asahi Shimbun (and translated by Coindesk), the hackers made off with over 500 million NEM (XEM) tokens, worth roughly $535 million (58 […]
Yesterday evening, a person using the email address long associated with mysterious bitcoin creator Satoshi Nakamoto sent the following message to Bitcoin Talk administrator Michael “theymos” Marquardt: “Michael, send me some coins before I hitman you.” Almost immediately, Marquardt took to the Bitcoin Talk forum to warn the bitcoin community that Satoshi Nakamoto’s email had […]
It’s being called “Celebgate,” and it’s already bringing a new wave of negative attention to bitcoin. Over the weekend, a poster on infamous anonymous image-sharing message board 4Chan.org leaked hundreds of private, nude photos of several female celebrities, including Oscar-winner Jennifer Lawrence, swimsuit model Kate Upton and others. The anonymous 4Chan poster also claimed to […]
The collapse of Mt.Gox still looms large in the bitcoin world. In a matter of weeks, the once-iconic Tokyo-based exchange crumbled amid vague and as-yet unsubstantiated claims of hacking. Not surprisingly, many have since come to suspect that there’s more to the Mt.Gox story than has been revealed. Without access to the company’s internal database, […]
If you’ve been involved with bitcoin for even a brief time, odds are you’ve at least heard the name Roger Ver. The venture capitalist has been involved in seed funding for some of the biggest names in the bitcoin industry — Kraken, Blockchain, Ripple and the Bitcoin Foundation, just to start — earning him the […]
As the major exchanges ramp up their security efforts in response to the transaction malleability attacks that took down Mt.Gox, several smaller exchanges with less development resources have found themselves targeted. The most recent case involves CoinEX.pw, based (for tax purposes, at least) in the Pacific island nation of Palau. CoinEX is a small exchange […]
Last week, hackers released a variety of potentially damaging internal Mt.Gox databases as well as a wallet-stealing virus disguised as a search tool. The hackers also claimed to have over 20 GB of Mt.Gox user data which they planned to sell “one or two times to make up personal loses from gox closure” for 100 […]
On March 4, virtual currency exchange Poloniex was hacked through a previously unknown code vulnerability. Writing on the BitcoinTalk.org forum, owner Tristan D’Agosta outlined the process that allowed the attack and resulted in the freezing of trading and withdrawals on the site. The hacker discovered that if you place several withdrawals all in practically the […]
During a recent audit of the cryptographic program GnuTLS, Red Hat analysts discovered a “critical” bug that would allow attackers to bypass secure sockets layer (SSL) and Transport Layer Security (TLS) protections. The flaw in the GnuTLS library allows attackers to eavesdrop on encrypted traffic, opening up the potential for stolen passwords and more damaging […]
On Sunday, March 2, Alberta-based “Bitcoin bank” Flexcoin was hacked. Thieves made off with all 896 Bitcoins in the system’s online “hot wallet,” roughly $600,000 at current prices. According to an announcement on the site, Flexcoin “does not have the resources, assets, or otherwise to come back from this loss.” Effective immediately, Flexcoin is closed. […]