Ripple Assails the SEC, Claims the $1.3 billion Lawsuit is an ‘Attack on the Entire Crypto Industry Here in the United States’

Ripple has hit back at the U.S. Securities and Exchange Commission (SEC), accusing it of creating more uncertainty and failing in its duty to protect the crypto community. In panning the SEC’s decision to designate its XRP token as a security, the company claims the regulator’s lawsuit against it amounts to an attack on the entire crypto market in the US. XRP Token Holders Affected The latest comments by the Ripple team follow reports of the delisting of the XRP token by Coinbase. In a short statement released on December…

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Hackers Demand Over 1,800 BTC From Electronics Giant Foxconn After Ransomware Attack

A multinational electronic giant and a well-known manufacturer of Apple products is the latest victim of a millionaire ransomware attack deployed over the Thanksgiving weekend on one of its branches. Apple’s Manufacturer Is the Latest Victim of Well-Known Ransomware Gang Foxconn, a publicly-traded Taiwanese company and one of the largest electronics manufacturing firms, suffered a cyberattack deployed by Doppelpaymer, a group of hackers specialized in ransomware attacks, who asked for a 1,804 bitcoin (BTC) ransom, worth over $34 million as of press time. According to Bleeping Computer, threat actors managed…

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Hash War: Mystery Miner’s Empty Block Attack Makes ABC’s New Blockchain Almost Unusable

According to various reports, the Bitcoin ABC pro-IFP chain has been under ‘attack’ for a number of consecutive days now. The mystery miner has been mining a great number of sequential blocks, but almost all of them have been empty. The miner who calls himself ‘Voluntarism.dev’ says the mining operation is a group of “old-guard miners,” and claims they can mess with the minority ABC chain for years. ‘The Price of Freedom Is Steep’ The cryptocurrency community has been watching the aftermath of the recent blockchain bifurcation, which saw the…

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Grin Network Victim of 51% Attack, Unknown Miner Commands 58% of the Hashrate

The privacy-centric cryptocurrency network Grin (GRIN) has been the victim of a 51% attack according to a number of reports. Allegedly an unknown entity gained control of over 57% of the network hashrate on Saturday. According to the Grin website, the team is recommending people wait for “extra confirmations on transactions for payment finality.” On November 7, 2020, a mining pool dedicated to the Grin (GRIN) network informed the cryptocurrency community that the blockchain was under attack. “Grin network is under [a] 51% attack,” the mining pool called “2miners” tweeted.…

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Vitalik Buterin reveals why a 51% attack on ETH 2.0 ‘would not be fatal’

Ethereum co-founder Vitalik Buterin has dismissed concerns that a 51% attack on Ethereum 2.0 would be ‘fatal’.  The scenario emerged as a result of the burgeoning popularity of Yearn.finance’s yETH vault which has already amassed more than 137,000 ETH on its first day. Arcane Assets’ Chief Intelligence Officer Eric Wall suggested this mean the yETH vault admins will probably end up controlling enough Ether to theoretically launch an attack on Ethereum 2.0: ITT: We come up with fun ways yETH vault strategists can take advantage of the fact that yETH…

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Tesla Foils Ransomware Attack After Employee Rejects Bitcoin Bribe Worth $1 Million

Tesla’s Elon Musk has said the company recently foiled attempts to infect its computer network with malicious software, after an employee cooperated with the FBI in an investigation. The malicious software would create an opportunity for criminals to extort money from Tesla. Musk’s revelation comes after the United States Department of Justice (DoJ) had brought charges against a Russian national, Egor Igorevich Kriuchkov, 27. Although the U.S. government is not naming the targeted corporation in the sealed court documents, Musk in a tweet, confirms that Tesla was the intended victim…

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Ethereum Classic Suffers 51% Attack Again: Delisting Risk Amplified

Beleaguered Ethereum Classic (ETC) blockchain suffered yet another 51% attack on August 29. The latest attack caused the reorganization of over 7,000 blocks and this corresponds to approximately two days of mining. At the time of reporting, it was not clear if there had been any double-spending as was the case in the last attack. In that attack, it was reported that the Okex exchange suffered a loss of $5.6 million directly as a result. A statement revealing the attack adds that “all lost blocks will be removed from the…

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Darknet Giant Empire Market Offline for 36 Hours, Blame Cast at Massive DDoS Attack

According to a number of sources, one of the largest darknet markets in the world, Empire Market has been offline for well over 36 hours. The researcher and analyst Dark.fail has been tweeting about the subject, as the market hasn’t been down for this long since 2019. It seems the popular darknet market (DNM) Empire has been down for well over a day and a half now, and ever since it went offline DNM patrons have been edgy. On Sunday, August 23, 2020, the Reddit forum r/darknet with its 127,000…

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Telecom Argentina S.A Hit by Major Ransomware Attack, Criminals Demand $7.5M Worth of Monero

Telecom Argentina S.A has been hit by a ransomware attack and the cyber-criminals are demanding $7.5 million paid in the privacy coin monero. The Spanish language site, elperiodista.com quotes anonymous employees stating that the attack started last Wednesday. Initially thought to be a small IT problem, the cyber-attacks have reportedly crippled the company’s IT systems. Employees also told the publication that the company has advised workers not to open any files or emails. In a July 18 Twitter post by one user, Alex Kruger, the cybercriminals are threatening further action…

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Ethereum Challenges Hackers to Attack Proposed 2.0 Networks

The Ethereum Foundation has launched public “attack networks” for Ethereum 2.0 based on existing stable clients. The networks are designed to give security researchers a sandbox environment where they can try to break Ethereum 2.0’s networks by exploiting potential issues in the clients. Currently, there are two “beta-0” attack networks based on the Lighthouse and Prysm clients, built respectively by Sigma Prime and Prysmatic Labs. According to the announcement released on Monday, the attack networks are “real networks,” though they present some limitations. Notably, only four nodes have been deployed…

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