UK Crypto Exchange Exmo Hacked, Estimates Presume Platform Lost $10.5 Million

U.K.-based cryptocurrency exchange Exmo detailed on December 21, 2020, the firm had “detected suspicious withdrawal activity” and halted withdrawals. Exmo said a security audit report revealed “large withdrawals” of bitcoin and five other cryptocurrencies. Analysts estimate that Exmo may have lost over $10 million from the hot wallet breach. On Monday, the U.K.-registered digital currency trading platform Exmo disclosed it suffered a loss “some amounts of BTC, XRP, ZEC, USDT, ETC, and ETH.” According to the exchange, team members monitoring the hot wallets “spotted some large withdrawals” at approximately 2:27:02…

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You get hacked, they get hacked, everyone gets hacked, Nov. 11-18

If people actually used insurance against hacks, this week would definitely have bankrupted a great many insurers. A total of four flash loan-enabled exploits were registered in the span of one week (one of them actually happened the week before, but nobody noticed until later). We have, in order, Cheese Bank with a $3.3-million theft, Akropolis with its $2-million loss, Value DeFi with a whopping $6-million exploit, and finally Origin Protocol’s loss of $7 million. In total the hackers stole $18.3 million, which admittedly is not that much — less…

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European Crypto Exchange Hacked for $5.4 Million in Bitcoin

Eterbase, a Slovak cryptocurrency exchange, revealed Thursday that it had been hacked for $5.4 million. Cyber-criminals broke into six hot wallets containing bitcoin, ethereum, algo, ripple, tezos, and tron, stealing everything, it said. Hot wallets are active digital asset accounts connected to the internet. Eterbase used these wallets to facilitate day-to-day trading activities on its platform. However, hot wallets tend to be susceptible to hacks on account of their being connected to the internet. “Law enforcement authorities have been informed and we will assist as much as we can in…

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European Bitcoin Exchange Hacked for $1.4 Million, Claims It Cannot Afford to Repay Users

2gether, a Spanish cryptocurrency trading platform, has been hacked for about $1.4 million and company executives claim that they do not have the money to repay customers. Chief executive officer Ramon Ferraz Estrada said over the course of several tweets on Monday that the breach of July 31 affected crypto investment accounts and exposed user private keys. A separate announcement later expressed the exchange’s doubts over reimbursing the stolen funds, citing a lack of financial capacity. Instead, company officials offered customers the bourse’s native 2GT token as full compensation. “In…

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Popular Indian Youtube Channel Hacked to Promote Bitcoin Giveaway Scam

Following the massive Twitter breach that saw many high-profile accounts tweet about a bitcoin giveaway, a popular Indian Youtuber now claims that his Youtube channel was hacked for the same purpose. Hackers replaced some content in Carry Minati’s videos to promote a bitcoin giveaway. Popular Indian Youtube Channel Taken Over to Promote Bitcoin Giveaway Scam Ajey Nagar, also known by his channel name Carry Minati, announced on social media Friday that his Youtube channel with 6.7 million subscribers was hacked. “My channel Carryislive has been hacked, need immediate assistance,” Minati…

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Elon Musk and Bill Gates Twitter Accounts Apparently Hacked By Bitcoin Thief

Elon Musk’s Twitter account was apparently hijacked today following a series of attacks on cryptocurrency-related accounts, including major exchanges such as Binance, and U.S.-based Coinbase, and Gemini. Other handles compromised included the @Bitcoin Twitter account. Musk’s account pinned a tweet to his feed at 4:17pm ET which suggested that the entrepreneur would double any Bitcoin sent to a wallet address. Musk has, in the past, discussed cryptocurrencies on his Twitter feed, suggesting that he owns 0.25 Bitcoins. Scammers have been known to use this technique to dupe Bitcoin owners into…

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High Court Delivers Judgement on User Assets at Hacked Exchange Cryptopia

Hacked cryptocurrency exchange Cryptopia today informed its users that the High Court of New Zealand has delivered its judgment on the status of their compromised assets. In a tweet thread published on April 8, the exchange shared the 74-page court document detailing the judgment, summarizing: “Today, 8 April 2020, Justice Gendall delivered his judgment finding firstly, cryptocurrencies are “property” […] and secondly, that account holders’ cryptocurrency were held on multiple trusts, separated by individual crypto-asset type. This means that the cryptocurrencies are beneficially owned by the account holders and are…

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Decentralized Lending Protocol bZx Hacked Twice in a Matter of Days

Decentralized finance (DeFi) proponents are taking a hard hit after decentralized lending protocol bZx saw two successful hacks just days apart with losses totalling around $954,000. According to bZx’s report, the protocol was compromised for the first time on Feb. 14, when the team was at the ETHDenver industry event. The second attack, according to industry news outlet The Block, took place on Feb. 18. The first attack’s procedure The attacker used multiple DeFi protocols to lend and swap significant quantities of Ether and wrapped Bitcoin (WBTC) — a token…

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