Electrum, a popular bitcoin wallet has suffered a denial-of-service attack. The company announced the attack on Twitter, assuring its users that its developers were working on a “more robust version of the Electrum server.” It also advised its users to disable auto-connect and select their servers manually. The source of […]
Tag: bitcoin hack
Inside Jobs Dominate as Crooks Steal $1.7 Billion in 2018, 360% Higher Than 2017
Last year was the worst yet in regards to crypto crime, a new report reveals. The industry lost more than $1.7 billion to crypto crooks, three times the 2017 tally. In what has become an ever-evolving menace, the thieves have continued to refine their methods. Crypto exchanges are still targets […]
Two Hacker Groups Have Stolen over $1 Billion, Accounting for over Half the Hacks: Report
Hackers have made away with billions of dollars in the past few years. And as it turns out, it may have been primarily the work of two criminal groups. A new report by Chainalysis revealed that the two groups have stolen over $1 billion in successful heists in recent years. […]
Not Your Usual Crypto Theft: Burglar Steals ATM Machine From L.A Bakery
By now, you’ve been accustomed to hearing about theft in the crypto industry. Hackers have made away with billions of dollars, with exchanges being the target of choice for these criminals. However, in Los Angeles, a burglar went the old school way and stole the entire Bitcoin ATM. The incident took […]
Kraken Is The Safest Exchange, OKEx, Huobi Pro And Bitstamp Among The Riskiest: Report
With crypto exchanges being a favorite target for hackers, placing your cryptos at the safest hands should be a priority for any crypto investor. And according to a report by cyber security firm Group IB, the safest exchange is the long-serving U.S-based exchange, Kraken. The report considered a variety of […]