Cryptocurrency users have become painfully aware of SIM swapping attacks. Even the US Congress is now growing concerned over this thriving problem. Consumers have little to no resource when a SIM swapping attack is performed successfully. Who Will Solve the SIM Swapping Problem? They lose access to a mobile phone […]
Tag: Theft
What is BitcoinAbuse?
The association between Bitcoin and criminal activity cannot be ignored. Criminals favor cryptocurrency due to its wrongfully perceived anonymity. Thankfully, numerous services try to address that situation. BitcoinAbuse is a very intriguing and noteworthy service in this regard. Although it largely depends on community participation, no stone should be left […]
Criminals Steal Over $4bn in Bitcoin During First Half of 2019
Criminals are still drawn to Bitcoin. The world’s leading cryptocurrency lacks anonymity and privacy. Even so, it is often used as a tool to hide monetary transactions. The first six months of 2019 have been rather telling in this regard. Over $4bn worth of Bitcoin has been stolen from investors […]
Nearly 1% of the Dash Supply Allegedly Gets Stolen by an Israeli Hacker
In the cryptocurrency world, there has never been a lack of nefarious projects, theft, and hacking attempts. In Israel, it would appear as if a recent indictment is making a fair bit of attention. One citizen has been indicted for stealing nearly 1% of the entire Dash supply to date. […]
Bithumb Blames new Crypto Theft on “Insiders”
It would appear the cryptocurrency exchange industry is far from drama-free at this time. Although there are numerous companies operating without problems, the same cannot be said for Bithumb. Once South Korea’s largest exchange, it has now become a seemingly prone target for hackers and criminals. The company confirmed a […]
The Recent $7.7m EOS Theft can Make the Ecosystem Better
In the cryptocurrency world, stealing funds is nothing new under the sun whatsoever. While most of these thefts involve hacking exchanges or scamming users, it seems the recent $7.7m worth of EOS theft is a bit different. An internal mishap involving the 21 block producers has caused a very unfortunate […]
Top 4 Attack Types For Criminals Looking to Steal Cryptocurrency
Cryptocurrency users are under constant threat from hackers and scammers looking to steal their digital wealth. Even though some incidents are difficult to avoid, it would appear the major security risks still remain in place after many years. The following examples are ranked in terms of reverse popularity among criminals. […]
Top 4 Disappointments of 2018 (So Far)
There’s no simple way to put it. 2018 has been tough for the world of cryptocurrency. As most individuals who are currently invested made their start right before or during the bear market, which has been the longest in crypto since 2014-2015, it’s safe to assume that a large number […]