NZ: Hacked Crypto Exchange Cryptopia Reopens its Trading Services

The New Zealand (NZ)-based Cryptopia, a cryptocurrency exchange platform that was badly hacked two times in one month of January 2019, has declared that it has officially resumed its normal trading activities. The exchange recommenced trading on 40 trade pairs more than 60 days after losing millions of dollars to hackers. Using their official Twitter…

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Cryptopia Outlines Rebate Plan And Trading Resumption Timeline

The exchange has given affected users Cryptopia Loss Markers as a record of stolen funds, but there’s still a long way until reimbursements are issued. After relaunching its website in a read-only format earlier this month, the New Zealand-based cryptocurrency exchange, Cryptopia, has now published a statement outlining the exchange’s plan to rebate users who…

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Gatecoin Closes Its Gates As The Exchange Is Ordered To Liquidate Assets

A hack and three frozen bank accounts wasn’t enough to make Gatecoin let it go, but it could only handle so much bad luck. Hong Kong-based cryptocurrency exchange Gatecoin has published a statement on its website informing users that the exchange has received a winding up order from an unnamed court, meaning it has been…

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Cryptocurrency Inheritance Problem to Be Solved by Italian Startup

Italy is open to innovations and cryptocurrency adoption due to its security and decentralized nature. Indeed, the only way one can get access to crypto funds is possessing an alphanumeric private key. However, even such a good solution has its dark side. It is impossible to gain access rights to cryptocurrency funds in case their…

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New Zealand Authorities Make Progress Investigating Cryptopia Hack

New Zealand Police continue to excellently investigate the Cryptopia hack that took place on Monday, January 24, 2019. Via an official press release, the Police revealed on Feb 7, that the probe is progressing on well. Cryptopia is a cryptoasset exchange that is based in New Zealand. The exchange also saw more than $180,000 worth…

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Crypto news summary [Jan 16th] – Tron with New Partnerships, Cryptopia Hack and more

Tron gets another boost in the crypto space as Ripple and XRP related drama escalates. The day also saw updates from Venezuela as well as the American SEC. Watch the video to find out more.  Source: Read Full Article

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Cryptopia Goes Offline After Hack Causes Major Losses

The exchange involved in launching New Zealand’s dollar-pegged cryptocurrency has reported a security breach, suspending trading services until further notice. New Zealand-based crypto exchange Cryptopia today tweeted that the exchange had gone offline after a hack on January 14 that resulted in “significant losses.” Initially, the exchange had tweeted throughout January 13 and 14 that…

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Cryptopia Confirms Hack yet Total Financial Losses Remain Unclear

The cryptocurrency industry is subject to a lot of attention by criminals and hackers. This has caused many problems in the past, yet also affects present proceedings. The latest victim in this regard is Cryptopia, one of the more prominent altcoin exchanges. After a recent incident, the team confirmed someone accessed specific information and funds…

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Hardware Hacking: How To Secure Your Trezor Wallet With Passphrase

A group called wallet.fail gave a presentation on how to hack cryptocurrency hardware wallets at the 35th Chaos Communication Congress. While all attack vectors required physical access, worryingly, the group demonstrated scraping the seed and PIN from Trezor RAM. So is there any way to truly protect your lovely bitcoin? Lines Of Attack The group found ways…

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Bitcoin Mining Attack Causes University to Shut Down Network

St. Francis Xavier University in Nova Scotia was forced to shut down their entire network due to a Bitcoin mining attack. The focus on cryptocurrency mining is on large corporations that have entire farms devoted to digging for digital gold. Yet there is a good deal of profit to be made from illicit crypto mining…

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Coincheck Resumes Services Following Major NEM Theft in January

The year 2018 has not been overly pleasant for the Coincheck exchange. After suffering from a major hack, the company had to overcome a big deficit. In more positive news, the platform was acquired by Monex Group earlier this year. Customers will soon be able to access cryptocurrency services again and register new accounts. Coincheck…

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Zaif Cryptocurrency Exchange Shuns new Users Following $60m Hack

2018 has been quite interesting for cryptocurrency exchanges. A lot of companies saw a new influx of additional customers, whereas other platforms fell victim to severe hacks. Zaif, the most recently hacked major trading platform, is now suspending the registration of new user accounts. Zaif Shuts the Door on New Users It is never a…

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Cryptocurrency Used by Russian Hackers, US Department of Justice Claims

Bitcoin (BTC) and other digital coins were part of Russian intelligence agents’ efforts to hide their traces while attacking World Anti-Doping Agency and other entities, a US indictment has revealed. Kremlin-backed hackers working for Russia military intelligence (GRU) utilized cryptocurrency as part of their activities around the globe in an attempt to hide their links…

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54% of Cryptocurrency Exchanges Have Security Holes

Traders hope and expect the exchange they’re trading on takes security seriously. But while all crypto platforms pay lip service to good cybersecurity practices, many fail at even the most basic measures such as enforcing strong passwords. New research has found 54% of all cryptocurrency exchanges have poor security in at least one area, leaving…

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Facebook's muddy response to last week's hack may become the new norm

Facebook announced Friday that as many as 50 million accounts could have been subject to takeover by unknown attackers, but executives said they had few additional details while an investigation is pending. The company has not yet said who may have had their accounts taken over or personal details stolen, with CEO Mark Zuckerberg repeatedly…

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Japanese Regulators Urgently Respond to Zaif's Hack

Following the hack of Zaif, one of Japan’s regulated crypto exchanges, the country’s financial regulator immediately responded, launching an emergency inspection of the exchange and a survey of all other crypto exchanges. Finance Minister Taro Aso has also commented on the situation. In addition, the recently established self-regulatory body has asked all exchanges to inspect…

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$60 Mln Crypto Exchange Hack in Japan had no Impact on Bitcoin Price

Another hacking attack has hit a known crypto exchange in Japan, and this time, thieves managed to steal around $60 million in crypto. Another Crypto Exchange Hack The popularity of attacks on crypto exchanges seemingly continues to grow, with another such exchange being hit just recently, in Japan. It is largely believed that such incidents…

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Japanese Regulated Exchange Zaif Hacked – Nearly 6000 BTC Stolen

Japanese government-approved cryptocurrency exchange Zaif has confirmed that it has been hacked. After a preliminary investigation, the exchange says at least 5,966 BTC have been stolen, with an estimated total damage of $60 million. Some of the stolen coins belong to the exchange but the majority belong to customers. Zaif Hacked Japanese crypto exchange Zaif…

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Exclusive: John McAfee says Bitfi hack was a “failed hack attempt” after company removes ‘unhackable’ tag

Over the months of July and August, there was a new wallet that raised a lot of eyebrows. The wallet, known as Bitfi, advertised itself as being “unhackable”, thus driving a whole team of security researchers in stripping the wallet’s every component down and compromising its security. John McAfee, the former founder of McAfee Inc….

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MEGA File-Sharing Service’s Chrome Extension Hacked, Cryptocurrency Accounts Compromised

A hacker uploaded a malicious version of the extension onto the Chrome Web Store. MEGA, a New Zealand-based cloud storage and file hosting service, recently issued a security warning regarding a “trojaned” version of its extension that an unknown attacker uploaded to the Chrome Web Store. The malicious update, version 3.39.4, asked for permission to…

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