Tag: hack

How a Trader Lost $1,200 in 100 Seconds

A fool and his money are soon parted. When it comes to dealing with cryptocurrency, it’s important to know exactly what you’re doing. However, not only new crypto users fall victim to lurking predators, even a crypto OG will slip up once in awhile. Here’s a story about a reddit user – tycooperaow – losing over $1,200 in a matter of seconds. It all started with a mnemonic passphrase that was accidentally …
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Part of the Funds Stolen Through the Upbit Hack has Moved to Binance

In the cryptocurrency world, several exchanges have lost money for a wide variety of reasons. Upbit lost 342,000 Ether in 2019, yet it seems some of the funds may be cashed out fairly soon. It is not uncommon for crypto exchanges to be hacked or drained. Upbit Funds Moves to Binance Although one would expect things to be different after 10 years, that is far from the case. Upbit lost …
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The Full IOTA Network Incident Report has been Released

The recent incident affecting the IOTA network still leaves many people surplussed. A full incident report has finally come to light, which puts things in their proper perspective.  It is rare for a cryptocurrency network to be halted completely. Documenting the IOTA Network Hack This is especially true when it comes to developers causing this situation. In the case of IOTA, the developers decided to take this action following a …
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What We Have Learned From The Altsbit Hack

Last week Altsbit, a centralized crypto exchange based in Italy, announced that it had been breached, and it would be closing down after losing most of the user funds it held, including BTC, ETH, ARRR, and VRSC. Even though a small part of the funds stored in cold wallets was left untouched, the hack effectively ended the life of the exchange, which was only a few months old.  In total, …
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