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16Dec By reutersNo Comments

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North Korean Hackers Behind Attacks On Cryptocurrency Exchanges, South Korean Newspaper Reports

South Korea’s spy agency said North Korean hackers were behind attacks on cryptocurrency exchanges this year in which some 7.6 billion won ($6.99 million) worth of cryptocurrencies were stolen, a newspaper reported on Saturday. The cyber attacks attributed to North Korean hackers also included the leaking of personal information from 36,000 accounts from the world’s busiest cryptocurrency exchange Bitthumb in June, South Korea’s Chosun Ilbo reported, citing the country’s National Intelligence Service (NIS). Attacks also included the theft of cryptocurrencies from accounts at exchanges Yapizon, now called Youbit, and Coinis in April and September, it said. The 7.6 billion won of stolen cryptocurrencies are now worth about 90 billion won ($82.7 million), Chosun Ilbo reported. It al...

Hackers Steal $79 Million In Bitcoin From Crypto Marketplace NiceHash

Another Bitcoin security breach costed $79 million to a cryptocurrency exchange site NiceHash. NiceHash posted the theft on Facebook: In the breach, $79 million worth of bitcoin was stolen by hackers from NiceHash's servers, in a scenario where Bitcoin reaches to almost $16,800. "In addition to undertaking our own investigation, the incident has been reported to the relevant authorities and law enforcement and we are co-operating with them as a matter of urgency," NiceHash said in the post. Andrej Škraba, marketing head of NiceHash told WSJ that 4,700 bitcoins were stolen from the company's Bitcoin wallet. The hackers hacked the account in a single swipe and the worth of loot will keep increasing as the price of Bitcoin climbs up. The volatile behaviour of Bitcoins is ce...

Bitcoin Takes A Dent After $31M Theft Of Cryptocurrency Peer Tether

Bitcoin just passed the $8000 for the first time this week, but it didn't land quite well for Tether, a platform that helps in exchanging flat currency to tokens, reported a theft by hacker on Tuesday. It said in a statement that “through malicious action” attacker snatched tokens from the Tether Treasury wallet on 11/19 and sent them to an unauthorized bitcoin address. The company said it is working to prevent its entry back in the ecosystem. The company for now has flagged the token and is trying to track it. The latest hack has fueled the concern on Wall Street about whether these "coins" are secure enough to enter the mainstream market. Tether, with a market capitalization of around $670 million, is the world’s nineteenth most-valued virtual currency, according to data on Coinmar...