Bancor $12M Hack Sparks Backlash Over ‘Decentralization’ Claims

Cryptocurrency industry commentators have poured scorn on decentralized exchange platform Bancor after hackers stole around $12 million July 9. Bancor Hack Cause Remains Unknown Bancor, which shot to fame in 2017 when it raised over $150 million in three hours during its ICO, confirmed the hack in an update Tuesday. Malicious parties originally attempted to […]

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Bithumb Hack: Exchange Confirms It Will Reimburse All Users

Wilma Woo · June 21, 2018 · 8:00 am South Korea’s largest cryptocurrency exchange, Bithumb, has confirmed that it indeed lost 35 billion won ($31.4 million) in this week’s high-profile hack — which it will repay to users in full.  Bithumb: Amount Lost Could ‘Decrease’ In an update posted on June 21, the Bithumb said it […]

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51% Percent Attacks: Hacking a $2 Billion Dollar Cryptocurrency for Less Than $1.5 Million

Matthew Hrones · May 27, 2018 · 7:00 am Some PoW currencies are using the same mining algorithms as their larger counterparts, making it much easier to hack the smaller networks with a 51% attack. Network Security Blockchain technology is revered as being a completely secure system, but that isn’t necessarily the case. The tech […]

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Entersoft – a New Weapon in the Fight Against ICO Scams?

Nikita Blows · April 21, 2018 · 4:00 am Brisbane-based platform Entersoft is providing comprehensive security solutions for the ICO industry, saving these companies from the threat of hacks and scams. Even though 2017 was the year of the crypto, the ICO industry enjoyed a major ripple effect. Startups were springing up and raising millions in […]

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Coincheck to Reimburse $425 Million to Users After Hack

Jeff Francis · January 28, 2018 · 5:15 am Japanese crypto exchange Coincheck announced that it would reimburse roughly $425 million to its users affected by the recent hack. Usually when a cryptocurrency exchange is hacked, its users are out of luck. Valuable coins that have been stolen are never seen again, leaving users with […]

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