Blockchain 

Bitcoin (BTC) and Ethereum (ETH) Plummet Due to Coinrail Hack ‘FUD’

Bitcoin (BTC) and Ethereum (ETH) Plummet – Over the weekend, $42 billion was wiped off the cryptocurrency market as FUD spread over a small North Korean exchange hack. Coinrail announced the hack via their website calling it “system maintenance.” The small Korean exchange stated that these hackers stole up to 30% of the digital tokens in its storage. Coinrail confirmed that the remaining 70% had been safely moved to a cold wallet and remain unharmed. A newly launched Pundi X (NPXS) makes up nearly two-thirds of the exchanges trading volume,…

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Blockchain 

$6.4 Milllion USD Worth of FSN Tokens Stolen in Fusion Network Hack

Fusion Network, a blockchain-based stablecoin exchange, has announced that $6.4 million USD worth of FSN tokens have been taken from a compromised wallet. The foundation in charge of the network revealed the theft in a blog post on Saturday, September 28. The post stated that one of the network’s wallets, containing 10 million of the Fusion Network’s native FSN tokens and 3.5 million ERC-20 FSN tokens had been emptied. The blog post went on to suggest that the theft may have been an inside job: “There is uncertain evidence showing that theft…

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Blockchain 

Chipmixer Used to Launder BTC from Recent Binance Hack

On May 8, major crypto exchange Binance was the victim of its second major hacking. On this occasion, the thief/thieves made off with 7,000 Bitcoin, which valued at approximately $40 million USD at the time. (That same amount of BTC is worth almost double that at current rates.) Now, several months on, it has been discovered that at least 4,836 Bitcoin of that stolen loot was laundered through crypto mixing service Chipmixer. Stolen BTC Laundered through Chipmixer After Binance was hacked, the stolen coins were moved to seven addresses. Then, according…

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Cryptocurrency 

The GateHub Hack | More Than 100 XRP Ledger Wallets Affected

In the crypto space, it’s not uncommon to see a crypto wallet get hacked. It’s unfortunate, of course, but not unusual. And the latest crypto wallet hack came this week. On Thursday, GateHub said more than 100 customers have had their ledger wallets hacked, resulting in their funds being stolen. Here’s everything we know. GateHub Hack: What We Know On Thursday, June 6, GateHub published a “preliminary statement” on its blog. In the post, the crypto wallet said more than 100 customers have had funds on their XRP Ledger wallets…

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Blockchain 

Binance Hack | Hackers Make Off With $40 Million in BTC

According to Bloomberg, major cryptocurrency exchange Binance has suffered another hack. This time the hackers withdrew 7,000 Bitcoin, which values approximately $40 million USD. This is the second major breach the exchange has faced, the first being an incident in March 2018. A notorious issue in the crypto-space, hacks have claimed $1.7 billion USD in 2018 alone. Binance Hack Via a post on its website, the exchange said that the hack occurred through a single transaction in a “large scale security breach.” It furthered that the hackers used a “variety…

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