Malevolent attackers have run away with more than $40 million worth of Bitcoin (around 7,000 BTC) from United States based cryptocurrency exchange Binance. Hackers used several hack techniques to make this extensive security breach on May 7, 2019.
Hackers have taken advantage of the digital and embryonic nature of the cryptocurrency industry, and led both crypto exchange companies and users to shed tears. Now, CoinBene, one of the leading exchanges on the market according to coinmarketcap (CMC), has announced that it wasn’t hacked. The company was only carrying out maintenance - so it tells its users not to be worried.
The latest update from Cryptopia shows that a “read-only” site for all existing users will be live on Tuesday this week. According to the update, the current customers are advised to use the site in order to reset their passwords and 2FA credentials to get ready for the live relaunch of the crypto exchange platform. Existing users at this time can’t trade, deposit, or withdraw their funds.
After the hack that saw over $16.2 million illegally stolen from New Zealand’s hacked cryptocurrency exchange, police in New Zealand has given the go-ahead to Cryptopia, a crypto exchange that was recently hacked, to reopen and start operating at any time it's ready, according to a report on Wed February 13, 2019, by the New Zealand Herald, a local news outlet.
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 bankruptcy court in Florence, Italy has demanded Francesco Firano, the owner of Italian cryptocurrency exchange BitGrail, to quickly repay losses incurred by users during a hack that saw around $170 million worth of Nano (XRB) crypto stolen.
Cryptopia – a crypto exchange platform based in Switzerland, was badly hacked on Monday, January 14, 2019, and has again faced another significant loss of money from the same hackers, just 2 weeks later.
Binance, the biggest cryptocurrency exchange in the world in terms of trading volume, has frozen funds which were maliciously stolen from the hacked Cryptopia digital currency exchange earlier last week.
Ethereum Classic (ETC), a byproduct of the globe’s second most famous cryptoasset, has been hit by several big attacks on its blockchain technology network. Anonymous hackers vanished with over $1.5 million (approx. £1.2m) by conducting a 51% attack on Etereum Classic’s rudimentary technology. At the time of press, ETC is exchanging hands at $4.68 USD (-7.15%).