All the Things You Need to Know about Sim Swap Hack

The sim card, that small plastic chip tailored to fit into the phone's sim card reader, plays the role of notifying one's cellular device on which cellular network to connect to. It also informs the network provider on which phone number a user will be utilizing. Due to the nature of mobile cellular devices, they are usually prone to be lost. This necessitates switching all these details to a new subscriber identity module (sim) card, increasing ties between one's phone…

Hackers Stealing $10 Million Monthly From Defi Protocols In 2020

According to the latest reports, hackers are stealing an average of $10 million monthly from Decentralized Finance (DeFi) protocols. CipherTrace, a blockchain analytics platform, revealed this information today in a comprehensive report on the crypto space. DeFi Protocols A Major Target For Hackers According to the report, 40% of all crypto hacks in the first half of 2020 was targeted at DeFi protocols and exchanges. This resulted in a total loss of $51.5 million from January to June from these…

Hackers demand for Monero after Seizing Donald Trump’s Campaign Website

Hackers briefly gained access to US President Donald Trump’s campaign website and posted a cryptocurrency scam campaign. As per reports from Forbes, the attack took place shortly before 4 PM Pacific time. The hackers most likely seized access to the backend of the website to gain control of the website. After gaining control, they posted a message on the about page beneath an FBI parody image claiming. ‘’this site has been seized’’. The world has had enough of the fake…

Why Installing A Crypto Wallet On A Rooted Phone Is A Bad Idea

In July 2017, about $32.6 million worth of ether tokens were stolen, while in 2019, hackers raked in more than $4BN in cryptocurrency through multiple scamming techniques. Millions of others are lost every year from hacking attacks. Cryptocurrency is often seen as the most secure mode of payment. However, recently, data breaches and malware attacks were observed in Bitcoin and Ethereum blockchains and noted to be caused by insecure systems. Although system loopholes are sometimes to be blamed, crypto wallet…

Hackers Have Moved Bitcoin Worth $4 million Stolen From Bitfinex in 2016

Part of the Bitcoin stolen by hackers from a hack against cryptocurrency exchange Bitfinex in 2016 has been moved. The hackers did not touch the funds worth millions of dollars for about four years. The movement of the funds was noted by Whale Alert, a Twitter bot that tracks the movement of large trades. It was carried out in twenty transactions and the value of each transaction was between 18 and 33 Bitcoin. The transaction with the lowest value was worth $184,868 while the highest was worth…

Coinsquare Hacker Reveals Plan To Steal Bitcoin

Someone or group stole users’ personal information from Canada-based cryptocurrency exchange and intends to use it to carry out a wave of SIM swapping attacks. The pseudonymous hacker spoke to media outlet Vice in an online chat on June 2. Based on a report by Vice, the perpetrators said they originally had the intention of selling the data but discovered that more money would be made by SIM swapping the accounts When it comes to SIM swapping, it has to do with cloning someone’s…

A Thousand Corporate Systems Infected With XMR Mining Malware

Hackers continue to inject malware through various means into computer systems of unwary individuals and organizations to mine cryptocurrencies. It seems a cryptocurrency mining malware has infected thousands of enterprise systems, based on the discovery of malware analysts from cloud security company Red Canary. The cryptocurrency mining malware is said to be operated by a group tracked under the codename of Blue Mockingbird. The activities of the Blue Mockingbird group seem to have started since December last year, based on Red Canary's…

Number of Reports Regarding Bitcoin Extortion Surged By 1300 Percent

It seems scammers are leveraging the current situation surrounding COVID-19 pandemic to swindle more people as more users filed reports on Bitcoin extortion last month. Reports filed by users of BitcoinAbuse.com database surged by 1,300 percent in April. People are allowed to report suspected criminal cases related to Bitcoin extortion on BitcoinAbuse.com. According to the website’s founder Alan Reed, the website was established in response to the WannaCry ransomware. Since the beginning of this year, 68,000 reports with 21,000 unique Bitcoin addresses…