A Bitcoin exchange bug sees one user try to cash out $20 trillion

As much as cryptocurrencies like Bitcoin might have an inherent volatility that encourages investors to jump on great opportunities, exchange bugs aren’t one of them. In the case of Japan’s Zaif exchange accidentally setting Bitcoin prices to $0, one enterprising investor attempted to pull out 2,200 trillion yen from the service, or around $20 trillion. […]

Tesla cloud account hacked to mine cryptocurrency

With the prices of cryptocurrencies like Bitcoin, Etherum etc. skyrocketing, using miners to mine them on victim’s computers has become favorite vector among cybercriminals. Earlier hackers have been found to be using browser extensions to run such malicious scripts but now even the top tech company clouds are being used. The victim this time is Tesla […]

We’re All Crypto Miners Now: Hacking Epidemic Churns Out Monero

There’s a chance your computer or phone is quietly producing a cryptocurrency called Monero. Criminals looking to commandeer massive processing power to unlock new Monero coins have unleashed an epidemic of malicious software that burrows deep into victims’ web browsers to surreptitiously run calculations. A security researcher discovered the latest attack last weekend, finding the […]

Bitcoin thieves use Google AdWords to target victims

Researchers have uncovered a Bitcoin-stealing cybercriminal gang that has stolen millions of dollars by exploiting Google AdWords. On Wednesday, cybersecurity experts from Cisco Talos revealed that with the help of the Ukraine Cyberpolice, the team has been able to track and monitor the group over the past six months. In a blog post, researchers Jeremiah […]

Ransomware: Why the crooks are ditching bitcoin and where they are going next

While bitcoin has recently found itself in the public eye thanks to its rocketing — and, more recently, plummeting — value, it hasn’t appeared from nowhere. The blockchain-based cryptocurrency — the first decentralised payment method of its kind — first appeared in 2009. However, for over half a decade, it didn’t receive much attention outside […]

LoopX pulls exit scam, walks away with $4.5m in investor cryptocurrency

LoopX has pulled an exit scam after launching a series of Initial Coin Offerings (ICOs) which earned the startup roughly $4.5 million. The cryptocurrency startup promised to give traders consistent, high returns for investing in a proprietary trading algorithm. According to a cached version of the LoopX website — which has now gone dark — a series […]

What is cryptojacking? How to prevent, detect, and recover from it

Cryptojacking is the unauthorized use of someone else’s computer to mine cryptocurrency. Hackers do this by either getting the victim to click on a malicious link in an email that loads cryptomining code on the computer, or by infecting a website or online ad with JavaScript code that auto-executes once loaded in the victim’s browser. […]

Mac crypto miner distributed via MacUpdate, other software download sites

Software download site/aggregator MacUpdate has been spotted delivering a new Mac crypto miner to users. Stealthy cryptocurrency miners are most often aimed at Windows and browser users (e.g., the Coinhive script), but no one is safe: neither Linux users, nor Mac users, even though cryptocurrency-mining malware targeting Mac machines is a relatively rare occurrence. The first instance […]

Scammers steal nearly $1 million from Bee Token ICO would-be investors

Another day, another ICO-related scam. In an attack similar to that which fooled investors into the Enigma cryptocurrency investment platform, users who were aiming to buy Bee Tokens during a Token Generation Event (i.e., an initial coin offering) were tricked into sending the money to scammers instead. Beenest is a home-sharing network built on top of a set […]

The new gold rush: A look inside cryptocurrency fraud

Cybercriminals are flooding to the new world of cryptocurrencies looking to exploit the boom in interest and adoption of these electronic currencies, according to Digital Shadows. This new gold rush is creating a new frontier for professional cybercriminals moving away from less profitable techniques and exploits to make money on the back of the huge […]