US Blockchain Investor Terpin Awarded Over $75 Million in SIM Swapping Case

United States blockchain and crypto investor Michael Terpin has won $75.8 million in a civil case against 21-year-old Nicholas Truglia, who reportedly defrauded him of crypto assets. Reuters reported the news on May 10.Per the report, the California Superior Court last week ordered Manhattan resident Truglia to pay the amount above in compensatory and punitive…

Number of Infected Electrum Bitcoin Wallets Reaches 152,000

The number of infected Electrum bitcoin (BTC) wallets has reached 152,000 following an ongoing Denial-of-Service (DoS) attack on its servers. The development was reported by anti-malware software firm Malwarebytes in a blog post on April 29.Malwarebytes discovered that the number of infected machines in the botnet has amounted to as high as 152,000, with the…

Electrum Faces Another Fake Wallet Attack, Users Reported to Lose Millions of Dollars

Bitcoin (BTC) wallet service Electrum is facing an ongoing Denial-of-Service (DoS) attack on its servers, the company reported on Twitter on April 7.According to tech news website The Next Web, the new attack has caused users to lose estimatedly millions of dollars to date, with a single person alone reportedly losing about $140,000.The ongoing DoS…

Mt. Gox CEO Decides to Appeal Conviction on Manipulating Financial Records

Mark Karpeles, former CEO of now-defunct Mt. Gox crypto exchange, has appealed his conviction on charges of manipulating data, The Associated Press (AP) reports on March 29.On March 15, Karpeles was acquitted of charges of embezzlement, but was found guilty of tampering with financial records, with the court stating that he manipulated data to harm…

Report: New Zealand Cryptopia Exchange Hack Continues

Two weeks after it first reported a hack, New Zealand-based cryptocurrency exchange Cryptopia is still compromised by cyber criminals, according to a blog post from blockchain infrastructure firm Elementus on Jan. 29.The exchange suspended services after detecting a major hack that reportedly “resulted in significant losses” on Jan. 15. Cryptopia stated that the hack occurred the…

2018: A Record-Breaking Year for Crypto Exchange Hacks

opinion Eric Larcheveque is the CEO of Ledger, a leader in security and infrastructure solutions for cryptocurrencies and blockchain applications since 2014. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review.  2018 was a record-breaking year. From the number of cryptocurrency exchange hacks, to the amount of assets that were stolen, to the…

Operator of Hacked Crypto Exchange Zaif Gets Third Warning From Japan’s Watchdog

Japan’s Financial Services Agency (FSA) has issued a third business improvement order to the owner of hacked crypto exchange Zaif, Tech Bureau. The news was reported by Cointelegraph Japan today, September 25.As previously reported, as a result of a security breach on the Zaif exchange September 14, hackers succeeded in stealing 6.7 billion yen ($59.7…

Bittrex to Delist Bitcoin Gold by Mid-September, Following $18 Million Hack of BTG in May

Crypto exchange Bittrex will delist Bitcoin Gold (BTG), a hard fork of Bitcoin (BTC), by September 14 following an $18 million hack of the BTG network in May, The Next Web reported September 3.Founded in 2017, the hard fork cryptocurrency Bitcoin Gold has suffered a “double-spending” hacking attack that reportedly allowed the unknown hijackers to…