Cryptocurrency exchange loses millions in heist

Bithumb believes that, unlike in past incidents, this theft was the work of rogue insiders. Major South Korea-based cryptocurrency exchange Bithumb has announced that it was hit by a heist that impacted its own virtual coins. The exchange didn’t say how much was lost. However, ZDNet wrote that cryptocurrency insiders tracked down the outgoing transactions from Bithumb’s wallet address, … More Cryptocurrency exchange loses millions in heist

South Korea’s largest cryptocurrency exchange hacked

Bithumb has claimed that $31.5 million worth of virtual coins were stolen by hackers. South Korea-based cryptocurrency exchange Bithumb briefly suspended its deposit and withdrawal services after hackers stole over $30 million worth of virtual currency, the company said on Wednesday. The exchange, which is based in Seoul, conveyed the message to its followers on … More South Korea’s largest cryptocurrency exchange hacked

Tank-traps versus trappings in virtual currencies: A cybersecurity minefield

Virtual currencies have been the talk of the town of late — including that of the ‘online town’, judging by 2017’s top-trending search terms on Google. And, in a way, rightly so, given the genuine bumper crop of events that 2017 yielded in this burgeoning – but all too often murky and muddy – field. We saw … More Tank-traps versus trappings in virtual currencies: A cybersecurity minefield