Articles about cryptocurrency

An upset woman with an empty wallet

AWS DNS network hijack turns MyEtherWallet into ThievesEtherWallet

Updated Crooks today hijacked internet connections to Amazon Web Services systems to ultimately steal a chunk of alt-coins from online cryptocurrency website MyEtherWallet.com. The Ethereum wallet developer confirmed on Tuesday morning that thieves redirected DNS lookups for its dot-com to a malicious website masquerading as the real …
Shaun Nichols, 24 Apr 2018

Australian Feds cuff woman who used BTC to buy drugs on dark web

Australia’s Border Force (ABF) has warned that “people shouldn’t assume the dark web is invisible to Australian agencies” after cuffing a woman who bought illicit drugs using Bitcoin and had them shipped from the UK to Australia. The ABF chose Friday the 13th of April to announce that a woman had run out of luck after she “ …
Simon Sharwood, 16 Apr 2018
Somewhere nice in India

Tried checking under the sofa? Indian BTC exchange Coinsecure finds itself $3.5m lighter

Indian Bitcoin exchange Coinsecure has mislaid 438.318 BTC belonging to its customers. In a statement by parent firm Secure Bitcoin Traders Pvt, posted late on Thursday, the biz said its chief security officer had extracted a bunch of Bitcoin to distribute to punters – and discovered the funds were "lost in the process." The …
Richard Speed, 13 Apr 2018
Bitcoin, photo via Shutterstock

When SecureRandom()... isn't: JavaScript fingered for poking cash-spilling holes in Bitcoin wallets

Concerns about a flawed crypto library that could allow Bitcoin theft have been revived following a post to a Bitcoin mailing list last week. David Gerard, a UK-based Unix admin and blockchain technology watcher, raised concerns in a blog post on Thursday. "The popular JavaScript SecureRandom() library … isn’t securely random …
Thomas Claburn, 12 Apr 2018
credit card

Cryptocoin investors sue Chase Bank for sky-high credit card charges

Chase Bank is the target of a class action lawsuit accusing the bank of overcharging customers who bought cryptocurrencies with their credit cards. A class-action complaint [PDF], filed this week in a New York US district court, accuses Chase of failing to warn customers it would be classifying cryptocurrency purchases as cash …
Shaun Nichols, 12 Apr 2018
This is the blockchain. Yes, THE blockchain

US watchdog reckons blockchain bods Longfin were wrongfin, maybe this is their swansongfin

US financial watchdog the SEC has frozen $27m in what it believes are ill-gotten gains generated by a shady cryptocurrency deal. The regulator has accused blockchain tech upstart Longfin Corp and four of its officers of awarding and then selling unregistered shares for their own gain. The group is accused of violating the US …
Shaun Nichols, 6 Apr 2018
Soft ptichfork, image via Shutterstock

Buggy Verge crypto-cash gets hacked, devs go fork themselves, hard

The Verge cryptocurrency has seen its value drop by 25 per cent after hackers exploiting a bug in the alt-coin's software forced its developers to hit the reset button and hard-fork the currency. Programmers on Wednesday confirmed that the fun-bux had been on the receiving end of a "small hash attack" that caused its value to …
Shaun Nichols, 6 Apr 2018
US boxing glove, photo via Shutterstock

Floyd Mayweather-endorsed cryptocoin startup knocked out by fraud allegations

Two men have been arrested on suspicion of spinning a "web of lies" to sell unregistered crypto investments. The US Securities and Exchange Commission has alleged that Sohrab "Sam" Sharma and Robert Farkas, who co-founded "financial services startup" Centra Tech, made "ill-gotten" gains of $32m from thousands of investors …
Rebecca Hill, 3 Apr 2018
Pennies in a jar. Photo via Shutterstock

Block blocked: Google to banish cryptominers from Chrome Web Store

Google will throw cryptocurrency-mining extensions out of its Chrome Web Store after finding so many were badly behaved. From Monday, no more add-ons that churn out fun bucks will be added to the cyber-store's shelves, and by July, those listed in the code bazaar will be removed. The ads giant allowed plugins onto the browser …
Iain Thomson, 2 Apr 2018
Hacker

Cash-machine-draining €1bn cybercrime kingpin suspect cuffed by plod

European cyber-cops have felt the collar of a bloke suspected of running a network of crims that used malware to pinch €1bn (£874.8m, $1.24bn) from cash machines and other banking systems. The crew developed the software nasty Anunak, later updated to Carbanak, as well as cyber-weapons based on Cobalt Strike's penetration …
Richard Speed, 27 Mar 2018

Students: Duh, of course we're blowing our loan bucks on crypto coins

University students are opting to use their student loan money to invest in cryptocurrency, rather than school. This according to a survey this month from the Student Loan Report, which asked 1,000 college students in America if they had used their loan money to buy cryptocurrency, only to have 212 confirm. In other words, …
Shaun Nichols, 26 Mar 2018

Internet Society: Cryptocurrency probably not an identity system

Too many cryptocurrency people are trying to force-fit blockchain technology into identity solutions, when ID needs its own solutions. That's the opinion of Steve Wilson of Lockstep Consulting, who this month co-authored a paper on identity for the Internet Society: Do Blockchains Have Anything to Offer Identity? with Steve …
Trump

Trump blocks use of Venezuelan Petro cryptocoins in the US

The US has formally banned the trade of Venezuela's new state-backed cryptocurrency. The announcement came after an executive order by the Trump administration that lists the cryptocoins among the items prohibited by a new set of sanctions on the South American country. "All transactions related to, provision of financing for …
Shaun Nichols, 19 Mar 2018

Bitcoin's blockchain: Potentially a hazardous waste dump of child abuse, malware, etc

Bitcoin's blockchain can be loaded with sensitive, unlawful or malicious data, raising potential legal problems in most of the world, according to boffins based in Germany. In a paper [PDF] presented at the Financial Cryptography and Data Security conference on the Dutch Caribbean island of Curaçao – "A Quantitative Analysis …
Thomas Claburn, 19 Mar 2018

Coverity Scan code checker's systems crypto-jacked to run cheeky mining op

The systems of freebie open-source code scanning tool Coverity Scan were hacked and abused to run a cryptocurrency mining operation, its operator has confirmed. Synopsys, the firm behind Coverity Scan, said its corporate systems were not affected by the previously unexplained incident, which resulted in the suspension of the …
John Leyden, 19 Mar 2018
Bitcoin ban

Crypt-NO-coins: US city bans mining funbux on its electrical power grid

A city in upstate New York has become the first in America to effectively ban any new commercial-grade cryptocurrency miners from powering up. Mayor Colin Read and the city council of Plattsburgh this month signed off on a measure to place an 18-month moratorium on any new industrial-scale crypto-coin crafting operations …
Shaun Nichols, 16 Mar 2018
money laundering

Crooks opt for Monero as crypto of choice to launder ill-gotten gains

Crooks are increasingly turning to Monero over Bitcoin, according to a new study on the economics of cybercrime. "Platforms like Monero are designed to be truly anonymous, and tumbler services like CoinJoin can [further] obscure transaction origins," said Dr Mike McGuire, senior lecturer in criminology at Surrey University and …
John Leyden, 16 Mar 2018

Crypto crackdown: Google bans ads for unregulated currencies

Google has joined the Bitcoin-hating bandwagon with a ban on ads for cryptocurrencies and initial coin offerings from June. The move was announced today as part of an update to its financial services policy to crack down on unregulated products. This will mean companies can no longer serve ads for "cryptocurrencies and …
Rebecca Hill, 14 Mar 2018

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