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EtherParty Breach: Another Ethereum ICO Gets Hacked

EtherParty Breach: Another Ethereum ICO Gets Hacked

Oct 03, 2017
Etherparty announced Sunday that its ICO (Initial Coin Offering) website selling tokens for a blockchain-based smart contract tool was hacked and the address for sending funds to buy tokens was replaced by a fraudulent address controlled by the hackers. Vancouver-based Etherparty is a smart contract creation tool that allows its users to create smart contracts on the blockchain. Companies like this launch ICO to let them raise funding from multiple sources. Etherparty said the company launched its Fuel token sale on Sunday, October 1 at 9 A.M. PDT, but just 45 minutes, some unknown attackers hacked into its ICO website and replaced the legitimate address by their own, redirecting cryptocurrencies sent by investors into their digital wallet. According to the details released by the Etherparty team, the company detected the hack after just 15 minutes and immediately took its website down for nearly one and half hour to fix the issue, preventing more people from sending funds to
Warning: Enigma Hacked; Over $470,000 in Ethereum Stolen So Far

Warning: Enigma Hacked; Over $470,000 in Ethereum Stolen So Far

Aug 21, 2017
More Ethereum Stolen! An unknown hacker has so far stolen more than $471,000 worth of Ethereum—one of the most popular and increasingly valuable cryptocurrencies—in yet another Ethereum hack that hit the popular cryptocurrency investment platform, Enigma . According to an announcement made on their official website an hour ago, an "unknown entity" has managed to hack their website, slack account and email newsletter accounts, and uploaded a fake pre-sale page with a fake ETH address to send money. The hackers also spammed their fake address in Enigma's newsletter and slack accounts for pre-sale coins, tricking victims to send their cryptocurrencies to hacker's address. Etherscan, a popular search engine for the Ethereum Blockchain that allows users to look up, confirm and validate transactions easily, has already flagged the address as compromised, but people are still sending ETH to the fake address (given below). 0x29d7d1dd5b6f9c864d9db560d72a247c178ae86
Why Regulated Industries are Turning to Military-Grade Cyber Defenses

Why Regulated Industries are Turning to Military-Grade Cyber Defenses

Jun 14, 2024Cybersecurity / Regulatory Compliance
As cyber threats loom large and data breaches continue to pose increasingly significant risks. Organizations and industries that handle sensitive information and valuable assets make prime targets for cybercriminals seeking financial gain or strategic advantage.  Which is why many highly regulated sectors, from finance to utilities, are turning to military-grade cyber defenses to safeguard their operations. Regulatory Pressures Impacting Cyber Decisions Industries such as finance, healthcare, and government are subject to strict regulatory standards, governing data privacy, security, and compliance. Non-compliance with these regulations can result in severe penalties, legal repercussions, and damage to reputation. To meet regulatory requirements and mitigate the ever-increasing risk, organizations are shifting to adopt more robust cybersecurity measures. Understanding the Increase of Threats Attacks on regulated industries have increased dramatically over the past 5 years, with o
Hacker Steals $8.4 Million in Ethereum (4th Heist In A Month)

Hacker Steals $8.4 Million in Ethereum (4th Heist In A Month)

Jul 25, 2017
More Ethereum Stolen! An unknown hacker has just stolen nearly $8.4 Million worth of Ethereum – one of the most popular and increasingly valuable cryptocurrencies – in yet another Ethereum hack that hit Veritaseum's Initial Coin Offering (ICO). This incident marks as the fourth Ethereum hack this month and second cyber attack on an ICO, following a theft of $7 Million worth of Ether tokens during the hack of Israeli startup CoinDash's initial coin offering last week. A few days ago, a hacker also stole nearly $32 Million worth of Ethereum from wallet accounts by exploiting a critical vulnerability in Parity's Ethereum Wallet software, which followed a $1 Million worth of Ether and Bitcoins heist in crypto currency exchange Bithumb earlier this month. Now, Veritaseum has confirmed that a hacker stole $8.4 Million in Ether (ETH) from its ICO this Sunday, July 23. "We were hacked, possibly by a group. The hack seemed to be very sophisticated, but there'
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Hackers Stole $32 Million in Ethereum; 3rd Heist in 20 Days

Hackers Stole $32 Million in Ethereum; 3rd Heist in 20 Days

Jul 20, 2017
An unknown hacker has just stolen nearly $32 million worth of Ethereum – one of the most popular and increasingly valuable cryptocurrencies – from Ethereum wallet accounts linked to at least three companies that seem to have been hacked. This is the third Ethereum cryptocurrency heist that came out two days after an alleged hacker stole $7.4 million worth of Ether from trading platform CoinDash, and two weeks after an unknown attacker hacked into South Korean cryptocurrency exchange Bithumb and stole more than $1 Million in Ether and Bitcoins from user accounts. On Wednesday, Smart contract coding company Parity issued a security alert , warning of a critical vulnerability in Parity's Ethereum Wallet software, which is described as "the fastest and most secure way of interacting with the Ethereum network." Exploiting the vulnerability allowed attackers to compromise at least three accounts and steal nearly 153,000 units of Ether worth just almost US$32 million
Hacker Uses A Simple Trick to Steal $7 Million Worth of Ethereum Within 3 Minutes

Hacker Uses A Simple Trick to Steal $7 Million Worth of Ethereum Within 3 Minutes

Jul 18, 2017
All it took was just 3 minutes and ' a simple trick ' for a hacker to steal more than $7 Million worth of Ethereum in a recent blow to the crypto currency market. The heist happened after an Israeli blockchain technology startup project for the trading of Ether, called CoinDash , launched an Initial Coin Offering (ICO), allowing investors to pay with Ethereum and send funds to token sale's smart contact address.. But within three minutes of the ICO launch, an unknown hacker stole more than $7 Million worth of Ether tokens by tricking CoinDash's investors into sending 43438.455 Ether to the wrong address owned by the attacker. How the Hacker did this? CoinDash's ICO posted an Ethereum address on its website for investors to pay with Ethereum and send funds. However, within a few minutes of the launch, CoinDash warned that its website had been hacked and the sending address was replaced by a fraudulent address, asking people not to send Ethereum to the pos
Largest Cryptocurrency Exchange Hacked! Over $1 Million Worth Bitcoin and Ether Stolen

Largest Cryptocurrency Exchange Hacked! Over $1 Million Worth Bitcoin and Ether Stolen

Jul 05, 2017
One of the world's largest Bitcoin and Ether cryptocurrencies exchanges Bithumb has recently been hacked, resulting in loss of more than $1 Million in cryptocurrencies after a number of its user accounts compromised. Bithumb is South Korea's largest cryptocurrency exchange with 20% of global ether trades, and roughly 10% of the global bitcoin trade is exchanged for South Korea's currency, the Won. Bithumb is currently the fourth largest Bitcoin exchange and the biggest Ethereum exchange in the world. Last week, a cyber attack on the cryptocurrency exchange giant resulted in a number of user accounts being compromised, and billions of South Korean Won were stolen from customers accounts. Around 10 Million Won worth of bitcoins were allegedly stolen from a single victim's account, according to the Kyunghyang Shinmun, a major local newspaper. A survey of users who lost cryptocurrencies in the cyber attack reveals " it is estimated that hundreds of mill
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