MtGox hacked | Breaking Cybersecurity News | The Hacker News

In a legal extradition tug-of-war between the United States and Russia, it seems France has won the game, surprisingly. A Greek court has ruled to extradite the Russian cybercrime suspect and the former operator of now-defunct BTC-e crypto exchange to France, instead of the United States or to his native Russia, according to multiple Russian news outlets. Alexander Vinnik , 38, has been accused of laundering more than $4 billion in bitcoin for criminals involved in hacking attacks, tax fraud and drug trafficking with the help of BTC-e crypto exchange. BTC-e, a digital currency exchange service operating since 2011, was seized by the authorities right after Vinnik's arrest in northern Greece in late July 2016 at the request of US law enforcement authorities. Vinnik is also accused to the failure of the once-most famous Japanese bitcoin exchange Mt. Gox , which was shut down in 2014 following a series of mysterious robberies, which totaled at least $375 million in Bitcoin...

Remember  Mt.Gox ? Once the world's largest Bitcoin exchange… ...then in early 2014, Tokyo-based Mt.Gox Bitcoin exchange filed for bankruptcy saying it lost some 8,50,000 Bitcoins (worth $64 Million) to hackers and suddenly went dark with no explanation. Last Friday, Mark Karpeles , the former CEO of the collapsed Mt.Gox, was arrested by Tokyo Metropolitan Police in connection with the disappearance of Bitcoins worth £247 Million. Police believe Mr. Karpeles had accessed the computer system of the Bitcoin exchange and manipulated the outstanding balance to cover up fraudulent transactions. The company said at the time that 750,000 customers' Bitcoins and another 100,000 belonging to the exchange were stolen due to an unknown vulnerability in the company's software. While he is not yet been charged, the authorities are investigating his involvement in the stealing of Millions of dollars of the Bitcoin virtual currency when the exchange collapsed in 2014. ...

Are you using the cloud or thinking about transitioning? Undoubtedly, multi-cloud and hybrid environments offer numerous benefits for organizations. However, the cloud's flexibility, scalability, and efficiency come with significant risk — an expanded attack surface. The decentralization that comes with utilizing multi-cloud environments can also lead to limited visibility into user activity and poor access management.  Privileged accounts with access to your critical systems and sensitive data are among the most vulnerable elements in cloud setups. When mismanaged, these accounts open the doors to unauthorized access, potential malicious activity, and data breaches. That's why strong privileged access management (PAM) is indispensable. PAM plays an essential role in addressing the security challenges of complex infrastructures by enforcing strict access controls and managing the life cycle of privileged accounts. By employing PAM in hybrid and cloud environments, you're not...

This News will blow everyone's mind! If you are a bitcoins holder then you might be aware of  MtGox , Once the World's biggest Bitcoin exchange .  MtGox  filed for bankruptcy last month after saying it lost some 8,50,000 Bitcoins to hackers and suddenly went dark with no explanations. A few days ago, some unknown hacker breached into the personal blog and Reddit account of MTgox CEO,  Mark Karpeles  to level charges of fraud. But, Hackers are very clever to avail every eventuality they get. After compromising the MtGox CEO's blog, the hacker posted a 716MB ZIP file, MtGox2014Leak.zip , which contains the data dump and specialized software tools for remote access to MtGox data, but these software tools turned out to be a Bitcoin wallet stealing malware , according to the research carried out by the Kaspersky Lab Expert , Sergey Lozhkin. The application was actually a malware, which was created to search and steal Bitcoin wallet files fr...