cryptocurrency hacking | Breaking Cybersecurity News | The Hacker News

As suspected, the KYC details of thousands of Binance's customers that hackers obtained and leaked online earlier this month came from the company's third-party vendor, Malta-based cryptocurrency exchange Binance confirmed. For those unaware, Binance, the world's largest cryptocurrency exchange by volume, hit by a " Potential KYC leak " earlier this month, with an unknown hacker distributing the Know Your Customer (KYC) images of hundreds of its users online and to media outlets. Before leaking the KYC images online, the alleged hacker threatened the exchange to release KYC data of its 10,000 customers if the company did not pay 300 Bitcoins—equivalent to over $3 million at today's exchange value. While Binance CEO Changpeng Zhao called the incident a fud (fear, uncertainty, doubt), the exchange recently confirmed that some of the leaked images match actual accounts though others show evidence of manipulation. According to an official blog post , t

Are you using Komodo's Agama Wallet to store your KMD and BTC cryptocurrencies? Were your funds also unauthorisedly transferred overnight to a new address? If yes, don't worry, it's probably safe, and if you are lucky, you will get your funds back. Here's what exactly happened… Komodo, a cryptocurrency project and developer of Agama wallet, adopted a surprisingly unique way to protect its customers' funds. The company hacked its customers and unauthorisedly transferred nearly 8 million KMD and 96 Bitcoins from their cryptocurrency wallets to a new address owned by the company. Why? To secure funds of its customers from hackers. This may sound weird, but it's true. Komodo recently learned about a malicious open source, third-party JavaScript library that the company was using in its Agama Wallet app. The library, named "electron-native-notify," two months ago received a update from its anonymous author who included a secret backdoo

As a vCISO, you are responsible for your client's cybersecurity strategy and risk governance. This incorporates multiple disciplines, from research to execution to reporting. Recently, we published a comprehensive playbook for vCISOs, "Your First 100 Days as a vCISO – 5 Steps to Success" , which covers all the phases entailed in launching a successful vCISO engagement, along with recommended actions to take, and step-by-step examples.  Following the success of the playbook and the requests that have come in from the MSP/MSSP community, we decided to drill down into specific parts of vCISO reporting and provide more color and examples. In this article, we focus on how to create compelling narratives within a report, which has a significant impact on the overall MSP/MSSP value proposition.  This article brings the highlights of a recent guided workshop we held, covering what makes a successful report and how it can be used to enhance engagement with your cyber security clients.

Binance, one of the largest cryptocurrency exchanges in the world, confirmed today that the company lost nearly $41 million in Bitcoin in what appears to be its largest hack to date. In a statement, Binance's CEO Changpeng Zhao said the company discovered a "large scale security breach" earlier on May 7, as a result of which hackers were able to steal roughly 7000 bitcoins, which worth 40.6 million at the time of writing. News of the hack comes just hours after Zhao tweeted that Binance has "to perform some unscheduled server maintenance that will impact deposits and withdrawals for a couple of hours." According to the company, malicious attackers used a variety of attack techniques, including phishing and computer viruses, to carry out the intrusion and were able to breach a single BTC hot wallet (a cryptocurrency wallet that's connected to the Internet), which contained about 2% of the company's total BTC holdings, and withdraw stolen Bitcoins

Hackers yesterday stole nearly $19 million worth of cryptocurrency from Bithumb , the South Korea-based popular cryptocurrency exchange admitted today. According to Primitive Ventures' Dovey Wan, who first broke the information on social media, hackers managed to compromise a number of Bithumb's hot EOS and XRP wallets and transferred around 3 million EOS (~ $13 million) and 20 million XRP (~ $6 million) to his newly-created accounts. The hacker then distributedly transferred the stolen digital assets to his different accounts created on other cryptocurrency exchanges, including Huobi, HitBTC, WB, and EXmo, via ChangeNow, a non-custodial crypto swap platform does not require KYC/account. Bithumb has been hacked multiple times in the past. Last time the popular cryptocurrency exchange was hacked in June 2018, when hackers stole $31 million, and in July 2017, when hackers stole $1 million worth of EOS from many wallets belonging to its users. "And this is the se