Cryptocurrency platform Poly Network, which allows users to swap different types of digital tokens, was the victim of a cryptoheist that resulted in the thief (allegedly just one hacker) to swipe over $600 million of currency. The incident has been dubbed the largest theft of cryptocurrency to date.

The story reads like the beginning of

Indian news outlet Inc42 has reported that the ShinyHunters hacking group found some shiny objects when it was able to compromise the personal information of hundreds of thousands of individuals using the crypto exchange BuyUCoin.

The hackers were able to compromise and subsequently leak a BuyUCoin database that contained names, telephone numbers, email addresses, tax

Security researchers Intezer and IBM X-Force have identified a new ransomware that is seriously vicious. It’s PureLocker—named because it is programmed in PureBasic language, which is apparently unusual.

The scary thing about this ransomware being written in PureBasic programming language is that it can target different platforms and is transferable between different operating systems, including

The U.S. government continues to be wary of cryptocurrency, and presently, no cryptocurrency exchange is protected by the FDIC. When you put your money in a FDIC-insured bank, if the bank becomes insolvent customers will not lose their deposits, usually up to a maximum of $250,000 per depositor per insured bank. But if you deposit

New malicious malware dubbed “Gustuff” targets big banks, fintech companies and cryptocurrency apps, according to the security firm Group IB.

According to Group IB, which discovered Gustuff on hacker forums, the new malware is affecting Android devices and is “a mobile Android Trojan, which includes potential targets of customers in leading international banks, users of

United American Corp., operating as UnitedCorp, filed a lawsuit in the United States District Court for the Southern District of Florida last Thursday alleging that several prominent figures in the Bitcoin cryptocurrency market essentially “hijack[ed] the Bitcoin Cash network” causing widespread harm to U.S. Bitcoin holders. In the twenty-seven page, and one hundred and twenty-two paragraph complaint, UnitedCorp takes aim at bitcoin miner Bitmain Inc. and its owner Jihan Wu, well-known bitcoin investor Roger Ver and his company Bitcoin.com, and the Kraken Bitcoin Exchange, among others, claiming that they attempted to “centraliz[e] what is intended to be a decentralized transactional system enabling the corruption of the democratic and neutral principles of the Bitcoin Cash network.” 
Continue Reading Bitcoin Firm Alleges Manipulation of the Bitcoin Cash Network that is Alleged to Have Resulted in a $4 Billion Industry Meltdown

As part of its Virtual Markets Integrity Initiative, on September 18, 2018,  the New York Attorney General’s Office issued a report reviewing the platforms of various cryptocurrency exchanges. The initiative arose from the recognition that online virtual currency exchanges perform functions markedly similar to traditional stock exchanges and broker-dealers, but are generally not registered under state or federal securities or commodities laws and often have not implemented standards designed to protect investors.
Continue Reading New York AG Warns Investors of Risks of Trading on Cryptocurrency Exchanges