The infamous failed ICO of Telegram has sparked controversy in the cryptocurrency industry and how the SEC is involved in regulating the sector. As LeapRate recently reported, after the SEC rejected the GRAM crypto and demanded to see how the raised funds were used by the company, Telegram actually hesitated to give such information to…
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Singapore-based cryptocurrency exchange Bitrue announced on its Twitter profile that it has been hacked for around 9.3 million XRP ($4.1 million) in user assets. The hacker used what they learned from this breach to then access the Bitrue hot wallet and move 9.3 million XRP and 2.5 million ADA to different exchanges. — Bitrue (@BitrueOfficial)…
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The crypto revolution is gaining momentum. Bitcoin prices have soared past $12,600 and show no signs of slowing down. Unfortunately, hacking compromises, scam losses, and other nefarious methods of deception are also skyrocketing, as the seamy underbelly of the crypto-verse continues to make its presence known. Cryptocurrency theft is proliferating in all quarters, leveraging the…
Read moreLeapRate Exclusive... LeapRate has learned that multi-asset electronic trading solutions provider smartTrade Technologies was hit by hackers last week, at its LD4 hosting location. Service was partially and intermittently not accessible to smartTrade clients in LD4 for several hours last Wednesday, May 9. At around 5:30pm UTC a smartTrade monitoring tool raised an alert at…
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After Starbucks’s coffee shop became a victim of cryptojacking, or cryptocurrency mining without the consent of users, now, one of the biggest technology and car companies in the world, Tesla has also come under cryptojacking. Usually, hackers mine for Monero and Bitcoin. What is more, when cryptojacking occurs, the computing power used significantly reduces the…
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Korea JoongAng Daily, a North Korean news publication, announced that North Korean hackers tried, but failed to steal Bitcoin from several domestic exchanges. According to the North Korean magazine, the hackers used "spear-phishing", which basically means that the criminals sent what looked like "innocuous" emails that actually contained malicious software that harmed the host's computer.…
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One of Turkey's largest banks could be liable for up to £4 million after suffering a cyber attack on the SWIFT global money transfer system, Reuters just reported. Despite the potential liability, Akbank insists that no customer information was compromised, although it is unclear exactly whether any funds were stolen. Banks connected to Swift's system…
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The Russian Central Bank recently reported about a breach that occurred earlier this year. According to Forbes, hackers have attempted to steal a total of $45 million from a multitude of accounts using spoofed credentials for one of the Bank's customers. Their plans were partly foiled by the bank, which was able to reduce the…
Read moreInternational organizations The Committee on Payments and Market Infrastructures (CPMI) and the Board of the International Organization of Securities Commissions (IOSCO) today released the final report Guidance on cyber resilience for financial market infrastructures (“Cyber Guidance”). The Cyber Guidance report is the first internationally agreed guidance on cyber security for the financial industry. It has been…
Read moreFXCM's admission that hackers had successfully accessed FXCM customer information and initiated wire transfers from FXCM customer accounts probably didn't help.
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