South Korean cryptocurrency exchange Coinrail has resumed its operations on July 15, and it's first order of business was to refund customers the crypto coins they lost during the June 10 attack.
The hacker uploaded a fake version of Hola VPN to the app store, which, in turn, compromised MyEtherWallet (MEW) for about five hours before it was finally taken down.
Richard Gardner says despite all the rave over decentralization, some things are still best left with a certain level of centralized management for protection—especially at a time when regulation is right around the corner.
Decentralized cryptocurrency exchange Bancor has reported a security breach that resulted in the loss of an estimated $13.5 million worth of cryptocurrencies.
The South Korean crypto exchange claimed to have reduced the losses to around KRW19 billion (US$17 million) after it retrieved some of the lost funds from other exchanges.
Coinsecure announced that customers affected by the April cryptocurrency theft only have until June 30 to file their claims.
Not only did the hack drag down the trading value of BTC, it also spiked up average transaction fees on the BTC chain.
South Korean exchange Bithumb, the sixth largest in the world, has reportedly been hacked with damages amounting to $30 million in cryptocurrencies.
Coinrail tweeted this past Monday that they will resume service before July 15, a statement which hasn't been received well by a number of traders.
A new report detailed how hackers managed to breach Ethereum clients, which have been configured to expose a Remote Procedure Call (RPC) interface.
Following the intrusion, Coinrail shut down the platform to prevent more damage, but not before losing a significant amount of NPXS, ATC and NPER tokens.