As a result of a broken smart contract, a hacker was able to break into the SpankChain platform and siphon funds from some of its users, through deploying a reentrancy bug—the same bug that has previously been used to attack the DAO.
The embattled Japanese cryptocurrency exchange Zaif has published its plan for customer financial support, in the wake of a hack that cost the firm losses of up to JPY6.7 billion ($59.7 million).
Cryptocurrency thefts globally are expected to reach over $1 billion this year, about four times the recorded thefts last year.
An orchestrate attack will be conducted to Einsteinium (EMC2) cryptocurrency at 4 AM Eastern US Time on October 13, to demonstrate on how easy it is for someone to perform an attack.
The parent company of Japanese cryptocurrency exchange Zaif, Tech Bureau, has announced that it is temporarily halting new accounts on the exchange.
Three weeks after the hack happened, the clients of Japanese cryptocurrency exchange Zaif are still waiting for their money – even though it has allegedly already made arrangements to have the funds available.
According to report, Japan Virtual Currency Exchange Association (JVCEA) will establish a ceiling for the amount of digital currencies allowed to be managed online by any of the country’s crypto exchanges.
Japan's Ministry of Finance (MoF) has slapped Zaif cryptocurrency exchange’s owner, Tech Bureau, with a business improvement order, a type of admonishment that carries serious penalties.
The amount stolen this year was substantially larger than the equivalent figure recorded in 2017, with JPY60 billion stolen so far across 158 separate thefts in Japan alone.
Zaif, a cryptocurrency exchange based in Japan, has fallen victim to a hack, resulting in the loss of JPY6.7 billion ($60 million) worth of cryptocurrencies.
About $58,000 was stolen from token exchange Newdex, through the issuance of fake EOS tokens in the network.
Security researchers have identified “hundreds of Indian sites,” including that of the director of municipal administration of Andhra Pradesh (AP), Tirupati Municipal Corporation and Macherla municipality, that have been infected by a cryptojacking malware.
