VeChain Loses $6.6M in VET Tokens to Hacker in Attack on Buyback Wallet December 14, 2019

Note: This story has been updated to provide more details about the incident. VeChain Foundation’s wallet has been compromised in a hacker attack targeting funds earmarked for the foundation’s buyback program. Per a VeChain Foundation announcement on Dec. 13, an unknown hacker has redirected 1.1 billion VET tokens — valued at approximately $6,600,000 at press […]

Coinbase UK Settles Lawsuit With Victim of Email Phishing Attack September 12, 2019

The United Kingdom arm of cryptocurrency exchange Coinbase settled a two-month legal battle with a man who lost 80 Bitcoins (BTC) in an email phishing attack. Stolen Bitcoin diverted to Coinbase On Sept. 10, legal news site Law360 reported that Coinbase U.K. had reached an undisclosed settlement with Liam Robertson to exit a London-launched litigation […]

Electrum Faces Another Fake Wallet Attack, Users Reported to Lose Millions of Dollars April 8, 2019

Bitcoin (BTC) wallet service Electrum is facing an ongoing Denial-of-Service (DoS) attack on its servers, the company reported on Twitter on April 7. According to tech news website The Next Web, the new attack has caused users to lose estimatedly millions of dollars to date, with a single person alone reportedly losing about $140,000. The […]