Bitcoin XT Users Allegedly Suffering Coordinated Hack Attack
The Bitcoin XT project, championed by Gavin Andresen and Mike Hearn, has been the talk of the Bitcoin community all summer long. Some love it, some hate it, but the issue will not be resolved quietly, it seems. Those who have chosen to adopt the new software have reported suffering targeted cyber attacks after migrating to XT. For those unaware of the scuttlebutt, Bitcoin XT was proposed by the prominent Bitcoin core developers to alleviate future scalability issues Bitcoin is expected to face. Currently, transactions per minute are limited to 7 per second with estimates showing that....
Related News
Investors are contemplating what next following the market correction, which saw Bitcoin drop as low as $29k. Many pin the events of yesterday on FUD, whether Elon FUD, China FUD, or OCC FUD. However, an “insider” on anonymous board 4Chan claims it was a coordinated attack by an unnamed firm connected to the Chinese government. […]
BlueBenx’s lawyer, Assuramaya Kuthumi, revealed that the attack resulted in the loss of $32 million, which many investors found hard to believe. BlueBenx, a Brazilian crypto lending platform, reportedly blocked all of its 22,000 users from withdrawing their funds following an alleged hack that drained $32 million (or 160 million Brazilian real). While no details about the hack were made available, the company allegedly laid off most of its employees.BlueBenx joins the growing list of crypto companies that failed to deliver on their promise of exorbitant yield returns this crypto winter.....
The South Korean exchange is bringing more services back online after suffering a major hack late last month.
As it turns out, we were all so concerned with the recent attack on BTER that we didn't even notice the other hacks occurring on "neighboring" exchanges, and while evidence is currently limited, it is being whispered amongst members of the crypto community that all three attacks were coordinated, heavily planned and are possibly even linked. Recently, exchanges Excoin and HitBTC joined BTER as the latest groups to suffer a hack, and it is being reported that millions have been stolen from a great number of financial institutions, suggesting that it's not just the bitcoin arena that's been....
Cannabis Road is now offline after suffering from an attack that saw hackers abscond with 200 BTC or roughly $100,355 at press time. Users who attempt to access the online marketplace dedicated to cannabis products are now presented with a message from lead developer 'Crypto' detailing the attack and the potential paths forward for the development team. Crypto writes that he discovered the theft at roughly 10:15 AM UTC, after logging into Cannabis Road's bitcoin wallet and noticing the balance was near zero. He recalls: "At first I thought it was a mistake, until I double checked, and....