“We Are Hackers Ourselves”: What Bitcoin Startups Can Learn From Glass Hunt Hack
Glass Hunt was hacked last week by an anonymous hacker, who penetrated the platform’s Double Spent Tool to steal nearly $5,000 Bitcoin. The company is now in search for the same hacker with a job offer. Glass Hunt is an anonymous organization established to secure the Blockchain technology and ecosystem by assisting a community of hackers in understanding the fundamentals of various attacks. The South Korea-based company uses major security breaches like the DAO and Bitfinex hacks in its Glass Hacker School to simulate the original hacking process and teach developers the different phases....
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Nordea, a financial services group in the Nordic and Baltic region, continues its hunt for AI and blockchain breakthroughs. Later this year it is launching its Fintech accelerator in Stockholm and Helsinki. 200 startups applied to join the 3-month program that will be led by Nordea and its partners, including IBM, Tata Consultancy Services and Nestholma Venture Accelerator. Nordea’s accelerator program goal. The main goal of Nordea’s accelerator program is to hunt for developments in both Artificial Intelligence and Blockchain technologies. Presently, only 35 startups have made it through....
Following the hack of the BTer exchange a deal was negotiated with the hacker for him to return all the stolen NXT to BTer against some Bitcoins. Sure enough, the hacker didn’t keep his work and kept 8.3 million NXT by himself. I was the lead negotiator of this deal, but I am now ready to lead the hunt for this hacker. I had lengthy talk with him, and got a chance to understand him fairly well. I received help from several people to try to identify him, and I am pleased to say we already have some promising ideas to pursue. Naturally, this kind of information will remain confidential until....
Hackers are increasingly targeting cryptocurrency startups running on specific blockchains. Cryptocurrency platforms have been the hackers’ favorite. Bitcoin exchanges and trading platforms figure on top of their list. Hacking incidents including the latest Bitfinex hack stands proof of that. But with established Bitcoin platforms opting for high-security standards, hackers are now settling for the next best thing, cryptocurrency startups. A recent report published by BBC describes a security incident faced by one of the small Florida-based digital currency startups to prove the point. The....
Security is an increasing concern among internet-based companies. The latest Ashley Madison hack is one example of how companies are exposed to security issues and how their users can be profoundly affected. The internet of today is far from safe, and security has come to be the main concern for companies operating on the web. So far, only one network....
The Bitfinex hack had been one of the most popular hacks when it occurred. At that point, bitcoin was still in its very early stages and was still reeling from the Mt Gox shutdown even years later. When the hack occurred, the attackers had made off with 119,756 BTC successfully. They had moved out of the stash gradually over time but recently, the biggest move from the hackers came when they moved $3.8 billion worth of bitcoin. Hackers Move 10,000 BTC The Bitfinex hackers have moved 10,000 BTC from a stash that has been there since 2016. There have been BTC moved from the wallets....