Bo Shen Hackers Hit Again, Ethereum Forum Members Under Threat
The price of Bitcoin has just hit $860 and social engineers are at it again. The attacker who recently hacked Bo Shen’s account draining his REP and ETH funds, though some were later recovered, has been named in yet another hit on the Ethereum forum on December 16. Ethereum says the hacker gained unauthorized access to a database backup from April 2016 from forum.ethereum.org which contains information of about 16,500 forum users including both public and private messages of users, IP-addresses, usernames, email addresses and profile information. The hacker also accessed hashed passwords -....
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In the end, this goes to show any cryptocurrency holder is vulnerable to hackers, assuming that its what happened. People keeping a close eye on the Ethereum price may have noticed things are heading south. In fact, Augur’s REP token is following a similar trend. As it turns out, someone has – allegedly – hacked one of both currency’s “whales” and is dumping all associated coins. An excellent example why security matters, even to people such as Bo Shen. Both Ethereum and REP are going down the drain in quick succession on the exchanges. So-called “whales,” investors holding significant....
A notable blockchain industry investor was hacked today, the latest target in a string of apparent social engineering attacks that have taken aim at cryptocurrency users. The hackers claim to have stolen and liquidated 110,000 REP (upwards of $300,000) in the digital currency Augur plus an additional unknown sum of ether, the cryptocurrency on the ethereum blockchain, owned by Bo Shen, founder of VC firm Fenbushi Capital. Speaking via Shen's Twitter account, the hacker credited his sale with dropping the dollar value of Augur's digital asset Reputation (REP) from 0.0035 BTC (then roughly....
Darkode, which is a notorious cybercrime forum, indicated that it is ready to resume operations after numerous arrests and a government takedown. According to a forum status post earlier in the week, most of the Darkode staff is still intact, along with several senior members. The post also indicated that the government raids were mostly focused on new members of the forum or on people that have retired from the cybercrime scene in years. The forum will resume on an invite-only basis that will require blockchain verification. Forum Blockchain Verification. Only confirmed active members....
A third of the stolen REP from the account of Bo Shen has been recovered according to Augur Co-Founder Jack Peterson, and he thinks more of the stolen tokens could still be retrieved as they continue to work with exchanges. An account belonging to Shen, one of the early investors in Ethereum and Augur, was reportedly hacked last Tuesday causing the Poloniex Augur market to bottom at the price level of 0.0001 BTC for one REP, despite the average price of 0.0035 in the previous period. The hacked wallet was a top 20 wallet by size in Augur and constituted a significant percent of the total....
Ethereum is gaining ground in China as innovators have announced key developments and partnerships during International Blockchain Week in Shanghai. BlockApps, an enterprise blockchain platform developer specializing in Ethereum technology, has unveiled today a pre-Series A funding round led by Fenbushi Capital, with participation from Black Pine Capital and its affiliate Jen Advisors, the Novogratz Family Office, Radiant Venture Capital and Ventris Capital. The new capital will be used to fuel BlockApps's expansion into China and address the growing demand for its platform around the....