Bitcoin Or Your Life? Israeli Trader Stabbed, $600K Stolen in Home Attack

What is the digital world coming to? An era of hardcore crime has made its way into our little cryptocurrency community and it's giving digital currency enthusiasts a bad name. Dwayne Richards, a New York City firefighter, was recently held up, robbed, and stabbed by thugs who were bent on stealing his bitcoins. Richards allegedly met with the criminals in Brooklyn under the idea that he would be trading bitcoins for cash, but the firefighter was later wounded and left bleeding. He's alive, however, and the prognosis of his condition seems to be promising. Bitcoin-related crimes have taken....

Krypton, Ethereum-based network, has recently recovered from a 2-step attack which resulted in a total of 21,465 KR, approximately $3000 USD, being stolen from Bittrex’s wallets. The Krypton team suspects that the attack might have been just a test: attackers might go for other Ethereum-based blockchains such as ETC, for example. How the attack happened. According to a press release by Stephanie Kent, Krypton’s Founder, and Rocky, cryptocurrency trader, investor and analyst, attackers used Double-Spending to steal the KR from Bittrex. After the attack, all deposits and withdrawals on both....

Zabu confirmed that the attacker successfully pulled out 4.5 billion tokens in Zabu Farm Contract and stole around $600K. Zabu Finance, a DeFi application on the Avalanche blockchain, has reportedly been exploited for crypto tokens worth $3.2 million. The removal of a large number of tokens eventually reduced the value of Zabu tokens to zero.Zabu Finance announced the exploit by asking for help from Avalanche and popular Avalanche-hosted decentralized exchanges such as Pangolin and Trader Joe:“Zabu Team Wallet has not sold a single Zabu. We're under an exploit, possibly from Spore Pool.....

It is clear a solution has to be found before the remaining DAO funds is drained as well. By the look of things, the worries for The DAO are far from over. Their Ethereum account is being drained for the second time in as many days, using the same type of exploit. Although a much smaller amount has been stolen, this time, this is a very worrying trend for what many people believed to be the future of decentralized organizations. News broke yesterday about The DAO being under attack from an exploit in their smart contract code. An assailant was able to drain over 3 million ETH from their....

Thousands of bitcoins have been stolen from users since the virtual currency started, and yet we can see all of these thefts happen, in real time, on the block chain. We know which addresses the stolen coins are sent to, and which ones they are stolen from. We can track the life of a bitcoin through the network. Why, then, can't we simply take those stolen coins out of commission? A UK-based digital forensic services firm, Systech, has begun offering a recovery service for lost and stolen bitcoins. The service is twofold: firstly, it will use its traditional forensic data recovery....