T-Mobile Sued Over SIM Attack That Resulted in Loss of $450K in Bitcoin
The plaintiff lost 15 bitcoin after an interaction with a T-mobile customer who had been victim of a SIM-swapping attack.
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The wireless carrier is accused of failing to protect its customers from SIM swappers' lucrative heists. Telecoms provider T-Mobile has become the latest corporate name to come under fire for its alleged negligence and failure to protect customer information, which indirectly enabled a "SIM swap attack" that led to the successful theft of $450,000, or 15 Bitcoin (BTC).A SIM swap attack — also referred to as a port-out scam — has proved to be a popular tactic with criminals in recent years. Such an attack involves the theft of a victim’s cell phone number, which can then be used to hijack....
Holders of Pickle Finance’s native coin PICKLE are currently suffering from a 50% drawdown after the protocol was attacked by an unknown user. Details are still unclear about the attack but the loss of funds has resulted in users pulling their liquidity and selling the cryptocurrency en-masse. PICKLE is down to $11.50 as of this […]
Over 300 blocks were rolled back in the course of the 51% attack. Anonymous cryptocurrency Firo — formerly known as Zcoin— is the latest Proof-of-Work coin to suffer a 51% attack.Tweeting on Wednesday, Firo revealed that the protocol had come under a 51% attack and advised holders to pause all transactions until the network returns to a normal state. We are under 51% attack at the moment. We recommend not to make transactions during this time until the network returns to a normal state. We will post updates when we have them. Note this is not a coding error but a nature of PoW. $XZC....
December 8 — Social messaging app Gems is having a token pre-sale on Koinify, and in less than one week has raised $450k worth of bitcoin. A total of 50% of the total GEMZ supply is available for pre-sale, and 42.5% of those have been sold in the first seven days of the crowdsale. GEMZ is a Counterparty issued asset or token, and funds are going to a 2-of-3 Coinbase multisig wallet. The three key holders are Gems Founder Daniel Peled, Counterparty Chief Scientist Adam Krellenstein, and Koinify Corp. In an earlier interview Gems told Bitconist,; “Gems is a Social Messenger integrated with....
Online Bitcoin account provider Coinapult has completely restored its services which were shut down following a hot wallet attack which resulted in a loss of 150BTC worth roughly $43,000 on March 17. The Bitcoin firm announced this development via its official blog. The company declared that, "Today we are happy to announce the full restoration of Coinapult services. Users can now deposit BTC and Lock in addition to withdrawing and Unlocking." Following the attack, Coinapult had warned against sending Bitcoins to Coinapult addresses which included Lock addresses as well. Even though the....