Ethereum Crises Deepens; SoftFork Out, HardFork Decision in Just 16 Days

The Ethereum community is in emergency mode as showstoping findings from the Cornell team sent the soft-fork option out. The only choice now available is whether to hard-fork or not, a decision that must be made in just 16 days. DDos vulnerabilities were found in Ethereum’s softfork which allows an attacker to exploit the gas […]

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BitGo Under DDoS Attack; Wirex Advises Customers Not To Use Platform

Wirex, a bitcoin debit card provider, sent an email to customers today advising them to avoid making transactions on the Wirex platform until it could confirm from that BitGo services have been resumed. The message included a BitGo tweet advising users it was under a distributed denial of service (DDoS) attack. BitGo is a wallet and […]

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Are Bitcoin Businesses Targets for Online Extortion?

Planning on entering the Bitcoin space? You might want to learn some DDoS mitigation techniques before diving in… DDoS attacks against Bitcoin-related websites have resulted in numerous Bitcoin ransoms in recent weeks. At least four bitcoin exchanges and four Bitcoin news websites have came under rudimentary attacks in November. The exchanges and news websites have […]

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Bitcoin Exchange BTC-e is Currently Offline Following DDoS Attack

Update: BTC-e is back online. The website is up and running and the exchange’s Twitter feed confirmed the news. https://t.co/4JB3Aq6VnL – online! #btce — BTC-E (@btcecom) January 8, 2016 Following a distributed denial-of-service (DDoS) attack that targeted its server yesterday, European bitcoin exchange operator BTC-e continues to be offline. Bitcoin and alt.coins exchange BTC-e was […]

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Malicious Hacker Tries to Extort Bank for $3 Million in Bitcoin

An unknown malicious hacker has successfully breached a Sharjah, UAE-based bank of its customer statements and records. Over the past few days, the hacker has released the confidential data via social media after the bank refused to give in to the hacker’s extortion. A cybercriminal who goes by the alias ‘Hacker Buba’ (yes, really) has – for the past week – held a bank in Sharjah, UAE to ransom. The hacker blackmailed the bank to pay a ransom in Bitcoin and the failure to do so will lead to the public leak of the bank’s customers’ account statements. Customers include […]

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