marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
hackers
12/13/2024
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By Ava Grace
Scammers using fake Telegram verification bots to steal cryptocurrency assets from unsuspecting victims
Scammers are combining social engineering with fake Telegram verification bots to inject crypto-stealing malware into users’ systems, leading to substantial losses. The scam involves creating counterfeit X accounts impersonating popular crypto influencers, luring followers to Telegram groups, and prompting them to verify their identities through a fake bot named “OfficiaISafeguardBot.” The fake bot injects a […]
10/09/2024
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By Ethan Huff
American Water, nation’s largest water utility, hit with CYBERATTACK that left call center with “limited functionality”
Customers of the nation’s largest water utility, American Water, were left unable to pay their bills this past week after a cyberattack left the company’s billing system non-operational. American Water says it identified “unauthorized activity” taking place within its computer networks and systems that was later determined to be a “cybersecurity incident” that deactivated and […]
02/03/2023
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By Belle Carter
PayPal to lay off 2,000 employees as part of a larger effort to reduce spending
Payment firm PayPal Holdings Inc. is set to cut seven percent of its workforce, or about 2,000 employees. “While we have made substantial progress in right-sizing our cost structure, and focused our resources on our core strategic priorities, we have more work to do,” the firm’s CEO Dan Schulman said in a statement. The company’s […]
12/08/2021
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By Matthew Davis
Hackers steal $196 million from crypto trading platform Bitmart
Blockchain security and data analytics firm Peckshield on Saturday, Dec. 4, revealed that hackers have taken $196 million from crypto trading platform Bitmart. Bitmart confirmed the hack in an official statement, branding it “a large-scale security breach” and saying that hackers withdrew about $150 million in assets – which is less than the estimate of Peckshield. Following […]
08/01/2020
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By Cassie B.
UCSF medical school pays hackers $1.14 million in bitcoin to get stolen data back
The University of California San Francisco paid $1.14 million in bitcoin to hackers following a ransomware attack that took place earlier this month. The attack encrypted data on the university’s School of Medicine servers, rendering it inaccessible. The hackers initially demanded $3 million, but the university got them to agree to a lower amount through […]
06/01/2018
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By Ethan Huff
Cryptocurrency blockchains being sabotaged in “51 percent attacks” to steal virtual coins
The plotline of the recently-aired season finale of the fifth season of Silicon Valley eerily came to life this past week when nearly $20 million worth of cryptocurrency was stolen from online exchanges. Crypto-mining thieves reportedly took over the digital currency platforms and proceeded to claw whatever they could from user accounts, capturing tens of […]
04/20/2018
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By David Williams
“Tamper-proof” cryptocurrency wallet just backdoored by a 15-year-old self-taught programmer
Cryptocurrency wallets were invented to allow those who owned cryptocurrencies, such as Bitcoin, to have an easy way to store and access them via hardware. For a long time, the makers of these devices marketed their products as tamper-proof and capable of keeping any and all of their contents safe. But as it turns out, […]
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