This week, yet another major hack occurred in Japan: Hackers stole around $59 million worth of cryptocurrencies from local cryptocurrency exchange Zaif. It took several days for the platform to notice the breach, and now it has fallen under the tight scrutiny of the country’s regulator. The company that owns Zaif has already agreed to sell its majority stake to cover the losses. Zaif was already under the FSA’s scope Zaif was founded in May 2014 by Osaka-based startup Tech Bureau Inc. It is one of the 16 crypto exchanges in Japan which have received approval from Financial Services Agency …

Now-defunct Japanese Bitcoin (BTC) exchange Mt. Gox has extended its online rehabilitation claim filing system to corporate users, according to an official announcement posted on the exchange’s site today, September 12. Today’s announcement follows upon an online system for individual (non-corporate) users that was released August 23, allowing them to file proofs of bankruptcy claims. The deadline for filing the rehabilitation claims is October 22, 2018, and the claims can also alternatively be filed offline. The announcement has been signed by Tokyo attorney Nobuaki Kobayashi, who has been appointed to act as civil rehabilitation trustee to manage Mt. Gox’s bankruptcy …

The MEGA Chrome extension version 3.39.4 has been compromised and can now steal user’s Monero in addition to other sensitive information, according to recent posts on Twitter and Reddit. MEGA Chrome extension is a tool that claims to improve browser performance by reducing page loading times, in addition to providing a secure cloud storage service. The official Twitter account of Monero (XMR) posted a warning, advising XMR holders to steer clear of MEGA. PSA: The official MEGA extension has been compromised and now includes functionality to steal your Monero: https://t.co/vzWwcM9E5k — Monero || #xmr (@monero) September 4, 2018 Another user …

Crypto exchange Bittrex will delist Bitcoin Gold (BTG), a hard fork of Bitcoin (BTC), by September 14 following an $18 million hack of the BTG network in May, The Next Web reported September 3. Founded in 2017, the hard fork cryptocurrency Bitcoin Gold has suffered a “double-spending” hacking attack that reportedly allowed the unknown hijackers to take control of more than 51 percent of the BTG hashrate. The attack, which reportedly started on May 18, 2018, has managed to amass more than $18 million in Bitcoin Gold from various exchanges, including Bittrex. Following the hack, the Bitcoin Gold team explained …

U.S. retail giant Walmart has applied to the U.S. Patent & Trademark Office (USPTO) to patent a blockchain system for deliveries, according to an official patent document released August 30. The new patent aims to provide a technology for running “in-field authenticating of autonomous electronic devices” to enable secure deliveries. The patent specifies that “[i]n exemplary embodiments, two autonomous electronic devices, such as delivery drones or household autonomous robots, can authenticate each other using embodiments of security procedures described herein.” The patent is entitled “Systems, Devices, and Methods for In-Field Authenticating of Autonomous Robots” and was filed in January 2018 …

The story of the infamous cryptocurrency exchange Mt. Gox seems to be taking a twist that could bring a relatively happy resolution to one of the most dramatic episodes in the short history of digital money. As the gates are now open for the Japan-based exchange’s creditors to file rehabilitation claims, chances are that most of the roughly 24,000 bereft patrons will eventually get their funds back and even see some returns on their involuntary, four-year long investment. The development came along thanks to a group of Mt. Gox creditors successfully mounting an effort to pull the exchange out of …

Brazilian crypto trading platform Atlas Quantum has recently suffered a major data breach which led to the exposure of clients’ personal data, the company’s official Facebook page stated Sunday, August 26. Atlas Quantum discovered the breach on Saturday, August 25, and has already started an investigation. The company informed users that the security incident has not affected funds from users’ accounts, thought they admitted that plenty of personal data has been leaked. As soon as Atlas Quantum found the leak, they took measures to protect the database from further attacks. Some of the platform’s functions were temporarily paused after the …

Chinese police have arrested three “highly experienced” hackers suspected of stealing up to 600 million yuan (around $87.3 million) in crypto, local news outlet Xinhua reported August 18. The alarm was reportedly first raised by an individual identified by the surname Zhang, who is said to have first filed his complaint March 30 with local police in the northwestern city of Xi’an. The victim claimed that his computer had been hacked, resulting in the theft of Bitcoin (BTC), Ethereum (ETH) and other crypto holdings worth up to 100 million yuan ($14.5 million). Initial investigations by a dedicated police task force …

On Aug. 15, American investor Michael Terpin filed a $224 million lawsuit against AT&T. He believes that the telecoms giant had provided hackers with access to his phone number, which led to a major crypto heist. Michael Terpin is a Puerto Rico-based entrepreneur and CEO of TransformGroup. He is also a co-founder of an angel group for Bitcoin (BTC) investors named BitAngels and of a digital currency fund, the BitAngels DApps Fund. Terpin claims that he lost $24 million worth of cryptocurrencies as a result of two hacks that occured over the course of seven months: The 69-page complaint he …

In July, cryptocurrency hardware wallet manufacturer Bitfi’s executive chairman, John McAfee, claimed that Bitfi was “the world’s first unhackable device,” urging security experts to breach its security for a $100,000 bounty. Since then, a number of reports emerged that suggested Bitfi is not, in fact, “unhackable,” only to be dismissed by the wallet service as well as McAfee himself, steadily making the bounty hunt seem like a tasteless PR stunt. What is Bitfi? Essentially, Bitfi is a physical device — or a ‘hardware’ wallet — supporting “an unlimited amount of cryptocurrencies” that costs $120, as per its website. Although no …

Lawyers representing a group of creditors of the now-defunct Japanese Bitcoin (BTC) exchange Mt. Gox have recently updated their civil rehabilitation plan, according to a statement on the Mt. Gox creditors’ website Aug. 2. In the announcement, the Mt. Gox creditors stated they had revised the basic policy for the rehabilitation plan as of August 1, 2018, in compliance with comments on the previous version of the policy, including from a group of Mt. Gox Legal creditors. The update confirmed that repayments will be made in Bitcoin and Bitcoin Cash (BCH), adding that creditors will be paid back to their …

Cryptocurrency hardware wallet manufacturer Bitfi called claims their wallet had in fact been hacked a “disgrace” in comments to Cointelegraph August 2, as controversy around the company’s security prowess builds. In a statement to Cointelegraph, Bitfi CEO Daniel Khesin said that it had “absolutely no evidence” the wallet was insecure: “As of now, we have no evidence that our device can be hacked and if someone succeeds in doing so then we will immediately put out a fix to all devices to address the vulnerability that was discovered and it will be unhackable once again.” Bitfi and official partner John …