Home > Theft

JPEG on the Blockchain: Image Format Creator Believes Tech Can Fight Copyright Theft

The organization that created the popular JPEG picture format believes blockchain could be used to verify images, as well as flag fakes and image theft.The Joint Photographic Experts Group (JPEG) said blockchain has "great potential" as the basis of a system that would use a combination of encryption, hash signatures

Read More

IOTA Foundation Suspends Network, Probes Fund Theft in Trinity Wallet

IOTA Foundation, the nonprofit behind the IOTA distributed network, recommended users close their Trinity wallets Thursday after multiple reports of fund theft. IOTA said it started receiving the reports Wednesday and decided to shut off the Coordinator node in the network for further investigation. The foundation is evaluating an exploit on an

Read More

South Korean Crypto Exchange UPbit Admits 342K ETH (~$50M) Theft

UPbit, South Korean cryptocurrency exchange, has recently posted a statement on its official website, confirming a cyberattack that resulted in the robbery of approximately $50 million in virtual assets. The statement was posted on 27th November, when UPbit informed users about the suspension of its services related to deposit and

Read More

Crypto-Related Fraud and Theft Resulted in $4.4B Loss in 2019

In 2019, the total volume of cryptocurrency-related fraud and theft resulted in losses worth $4.4 billion, according to CipherTrace’s report for the third quarter of 2019.In its “Cryptocurrency Anti-Money Laundering Report, 2019 Q3,” security research firm CipherTrace delved into the 120 most popular cryptocurrency exchanges’ compliance with Know Your

Read More